Agnico Eagle Mines Limited (TSE:AEM) Receives C$138.00 Average Price Target from Brokerages

Shares of Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) have received a consensus recommendation of “Buy” from the eight research firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and four 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$139.67.

Several research analysts have recently commented on the company. UBS Group lowered Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a report on Monday, March 31st. National Bankshares increased their price target on shares of Agnico Eagle Mines from C$160.00 to C$190.00 and gave the stock an “outperform” rating in a report on Wednesday, March 19th. Stifel Canada raised shares of Agnico Eagle Mines to a “strong-buy” rating in a report on Wednesday, March 19th. Royal Bank of Canada raised their price target on Agnico Eagle Mines to C$105.00 and gave the company a “buy” rating in a research report on Thursday, March 6th. Finally, Cfra Research upgraded Agnico Eagle Mines to a “strong-buy” rating in a report on Friday, April 25th.

Agnico Eagle Mines Trading Down 2.1 %

Agnico Eagle Mines stock opened at C$160.99 on Friday. The stock has a market cap of C$56.92 billion, a P/E ratio of 56.56, a PEG ratio of 22.97 and a beta of 1.10. Agnico Eagle Mines has a fifty-two week low of C$86.66 and a fifty-two week high of C$175.33. The firm’s fifty day moving average price is C$151.51 and its 200-day moving average price is C$132.04. The company has a debt-to-equity ratio of 7.88, a quick ratio of 0.89 and a current ratio of 1.75.

Agnico Eagle Mines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, March 14th were paid a dividend of $0.40 per share. The ex-dividend date was Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.99%. Agnico Eagle Mines’s dividend payout ratio (DPR) is currently 76.24%.

Insider Activity

In other news, Senior Officer Dominique Girard sold 10,000 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of C$148.32, for a total transaction of C$1,483,200.00. Also, Senior Officer Christopher Charles Norman Vollmershausen sold 6,000 shares of the business’s stock in a transaction dated Friday, March 28th. The shares were sold at an average price of C$155.55, for a total value of C$933,300.00. In the last quarter, insiders sold 26,625 shares of company stock valued at $3,958,905. 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.