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

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) has been assigned an average rating of “Buy” from the four research firms that are currently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a buy rating. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$105.14.

AEM has been the topic of a number of recent research reports. National Bank Financial restated an “outperform overweight” rating on shares of Agnico Eagle Mines in a report on Monday, April 8th. Eight Capital raised their target price on shares of Agnico Eagle Mines from C$105.00 to C$115.00 in a research note on Thursday, July 11th. Stifel Nicolaus raised their target price on shares of Agnico Eagle Mines from C$94.00 to C$104.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Cormark raised their target price on shares of Agnico Eagle Mines from C$110.00 to C$115.00 in a research note on Monday, June 24th. Finally, Veritas Investment Research raised their target price on shares of Agnico Eagle Mines from C$88.40 to C$118.00 in a research note on Friday, April 12th.

Insiders Place Their Bets

In other news, Director Sean Boyd sold 120,000 shares of Agnico Eagle Mines stock in a transaction dated Monday, May 6th. The shares were sold at an average price of C$90.08, for a total transaction of C$10,809,600.00. In related news, Senior Officer Guy Gosselin sold 22,000 shares of Agnico Eagle Mines stock in a transaction dated Monday, May 6th. The shares were sold at an average price of C$90.50, for a total transaction of C$1,991,000.00. Also, Director Sean Boyd sold 120,000 shares of Agnico Eagle Mines stock in a transaction dated Monday, May 6th. The shares were sold at an average price of C$90.08, for a total transaction of C$10,809,600.00. Insiders have sold 163,279 shares of company stock worth $14,798,903 in the last ninety days. Insiders own 0.09% of the company’s stock.

Agnico Eagle Mines Stock Down 0.8 %

Agnico Eagle Mines stock opened at C$103.07 on Friday. The company has a market capitalization of C$51.35 billion, a P/E ratio of 95.44, a P/E/G ratio of 22.97 and a beta of 1.04. The firm’s fifty day simple moving average is C$93.99 and its 200-day simple moving average is C$82.05. The company has a current ratio of 2.21, a quick ratio of 0.89 and a debt-to-equity ratio of 10.14. Agnico Eagle Mines has a 1-year low of C$59.36 and a 1-year high of C$105.99.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its quarterly earnings results on Thursday, April 25th. The company reported C$1.02 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.82 by C$0.20. The business had revenue of C$2.47 billion for the quarter, compared to the consensus estimate of C$2.20 billion. Agnico Eagle Mines had a net margin of 6.79% and a return on equity of 2.39%. Sell-side analysts forecast that Agnico Eagle Mines will post 4.3937412 earnings per share for the current fiscal year.

Agnico Eagle Mines Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, June 14th were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $1.60 annualized dividend and a yield of 1.55%. Agnico Eagle Mines’s dividend payout ratio is 199.07%.

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.