Agnico Eagle Mines Limited (TSE:AEM) Receives C$97.50 Consensus PT from Analysts

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) has earned a consensus recommendation of “Buy” from the five research firms that are presently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy rating. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$97.50.

Several brokerages have weighed in on AEM. National Bank Financial restated an “outperform overweight” rating on shares of Agnico Eagle Mines in a research note on Monday, April 8th. Eight Capital increased their price target on Agnico Eagle Mines from C$92.00 to C$105.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Cormark reduced their price target on Agnico Eagle Mines from C$97.00 to C$90.00 in a research report on Tuesday, February 20th. National Bankshares dropped their price objective on shares of Agnico Eagle Mines from C$105.00 to C$104.00 and set an “outperform” rating on the stock in a research note on Friday, April 19th. Finally, Stifel Nicolaus increased their price target on shares of Agnico Eagle Mines from C$94.00 to C$104.00 and gave the stock a “buy” rating in a report on Friday, April 19th.

Insider Transactions at Agnico Eagle Mines

In related 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 Agnico Eagle Mines news, Senior Officer Guy Gosselin sold 22,000 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of C$90.50, for a total value of C$1,991,000.00. Also, Director Sean Boyd sold 120,000 shares of the firm’s 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 transaction of C$10,809,600.00. Insiders own 0.12% of the company’s stock.

Agnico Eagle Mines Price Performance

Agnico Eagle Mines stock opened at C$91.09 on Monday. The company has a debt-to-equity ratio of 10.14, a current ratio of 2.21 and a quick ratio of 0.89. The stock has a market cap of C$45.38 billion, a price-to-earnings ratio of 83.57, a price-to-earnings-growth ratio of 22.97 and a beta of 1.07. The firm has a 50-day moving average of C$81.16 and a two-hundred day moving average of C$72.63. Agnico Eagle Mines has a 1 year low of C$59.36 and a 1 year high of C$92.62.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its quarterly earnings data on Thursday, February 15th. The company reported C$0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.65 by C$0.13. The company had revenue of C$2.39 billion for the quarter, compared to analysts’ expectations of C$2.04 billion. Agnico Eagle Mines had a return on equity of 2.39% and a net margin of 6.79%. On average, research analysts forecast that Agnico Eagle Mines will post 4.3972332 earnings per share for the current year.

Agnico Eagle Mines Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date is Friday, May 31st. Agnico Eagle Mines’s payout ratio is 197.25%.

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.