Agnico Eagle Mines Limited (TSE:AEM) Receives Consensus Rating of “Buy” from Analysts

Shares of Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) have earned an average recommendation of “Buy” from the five analysts that are currently covering the firm, MarketBeat.com 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 1-year price target among analysts that have covered the stock in the last year is C$122.14.

Separately, Royal Bank of Canada boosted their target price on shares of Agnico Eagle Mines to C$105.00 and gave the stock a “buy” rating in a research report on Thursday, March 6th.

Insider Transactions at Agnico Eagle Mines

In related news, Senior Officer Ammar Al-Joundi sold 17,936 shares of the business’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of C$111.84, for a total value of C$2,005,962.24. Also, Senior Officer Carol-Ann Plummer-Theriault sold 5,625 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of C$139.99, for a total transaction of C$787,455.00. Insiders sold 70,269 shares of company stock valued at $8,396,572 in the last 90 days. 0.08% of the stock is currently owned by insiders.

Agnico Eagle Mines Price Performance

Shares of TSE AEM opened at C$145.22 on Thursday. The firm has a market capitalization of C$51.35 billion, a P/E ratio of 51.02, a PEG ratio of 22.97 and a beta of 1.10. Agnico Eagle Mines has a one year low of C$73.43 and a one year high of C$147.00. The company’s fifty day moving average is C$133.00 and its two-hundred day moving average is C$120.36. The company has a debt-to-equity ratio of 7.88, a quick ratio of 0.89 and a current ratio of 1.75.

Agnico Eagle Mines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Friday, February 28th. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 76.24%.

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.