Agnico Eagle Mines Limited (TSE:AEM) Receives C$116.00 Consensus PT from Brokerages

Shares of Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) have earned a consensus recommendation of “Buy” from the five research firms that are currently covering the company, Marketbeat reports. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$116.00.

A number of equities analysts have recently commented on the stock. National Bankshares increased their price target on shares of Agnico Eagle Mines from C$143.00 to C$144.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. UBS Group raised Agnico Eagle Mines to a “strong-buy” rating in a research note on Tuesday, September 17th. Finally, Stifel Nicolaus raised their price target on Agnico Eagle Mines from C$114.00 to C$140.00 in a research report on Monday, October 21st.

Agnico Eagle Mines Trading Up 5.0 %

Shares of AEM stock opened at C$118.06 on Friday. Agnico Eagle Mines has a 52-week low of C$60.17 and a 52-week high of C$123.86. The business’s fifty day moving average is C$116.21 and its 200 day moving average is C$107.88. The company has a debt-to-equity ratio of 9.94, a quick ratio of 0.89 and a current ratio of 1.51. The company has a market capitalization of C$59.15 billion, a PE ratio of 73.79, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its quarterly earnings results on Wednesday, October 30th. The company reported C$1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.35 by C$0.21. The firm had revenue of C$2.94 billion during the quarter, compared to the consensus estimate of C$2.50 billion. Agnico Eagle Mines had a return on equity of 3.10% and a net margin of 8.49%. On average, equities research analysts anticipate that Agnico Eagle Mines will post 5.4966052 EPS for the current fiscal year.

Agnico Eagle Mines Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.36%. The ex-dividend date was Friday, November 29th. Agnico Eagle Mines’s dividend payout ratio is presently 135.63%.

Insider Buying and Selling at Agnico Eagle Mines

In other Agnico Eagle Mines news, Senior Officer Christopher Charles Norman Vollmershausen sold 15,072 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of C$110.27, for a total value of C$1,661,989.44. Also, Director Sean Boyd sold 10,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of C$116.15, for a total transaction of C$1,161,500.00. Insiders sold a total of 59,972 shares of company stock worth $6,808,814 over the last three months. Company 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.