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

Shares of Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) have been assigned an average recommendation of “Buy” from the seven ratings firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, three have given a buy recommendation and three have given a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$138.00.

A number of research analysts have recently commented on the company. National Bank Financial raised Agnico Eagle Mines to a “strong-buy” rating in a report on Friday, March 21st. National Bankshares upped their price objective on shares of Agnico Eagle Mines from C$160.00 to C$190.00 and gave the stock an “outperform” rating in a report on Wednesday, March 19th. Stifel Canada raised shares of Agnico Eagle Mines to a “strong-buy” rating in a research report on Wednesday, March 19th. Stifel Nicolaus raised their price target on Agnico Eagle Mines from C$165.00 to C$185.00 in a research report on Monday. Finally, BMO Capital Markets raised Agnico Eagle Mines to a “strong-buy” rating in a report on Tuesday, April 15th.

Insider Buying and Selling at Agnico Eagle Mines

In related news, Senior Officer Dominique Girard sold 10,000 shares of the business’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of C$148.32, for a total value of C$1,483,200.00. Also, Senior Officer Carol-Ann Plummer-Theriault sold 5,625 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of C$139.99, for a total value of C$787,455.00. Insiders have sold 26,625 shares of company stock valued at $3,958,905 in the last 90 days. 0.08% of the stock is currently owned by company insiders.

Agnico Eagle Mines Trading Up 0.9 %

Agnico Eagle Mines stock opened at C$165.79 on Friday. Agnico Eagle Mines has a one year low of C$86.66 and a one year high of C$175.33. The company’s fifty day moving average price is C$150.04 and its two-hundred day moving average price is C$130.87. The company has a debt-to-equity ratio of 7.88, a current ratio of 1.75 and a quick ratio of 0.89. The company has a market capitalization of C$58.62 billion, a price-to-earnings ratio of 58.25, a PEG ratio of 22.97 and a beta of 1.10.

Agnico Eagle Mines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, March 14th were given a $0.40 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.60 annualized dividend and a yield of 0.97%. Agnico Eagle Mines’s dividend payout ratio (DPR) is currently 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.