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

Shares of Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) have been assigned an average rating of “Buy” from the five research firms that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$116.00.

Several research firms have recently commented on AEM. Canaccord Genuity Group increased their price target on shares of Agnico Eagle Mines from C$105.00 to C$118.00 in a research report on Tuesday, July 23rd. Stifel Nicolaus upped their price objective on shares of Agnico Eagle Mines from C$114.00 to C$140.00 in a research note on Monday, October 21st. National Bankshares upped their price objective on shares of Agnico Eagle Mines from C$143.00 to C$144.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Eight Capital upped their price objective on shares of Agnico Eagle Mines from C$105.00 to C$115.00 in a research note on Thursday, July 11th. Finally, UBS Group raised shares of Agnico Eagle Mines to a “strong-buy” rating in a research note on Tuesday, September 17th.

Agnico Eagle Mines Trading Down 2.2 %

TSE AEM opened at C$116.07 on Thursday. The stock has a market capitalization of C$58.15 billion, a P/E ratio of 72.54, a P/E/G ratio of 22.97 and a beta of 1.10. Agnico Eagle Mines has a 52-week low of C$60.17 and a 52-week high of C$123.86. The firm has a 50-day moving average price of C$112.41 and a 200 day moving average price of C$100.48. The company has a quick ratio of 0.89, a current ratio of 1.51 and a debt-to-equity ratio of 9.94.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its earnings results on Wednesday, October 30th. The company reported C$1.56 earnings per share for the quarter, topping the consensus estimate of C$1.35 by C$0.21. Agnico Eagle Mines had a net margin of 8.49% and a return on equity of 3.10%. The company had revenue of C$2.94 billion for the quarter, compared to analyst estimates of C$2.50 billion. Equities research analysts expect that Agnico Eagle Mines will post 5.4966052 EPS for the current year.

Agnico Eagle Mines Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Friday, November 29th. Agnico Eagle Mines’s payout ratio is 135.63%.

Insider Activity at Agnico Eagle Mines

In other news, Director Sean Boyd sold 10,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of C$116.15, for a total value of C$1,161,500.00. In related news, Senior Officer Guy Gosselin sold 25,000 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of C$110.20, for a total transaction of C$2,755,000.00. Also, Director Sean Boyd sold 10,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of C$116.15, for a total transaction of C$1,161,500.00. In the last three months, insiders sold 100,000 shares of company stock valued at $11,133,400. Corporate 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.