Agnico Eagle Mines Limited (TSE:AEM) Receives C$105.14 Average Price Target from Analysts

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) has been assigned a consensus recommendation of “Buy” from the five brokerages that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$105.14.

A number of brokerages have recently weighed in on AEM. Canaccord Genuity Group upped their target price on Agnico Eagle Mines from C$105.00 to C$118.00 in a research report on Tuesday, July 23rd. Eight Capital raised their price objective on shares of Agnico Eagle Mines from C$105.00 to C$115.00 in a research note on Thursday, July 11th. UBS Group upgraded Agnico Eagle Mines to a “strong-buy” rating in a research note on Tuesday, September 17th. National Bankshares set a C$104.00 price objective on Agnico Eagle Mines and gave the stock an “outperform” rating in a research note on Monday, June 24th. Finally, Cormark lifted their target price on Agnico Eagle Mines from C$110.00 to C$115.00 in a research report on Monday, June 24th.

Agnico Eagle Mines Stock Performance

Shares of Agnico Eagle Mines stock opened at C$119.01 on Friday. The company has a market cap of C$59.63 billion, a P/E ratio of 74.38, a PEG ratio of 22.97 and a beta of 1.10. The company has a current ratio of 1.51, a quick ratio of 0.89 and a debt-to-equity ratio of 9.94. The business has a 50-day moving average price of C$108.71 and a two-hundred day moving average price of C$97.41. Agnico Eagle Mines has a 1-year low of C$60.17 and a 1-year high of C$119.64.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its quarterly earnings data on Wednesday, July 31st. The company reported C$1.46 EPS for the quarter, topping the consensus estimate of C$1.27 by C$0.19. Agnico Eagle Mines had a net margin of 8.49% and a return on equity of 3.10%. The company had revenue of C$2.84 billion during the quarter, compared to the consensus estimate of C$2.36 billion. As a group, analysts anticipate that Agnico Eagle Mines will post 5.4966052 EPS for the current year.

Agnico Eagle Mines Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were issued a dividend of $0.547 per share. This is a positive change from Agnico Eagle Mines’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.19 annualized dividend and a dividend yield of 1.84%. Agnico Eagle Mines’s payout ratio is presently 135.63%.

Insider Buying and Selling

In other news, Senior Officer Dominique Girard sold 11,000 shares of Agnico Eagle Mines stock in a transaction on Monday, August 12th. The shares were sold at an average price of C$104.33, for a total transaction of C$1,147,630.00. In other news, Senior Officer Dominique Girard sold 11,000 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of C$104.33, for a total transaction of C$1,147,630.00. Also, Director John Merfyn Roberts sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of C$111.84, for a total value of C$223,680.00. Over the last three months, insiders have sold 115,000 shares of company stock worth $12,518,150. Insiders own 0.08% of the company’s stock.

About Agnico Eagle Mines

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.