Brokerages Set Agnico Eagle Mines Limited (TSE:AEM) PT at C$198.33

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) has been given a consensus recommendation of “Strong Buy” by the eight research firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating, two have issued a buy rating and five have issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$198.33.

Separately, Stifel Nicolaus boosted their price target on Agnico Eagle Mines from C$195.00 to C$300.00 in a research note on Monday, October 20th.

Insider Activity at Agnico Eagle Mines

In related news, insider Jean Robitaille sold 3,000 shares of the firm’s stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of C$235.00, for a total value of C$705,000.00. Following the completion of the transaction, the insider directly owned 1,000 shares of the company’s stock, valued at C$235,000. This trade represents a 75.00% decrease in their ownership of the stock. Insiders own 0.08% of the company’s stock.

Agnico Eagle Mines Price Performance

Shares of Agnico Eagle Mines stock opened at C$223.70 on Friday. The company has a debt-to-equity ratio of 7.88, a current ratio of 1.75 and a quick ratio of 0.89. The company has a market cap of C$112.63 billion, a PE ratio of 32.70, a price-to-earnings-growth ratio of 22.97 and a beta of 1.32. The firm has a fifty day moving average price of C$229.43 and a two-hundred day moving average price of C$192.41. Agnico Eagle Mines has a fifty-two week low of C$110.70 and a fifty-two week high of C$263.23.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last posted its quarterly earnings data on Wednesday, October 29th. The company reported C$2.10 earnings per share (EPS) for the quarter. Agnico Eagle Mines had a net margin of 12.86% and a return on equity of 5.05%. The company had revenue of C$4.26 billion for the quarter. Analysts expect that Agnico Eagle Mines will post 5.4966052 EPS for the current year.

Agnico Eagle Mines Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 15th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, December 1st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.7%. Agnico Eagle Mines’s payout ratio is currently 23.39%.

About Agnico Eagle Mines

Agnico Eagle Mines is a gold miner operating mines in Canada, Mexico, and Finland. It also owns 50% of the Canadian Malartic mine. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines on line in rapid succession in the following years. The company produced more than 1.7 million gold ounces in 2020.