Agnico Eagle Mines Limited (TSE:AEM) Receives C$128.71 Average Price Target from Analysts

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) has been assigned a consensus recommendation of “Buy” from the seven analysts that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$128.71.

AEM has been the subject of several research reports. Stifel Canada raised Agnico Eagle Mines to a “strong-buy” rating in a report on Wednesday, March 19th. Royal Bank of Canada upped their price target on shares of Agnico Eagle Mines to C$105.00 and gave the company a “buy” rating in a research note on Thursday, March 6th. National Bank Financial upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a research note on Friday, March 21st. UBS Group cut shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a report on Monday, March 31st. Finally, National Bankshares increased their price target on Agnico Eagle Mines from C$160.00 to C$190.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 19th.

Insider Buying and Selling at Agnico Eagle Mines

In other news, Senior Officer Guy Gosselin sold 22,500 shares of Agnico Eagle Mines stock in a transaction dated Thursday, January 9th. The stock was sold at an average price of C$121.80, for a total transaction of C$2,740,500.00. Also, Senior Officer Ammar Al-Joundi sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of C$118.94, for a total value of C$2,378,852.00. Insiders have sold 71,125 shares of company stock worth $9,315,117 over the last quarter. Corporate insiders own 0.08% of the company’s stock.

Agnico Eagle Mines Trading Down 7.4 %

AEM stock opened at C$141.46 on Monday. Agnico Eagle Mines has a one year low of C$82.17 and a one year high of C$158.10. The stock has a market cap of C$50.02 billion, a price-to-earnings ratio of 49.70, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10. The company has a fifty day moving average price of C$142.96 and a two-hundred day moving average price of C$125.33. The company has a debt-to-equity ratio of 7.88, a current ratio of 1.75 and a quick ratio of 0.89.

Agnico Eagle Mines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, March 14th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend was Friday, February 28th. Agnico Eagle Mines’s dividend payout ratio is 76.24%.

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.