Brokerages Set Agnico Eagle Mines Limited (TSE:AEM) PT at C$99.00

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) has been given a consensus recommendation of “Buy” by the ten research firms that are covering the stock, reports. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$99.00.

AEM has been the subject of a number of recent research reports. Royal Bank of Canada upgraded Agnico Eagle Mines to an “outperform” rating and cut their price objective for the company from C$83.00 to C$79.00 in a research report on Wednesday, October 6th. National Bank Financial downgraded Agnico Eagle Mines from an “outperform overweight” rating to a “sector perform overweight” rating and set a C$97.00 price objective for the company. in a research report on Friday, September 10th. CIBC reiterated an “outperform” rating and set a C$122.00 price objective on shares of Agnico Eagle Mines in a research report on Monday, August 30th. Canaccord Genuity increased their price objective on Agnico Eagle Mines from C$90.00 to C$92.00 and gave the company a “na” rating in a research report on Friday, July 16th. Finally, National Bankshares lowered Agnico Eagle Mines from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from C$97.00 to C$90.00 in a report on Friday, September 10th.

Shares of TSE AEM opened at C$70.62 on Monday. The stock has a fifty day moving average price of C$70.02 and a two-hundred day moving average price of C$76.76. The company has a debt-to-equity ratio of 28.78, a quick ratio of 0.53 and a current ratio of 1.81. The firm has a market cap of C$17.28 billion and a P/E ratio of 18.41. Agnico Eagle Mines has a 1 year low of C$62.28 and a 1 year high of C$109.99.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its quarterly earnings data on Wednesday, July 28th. The company reported C$0.84 EPS for the quarter, beating analysts’ consensus estimates of C$0.73 by C$0.11. The company had revenue of C$1.19 billion for the quarter, compared to analyst estimates of C$1.12 billion. On average, research analysts predict that Agnico Eagle Mines will post 4.011695 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 15th. Investors of record on Wednesday, September 15th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, August 31st. This represents a $1.40 annualized dividend and a dividend yield of 1.98%. Agnico Eagle Mines’s dividend payout ratio is 32.58%.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Sweden, and Finland. The company operates through Northern Business and Southern Business segments. It primarily produces and sells gold deposit, as well as explores for silver, zinc, and copper deposits.

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Analyst Recommendations for Agnico Eagle Mines (TSE:AEM)

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