Analysts Set Agnico Eagle Mines Limited (TSE:AEM) Target Price at C$75.00

Shares of Agnico Eagle Mines Limited (TSE:AEMGet Rating) (NYSE:AEM) have earned an average rating of “Buy” from the ten ratings firms that are covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy rating. The average twelve-month price target among brokers that have covered the stock in the last year is C$75.00.

A number of analysts have recently issued reports on AEM shares. Canaccord Genuity Group decreased their target price on Agnico Eagle Mines from C$91.00 to C$84.00 in a report on Thursday, October 20th. National Bankshares decreased their target price on Agnico Eagle Mines from C$79.00 to C$75.00 and set an “outperform” rating for the company in a report on Tuesday, November 1st. Barclays boosted their target price on Agnico Eagle Mines from C$62.00 to C$63.00 in a report on Monday, October 17th. Eight Capital decreased their target price on Agnico Eagle Mines from C$86.00 to C$85.00 in a report on Wednesday, October 26th. Finally, Citigroup reiterated an “outperform” rating and set a C$50.00 target price on shares of Agnico Eagle Mines in a report on Friday, September 30th.

Agnico Eagle Mines Stock Up 1.5 %

Shares of TSE:AEM opened at C$67.45 on Tuesday. The company has a debt-to-equity ratio of 9.12, a quick ratio of 0.89 and a current ratio of 2.17. Agnico Eagle Mines has a 1 year low of C$48.88 and a 1 year high of C$84.66. The stock has a market capitalization of C$30.75 billion and a P/E ratio of 35.69. The stock has a 50-day simple moving average of C$59.26 and a 200-day simple moving average of C$60.09.

Agnico Eagle Mines Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be issued a $0.553 dividend. This represents a $2.21 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date is Wednesday, November 30th. This is a boost from Agnico Eagle Mines’s previous quarterly dividend of $0.40. Agnico Eagle Mines’s dividend payout ratio is currently 82.01%.

Agnico Eagle Mines Company Profile

(Get Rating)

Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. It operates through Northern Business and Southern Business segments. The company primarily produces and sells gold deposits, as well as explores for silver, zinc, and copper deposits.

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Analyst Recommendations for Agnico Eagle Mines (TSE:AEM)

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