National Bank Financial Issues Positive Forecast for Agnico Eagle Mines (TSE:AEM) Stock Price

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its price target upped by National Bank Financial from C$330.00 to C$345.00 in a research report report published on Friday,BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock.

AEM has been the topic of several other reports. JPMorgan Chase & Co. set a C$337.00 target price on Agnico Eagle Mines and gave the stock a “neutral” rating in a research note on Thursday, January 29th. Stifel Nicolaus raised their target price on Agnico Eagle Mines from C$300.00 to C$350.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Erste Group Bank cut Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Finally, TD Securities raised their target price on Agnico Eagle Mines from C$241.00 to C$251.00 and gave the stock a “buy” rating in a research note on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$320.75.

Agnico Eagle Mines Stock Up 2.3%

TSE AEM opened at C$301.31 on Friday. The company has a debt-to-equity ratio of 1.68, a current ratio of 2.02 and a quick ratio of 0.89. The stock has a market capitalization of C$150.95 billion, a PE ratio of 34.01, a PEG ratio of 22.97 and a beta of 1.87. Agnico Eagle Mines has a 1 year low of C$144.21 and a 1 year high of C$348.94. The business’s 50-day moving average is C$294.89 and its 200 day moving average is C$262.38.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last posted its earnings results on Friday, February 13th. The company reported C$3.71 earnings per share (EPS) for the quarter. The company had revenue of C$4.89 billion for the quarter. Agnico Eagle Mines had a return on equity of 19.37% and a net margin of 37.50%. Sell-side analysts forecast that Agnico Eagle Mines will post 5.4966052 earnings per share for the current year.

Agnico Eagle Mines Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 16th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.6%. This is a boost from Agnico Eagle Mines’s previous quarterly dividend of $0.40. The ex-dividend date was Monday, March 2nd. Agnico Eagle Mines’s dividend payout ratio (DPR) is 18.06%.

Insider Buying and Selling

In other Agnico Eagle Mines news, insider Guy Gosselin sold 4,947 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of C$310.00, for a total value of C$1,533,570.00. Following the completion of the sale, the insider directly owned 31,381 shares in the company, valued at C$9,728,110. This trade represents a 13.62% decrease in their ownership of the stock. 0.08% of the stock is owned by company insiders.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines is a gold miner operating mines in Canada, Mexico, and Finland. It also owns 50% of the Canadian Malartic mine. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines on line in rapid succession in the following years. The company produced more than 1.7 million gold ounces in 2020. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions.