Agnico Eagle Mines Limited (TSE:AEM) Receives Consensus Rating of “Moderate Buy” from Analysts

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) has earned an average recommendation of “Moderate Buy” from the nine ratings firms that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$295.33.

AEM has been the subject of several recent research reports. Stifel Nicolaus decreased their price target on Agnico Eagle Mines from C$350.00 to C$310.00 in a report on Friday, July 17th. Barclays cut their price objective on shares of Agnico Eagle Mines from C$298.00 to C$266.00 in a report on Thursday, July 16th. National Bank Financial reduced their target price on shares of Agnico Eagle Mines from C$350.00 to C$275.00 and set an “outperform” rating for the company in a research note on Tuesday, July 14th. ATB Cormark Capital Markets upgraded shares of Agnico Eagle Mines from a “sector” rating to an “outperform” rating in a report on Monday, May 4th. Finally, Jefferies Financial Group raised shares of Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th.

Insider Activity at Agnico Eagle Mines

In related news, Director John Merfyn Roberts sold 1,000 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of C$244.66, for a total value of C$244,660.00. Following the transaction, the director directly owned 17,682 shares of the company’s stock, valued at approximately C$4,326,078.12. The trade was a 5.35% decrease in their position. 0.08% of the stock is owned by insiders.

Agnico Eagle Mines Trading Up 2.0%

AEM opened at C$297.82 on Friday. Agnico Eagle Mines has a fifty-two week low of C$186.61 and a fifty-two week high of C$348.94. The firm has a market capitalization of C$149.20 billion, a PE ratio of 25.50, a P/E/G ratio of 22.97 and a beta of 1.83. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.86 and a quick ratio of 0.89. The company’s 50-day moving average is C$226.27 and its 200 day moving average is C$258.37.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its quarterly earnings data on Wednesday, July 29th. The company reported C$4.33 EPS for the quarter. The firm had revenue of C$5.53 billion during the quarter. Agnico Eagle Mines had a return on equity of 22.69% and a net margin of 40.45%. As a group, research analysts predict that Agnico Eagle Mines will post 5.4966052 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were given a $0.45 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.80 annualized dividend and a yield of 0.6%. Agnico Eagle Mines’s payout ratio is currently 14.55%.

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.