Agnico Eagle Mines Limited (TSE:AEM) Receives C$318.83 Consensus Target Price from Brokerages

Shares of Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) have been given an average recommendation of “Moderate Buy” by the eight research firms that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$318.83.

Several equities research analysts recently commented on AEM shares. National Bank Financial set a C$350.00 target price on shares of Agnico Eagle Mines and gave the stock an “outperform” rating in a research report on Monday, May 25th. JPMorgan Chase & Co. decreased their price target on shares of Agnico Eagle Mines from C$321.00 to C$300.00 in a research report on Thursday, April 23rd. Barclays set a C$292.00 price target on shares of Agnico Eagle Mines and gave the company an “overweight” rating in a research note on Friday, May 22nd. ATB Cormark Capital Markets raised shares of Agnico Eagle Mines from a “sector” rating to an “outperform” rating in a research note on Monday, May 4th. Finally, Erste Group Bank downgraded Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th.

Agnico Eagle Mines Price Performance

Agnico Eagle Mines stock opened at C$224.00 on Friday. The stock has a 50-day moving average price of C$242.59 and a two-hundred day moving average price of C$266.86. Agnico Eagle Mines has a 12 month low of C$157.68 and a 12 month high of C$348.94. The company has a market capitalization of C$112.22 billion, a PE ratio of 21.09, a P/E/G ratio of 22.97 and a beta of 1.75. The company has a current ratio of 3.15, a quick ratio of 0.89 and a debt-to-equity ratio of 1.21.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its quarterly earnings results on Thursday, April 30th. The company reported C$4.73 earnings per share for the quarter. Agnico Eagle Mines had a return on equity of 22.08% and a net margin of 39.48%.The company had revenue of C$5.70 billion for the quarter. Analysts expect that Agnico Eagle Mines will post 5.4966052 EPS for the current year.

Agnico Eagle Mines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Monday, June 1st. Agnico Eagle Mines’s dividend payout ratio (DPR) is 15.54%.

Agnico Eagle Mines Company Profile

Canadian-based and led, Agnico Eagle is Canada’s largest mining company and the second largest gold producer in the world, operating mines in Canada, Australia, Finland and Mexico. The Company is advancing a pipeline of high-quality development projects in these regions to support sustainable growth over the next decade. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading sustainability practices. Agnico Eagle was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.