Brokerages Set Agnico Eagle Mines Limited (TSE:AEM) Target Price at C$116.00

Shares of Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) have been given a consensus recommendation of “Buy” by the five ratings firms that are presently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$116.00.

A number of equities research analysts recently commented on the company. UBS Group raised Agnico Eagle Mines to a “strong-buy” rating in a report on Tuesday, September 17th. National Bankshares upped their price objective on shares of Agnico Eagle Mines from C$143.00 to C$144.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Stifel Nicolaus raised their target price on shares of Agnico Eagle Mines from C$114.00 to C$140.00 in a report on Monday, October 21st. Finally, Canaccord Genuity Group boosted their target price on shares of Agnico Eagle Mines from C$105.00 to C$118.00 in a research report on Tuesday, July 23rd.

Agnico Eagle Mines Stock Performance

Shares of AEM stock opened at C$106.43 on Thursday. The company has a current ratio of 1.51, a quick ratio of 0.89 and a debt-to-equity ratio of 9.94. The company has a market cap of C$53.32 billion, a PE ratio of 66.52, a PEG ratio of 22.97 and a beta of 1.10. Agnico Eagle Mines has a 12-month low of C$60.17 and a 12-month high of C$123.86. The business’s fifty day simple moving average is C$112.56 and its 200-day simple moving average is C$101.65.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last posted its quarterly earnings data on Wednesday, October 30th. The company reported C$1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.35 by C$0.21. The firm had revenue of C$2.94 billion for the quarter, compared to the consensus estimate of C$2.50 billion. Agnico Eagle Mines had a net margin of 8.49% and a return on equity of 3.10%. Analysts expect that Agnico Eagle Mines will post 5.4966052 earnings per share for the current fiscal year.

Agnico Eagle Mines Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.60 annualized dividend and a yield of 1.50%. Agnico Eagle Mines’s dividend payout ratio (DPR) is currently 135.63%.

Insider Transactions at Agnico Eagle Mines

In other Agnico Eagle Mines news, Senior Officer Carol-Ann Plummer-Theriault sold 10,000 shares of Agnico Eagle Mines stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of C$110.34, for a total transaction of C$1,103,400.00. In other Agnico Eagle Mines news, Senior Officer Carol-Ann Plummer-Theriault sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of C$110.34, for a total value of C$1,103,400.00. Also, Director John Merfyn Roberts sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of C$111.84, for a total value of C$223,680.00. Insiders have sold 89,000 shares of company stock valued at $9,985,770 over the last ninety days. Insiders own 0.08% of the company’s stock.

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.