Agnico Eagle Mines Limited (TSE:AEM) Receives Average Recommendation of “Buy” from Brokerages

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) has received an average recommendation of “Buy” from the four research firms that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a buy recommendation. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$105.14.

Several research analysts have commented on the stock. Eight Capital lifted their price target on shares of Agnico Eagle Mines from C$105.00 to C$115.00 in a research note on Thursday, July 11th. Cormark boosted their price target on shares of Agnico Eagle Mines from C$110.00 to C$115.00 in a research note on Monday, June 24th. National Bank Financial restated an “outperform overweight” rating on shares of Agnico Eagle Mines in a research report on Monday, April 8th. Veritas Investment Research lifted their price objective on Agnico Eagle Mines from C$88.40 to C$118.00 in a report on Friday, April 12th. Finally, National Bankshares set a C$104.00 target price on Agnico Eagle Mines and gave the company an “outperform” rating in a report on Monday, June 24th.

Agnico Eagle Mines Stock Up 0.5 %

Shares of TSE:AEM opened at C$101.54 on Friday. The company has a debt-to-equity ratio of 10.14, a quick ratio of 0.89 and a current ratio of 2.21. The firm has a fifty day moving average of C$94.26 and a 200 day moving average of C$82.40. Agnico Eagle Mines has a 52-week low of C$59.36 and a 52-week high of C$105.99. The firm has a market capitalization of C$50.59 billion, a PE ratio of 94.02, a price-to-earnings-growth ratio of 22.97 and a beta of 1.04.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its quarterly earnings data on Thursday, April 25th. The company reported C$1.02 EPS for the quarter, beating the consensus estimate of C$0.82 by C$0.20. The firm had revenue of C$2.47 billion for the quarter, compared to analyst estimates of C$2.20 billion. Agnico Eagle Mines had a return on equity of 2.39% and a net margin of 6.79%. As a group, research analysts anticipate that Agnico Eagle Mines will post 4.3937412 EPS for the current fiscal year.

Agnico Eagle Mines Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, June 14th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $1.60 annualized dividend and a dividend yield of 1.58%. Agnico Eagle Mines’s payout ratio is presently 199.07%.

Insider Activity at Agnico Eagle Mines

In other Agnico Eagle Mines news, Director Sean Boyd sold 120,000 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of C$90.08, for a total value of C$10,809,600.00. In other news, Director Sean Boyd sold 120,000 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of C$90.08, for a total value of C$10,809,600.00. Also, Director John Merfyn Roberts sold 1,000 shares of Agnico Eagle Mines stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of C$89.27, for a total transaction of C$89,267.00. Insiders have sold a total of 163,279 shares of company stock worth $14,798,903 in the last 90 days. Company insiders own 0.09% of the company’s stock.

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.