Agnico Eagle Mines Limited (TSE:AEM) Receives C$295.33 Average PT from Brokerages

Shares of Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) have received a consensus rating of “Moderate Buy” from the nine research firms that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$295.33.

AEM has been the topic of a number of research reports. Barclays lowered their price target on Agnico Eagle Mines from C$298.00 to C$266.00 in a research report on Thursday, July 16th. JPMorgan Chase & Co. reduced their price objective on Agnico Eagle Mines from C$321.00 to C$300.00 in a research report on Thursday, April 23rd. Jefferies Financial Group raised Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. National Bank Financial dropped their target price on Agnico Eagle Mines from C$350.00 to C$275.00 and set an “outperform” rating for the company in a research report on Tuesday, July 14th. Finally, Stifel Nicolaus dropped their target price on Agnico Eagle Mines from C$350.00 to C$310.00 in a research report on Friday, July 17th.

Agnico Eagle Mines Stock Performance

Agnico Eagle Mines stock opened at C$202.91 on Wednesday. The firm’s fifty day moving average price is C$223.66 and its 200-day moving average price is C$262.73. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.89 and a current ratio of 3.15. The stock has a market cap of C$101.46 billion, a P/E ratio of 19.11, a price-to-earnings-growth ratio of 22.97 and a beta of 1.84. Agnico Eagle Mines has a fifty-two week low of C$169.73 and a fifty-two week high of C$348.94.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last posted its quarterly earnings data on Thursday, April 30th. The company reported C$4.73 earnings per share (EPS) for the quarter. Agnico Eagle Mines had a net margin of 39.48% and a return on equity of 22.08%. The company had revenue of C$5.70 billion during the quarter. On average, equities research analysts expect that Agnico Eagle Mines will post 5.4966052 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. Agnico Eagle Mines’s dividend payout ratio (DPR) is 15.54%.

Agnico Eagle Mines Company Profile

Canadian-based and led, Agnico Eagle is Canada’s largest mining company and the second largest gold producer in the world, operating mines in Canada, Australia, Finland and Mexico. The Company is advancing a pipeline of high-quality development projects in these regions to support sustainable growth over the next decade. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading sustainability practices. Agnico Eagle was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.