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

Shares of Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) have been assigned a consensus recommendation of “Buy” from the five research firms that are covering the firm, MarketBeat reports. Four research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$105.14.

A number of research firms have commented on AEM. Cormark upped their price target on Agnico Eagle Mines from C$110.00 to C$115.00 in a research report on Monday, June 24th. Eight Capital upped their target price on Agnico Eagle Mines from C$105.00 to C$115.00 in a report on Thursday, July 11th. UBS Group upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a report on Tuesday, September 17th. National Bankshares set a C$104.00 price objective on shares of Agnico Eagle Mines and gave the stock an “outperform” rating in a report on Monday, June 24th. Finally, Canaccord Genuity Group lifted their target price on shares of Agnico Eagle Mines from C$105.00 to C$118.00 in a research note on Tuesday, July 23rd.

Agnico Eagle Mines Stock Up 4.9 %

Shares of TSE AEM opened at C$119.01 on Friday. The firm’s fifty day moving average is C$108.71 and its 200 day moving average is C$97.41. Agnico Eagle Mines has a 52 week low of C$60.17 and a 52 week high of C$119.64. The company has a quick ratio of 0.89, a current ratio of 1.51 and a debt-to-equity ratio of 9.94. The company has a market cap of C$59.63 billion, a price-to-earnings ratio of 74.38, a PEG ratio of 22.97 and a beta of 1.10.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its quarterly earnings data on Wednesday, July 31st. The company reported C$1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.27 by C$0.19. The firm had revenue of C$2.84 billion for the quarter, compared to analysts’ expectations of C$2.36 billion. Agnico Eagle Mines had a net margin of 8.49% and a return on equity of 3.10%. On average, equities research analysts expect that Agnico Eagle Mines will post 5.4966052 earnings per share for the current year.

Agnico Eagle Mines Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were issued a dividend of $0.547 per share. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend was Friday, August 30th. This is a boost from Agnico Eagle Mines’s previous quarterly dividend of $0.40. Agnico Eagle Mines’s payout ratio is 135.63%.

Insider Buying and Selling

In other news, Senior Officer Carol-Ann Plummer-Theriault sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of C$101.85, for a total value of C$2,546,250.00. In other news, Senior Officer Carol-Ann Plummer-Theriault sold 25,000 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of C$101.85, for a total transaction of C$2,546,250.00. Also, Senior Officer Dominique Girard sold 5,000 shares of Agnico Eagle Mines stock in a transaction dated Friday, August 16th. The stock was sold at an average price of C$109.29, for a total value of C$546,450.00. Insiders sold a total of 115,000 shares of company stock worth $12,518,150 in the last three months. 0.08% of the stock is owned by corporate 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.