Agnico Eagle Mines Limited (TSE:AEM) Given Average Rating of “Buy” by Analysts

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

Several research firms have commented on AEM. 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 upped their price target on shares of Agnico Eagle Mines from C$114.00 to C$140.00 in a research note on Monday, October 21st.

Insider Buying and Selling at Agnico Eagle Mines

In related news, Senior Officer Ammar Al-Joundi sold 19,900 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of C$109.25, for a total value of C$2,174,075.00. Also, Director Sean Boyd sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of C$116.15, for a total transaction of C$1,161,500.00. Insiders sold a total of 124,616 shares of company stock valued at $14,417,931 in the last three months. Company insiders own 0.08% of the company’s stock.

Agnico Eagle Mines Trading Down 0.3 %

TSE:AEM opened at C$128.52 on Tuesday. The firm’s 50 day moving average is C$118.42 and its 200 day moving average is C$111.80. Agnico Eagle Mines has a 12 month low of C$60.17 and a 12 month high of C$130.00. The stock has a market capitalization of C$64.39 billion, a PE ratio of 80.33, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10. The company has a current ratio of 1.51, a quick ratio of 0.89 and a debt-to-equity ratio of 9.94.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its earnings results 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 analyst estimates of C$2.50 billion. Agnico Eagle Mines had a return on equity of 3.10% and a net margin of 8.49%. Sell-side analysts expect that Agnico Eagle Mines will post 5.4966052 earnings per share for the current year.

Agnico Eagle Mines Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend was Friday, November 29th. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 135.63%.

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.