Agnico Eagle Mines Limited (TSE:AEM) Receives C$105.14 Consensus Price Target from Brokerages

Shares of Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) have received a consensus recommendation of “Buy” from the five ratings firms that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$105.14.

Several research firms recently issued reports on AEM. Eight Capital increased their target price on Agnico Eagle Mines from C$105.00 to C$115.00 in a research report on Thursday, July 11th. Cormark lifted their price objective on shares of Agnico Eagle Mines from C$110.00 to C$115.00 in a research report on Monday, June 24th. National Bankshares set a C$104.00 target price on shares of Agnico Eagle Mines and gave the stock an “outperform” rating in a report on Monday, June 24th. Canaccord Genuity Group raised their target price on shares of Agnico Eagle Mines from C$105.00 to C$118.00 in a research note on Tuesday, July 23rd. Finally, UBS Group upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a report on Tuesday, September 17th.

Agnico Eagle Mines Price Performance

TSE AEM opened at C$112.88 on Wednesday. The stock has a market cap of C$56.56 billion, a price-to-earnings ratio of 71.44, a PEG ratio of 22.97 and a beta of 1.10. Agnico Eagle Mines has a 12 month low of C$59.36 and a 12 month high of C$114.76. The company’s 50 day moving average is C$106.66 and its two-hundred day moving average is C$93.74. The company has a current ratio of 1.51, a quick ratio of 0.89 and a debt-to-equity ratio of 9.94.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its earnings results on Wednesday, July 31st. The company reported C$1.46 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.27 by C$0.19. Agnico Eagle Mines had a net margin of 8.49% and a return on equity of 3.10%. The company had revenue of C$2.84 billion for the quarter, compared to analysts’ expectations of C$2.36 billion. As a group, research analysts anticipate that Agnico Eagle Mines will post 5.5012201 earnings per share for the current year.

Agnico Eagle Mines Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were paid a dividend of $0.547 per share. This is an increase from Agnico Eagle Mines’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.19 dividend on an annualized basis and a yield of 1.94%. Agnico Eagle Mines’s dividend payout ratio is presently 137.34%.

Insider Transactions at Agnico Eagle Mines

In other Agnico Eagle Mines news, Director John Merfyn Roberts sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of C$112.32, for a total transaction of C$224,640.00. In other news, Director John Merfyn Roberts sold 2,000 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of C$112.32, for a total value of C$224,640.00. Also, Senior Officer Carol-Ann Plummer-Theriault sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of C$101.85, for a total transaction of C$2,546,250.00. Insiders have sold a total of 100,000 shares of company stock worth $10,816,850 in the last three months. Insiders own 0.08% of the company’s stock.

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.