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

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) has received a consensus rating of “Moderate Buy” from the nine brokerages that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is C$295.33.

Several research firms have recently weighed in on AEM. Jefferies Financial Group raised shares of Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 6th. BMO Capital Markets lifted their price target on shares of Agnico Eagle Mines from C$350.00 to C$370.00 in a research report on Wednesday, April 22nd. ATB Cormark Capital Markets upgraded Agnico Eagle Mines from a “sector” rating to an “outperform” rating in a report on Monday, May 4th. Barclays lowered their price objective on Agnico Eagle Mines from C$298.00 to C$266.00 in a research report on Thursday, July 16th. Finally, Erste Group Bank cut Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th.

Agnico Eagle Mines Trading Up 4.3%

Shares of AEM opened at C$199.86 on Wednesday. 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 has a 12-month low of C$167.76 and a 12-month high of C$348.94. The firm has a 50-day moving average price of C$228.51 and a 200 day moving average price of C$264.04. The firm has a market capitalization of C$99.94 billion, a P/E ratio of 18.82, a P/E/G ratio of 22.97 and a beta of 1.84.

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

Agnico Eagle Mines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, June 1st. Agnico Eagle Mines’s dividend payout ratio is 15.54%.

About Agnico Eagle Mines

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.