Agnico Eagle Mines Limited (TSE:AEM) Receives C$116.00 Consensus Price Target from Analysts

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) has been assigned an average recommendation of “Buy” from the five brokerages that are covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$116.00.

Several research analysts have issued reports on AEM shares. Stifel Nicolaus increased their price target on Agnico Eagle Mines from C$114.00 to C$140.00 in a report on Monday, October 21st. National Bankshares increased their target price on 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.

Agnico Eagle Mines Price Performance

Agnico Eagle Mines stock opened at C$128.52 on Tuesday. The stock’s 50 day moving average price is C$118.42 and its two-hundred day moving average price is C$111.80. The stock has a market capitalization of C$64.39 billion, a price-to-earnings ratio of 80.33, a PEG ratio of 22.97 and a beta of 1.10. The company has a debt-to-equity ratio of 9.94, a quick ratio of 0.89 and a current ratio of 1.51. Agnico Eagle Mines has a 52-week low of C$60.17 and a 52-week high of C$130.00.

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

Agnico Eagle Mines Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend was Friday, November 29th. Agnico Eagle Mines’s payout ratio is currently 135.63%.

Insiders Place Their Bets

In other news, Senior Officer Ammar Al-Joundi sold 19,900 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of C$109.25, for a total value of C$2,174,075.00. Also, Director John Merfyn Roberts sold 2,000 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$118.43, for a total value of C$236,860.00. Insiders have sold 124,616 shares of company stock valued at $14,417,931 in the last three months. 0.08% of the stock is currently owned by insiders.

Agnico Eagle Mines Company Profile

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.