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

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) has earned a consensus recommendation of “Buy” from the five analysts that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$116.00.

Several equities analysts recently commented on AEM shares. UBS Group raised shares of Agnico Eagle Mines to a “strong-buy” rating in a research report on Tuesday, September 17th. National Bankshares boosted 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 report on Friday, November 1st. Finally, Stifel Nicolaus raised their target price on Agnico Eagle Mines from C$114.00 to C$140.00 in a research note on Monday, October 21st.

Agnico Eagle Mines Price Performance

Shares of AEM opened at C$118.06 on Monday. The stock has a market capitalization of C$59.15 billion, a PE ratio of 73.79, a PEG ratio of 22.97 and a beta of 1.10. The company has a 50 day moving average price of C$114.25 and a 200-day moving average price of C$104.05. The company has a debt-to-equity ratio of 9.94, a quick ratio of 0.89 and a current ratio of 1.51. Agnico Eagle Mines has a fifty-two week low of C$60.17 and a fifty-two week high of C$123.86.

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

Agnico Eagle Mines Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, November 29th. This represents a $1.60 dividend on an annualized basis and a yield of 1.36%. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 135.63%.

Insiders Place Their Bets

In related news, Senior Officer Dominique Girard sold 20,000 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of C$113.49, for a total value of C$2,269,800.00. Also, Senior Officer Jean Robitaille sold 5,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of C$118.25, for a total value of C$591,250.00. Insiders sold a total of 86,972 shares of company stock worth $9,784,554 over the last 90 days. Corporate insiders own 0.08% of the company’s stock.

About Agnico Eagle Mines

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.