Agnico Eagle Mines Limited (TSE:AEM) Receives C$163.33 Average PT from Brokerages

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) has been assigned a consensus rating of “Strong Buy” from the eight research firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, two have issued a buy recommendation and five have issued a strong buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$163.33.

Several research firms have recently commented on AEM. TD Securities upgraded Agnico Eagle Mines to a “strong-buy” rating in a report on Thursday, July 17th. Raymond James Financial upgraded Agnico Eagle Mines to a “moderate buy” rating in a report on Monday, June 30th.

Agnico Eagle Mines Price Performance

Shares of AEM opened at C$219.58 on Monday. Agnico Eagle Mines has a 52-week low of C$104.99 and a 52-week high of C$226.79. The company has a debt-to-equity ratio of 7.88, a quick ratio of 0.89 and a current ratio of 1.75. The business’s 50 day moving average price is C$192.05 and its two-hundred day moving average price is C$170.31. The firm has a market cap of C$110.56 billion, a PE ratio of 37.34, a price-to-earnings-growth ratio of 22.97 and a beta of 1.02.

Agnico Eagle Mines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 15th were issued a dividend of $0.40 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $1.60 annualized dividend and a yield of 0.7%. Agnico Eagle Mines’s dividend payout ratio is 27.21%.

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.