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

Shares of Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) have earned an average recommendation of “Buy” from the five research firms that are covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$116.00.

A number of research firms recently commented on AEM. National Bankshares increased their price objective on Agnico Eagle Mines from C$143.00 to C$144.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Stifel Nicolaus increased their price target on shares of Agnico Eagle Mines from C$114.00 to C$140.00 in a research note on Monday, October 21st.

Agnico Eagle Mines Stock Performance

Shares of AEM opened at C$124.01 on Tuesday. The company has a market capitalization of C$62.13 billion, a PE ratio of 77.51, a PEG ratio of 22.97 and a beta of 1.10. The company has a debt-to-equity ratio of 9.94, a quick ratio of 0.89 and a current ratio of 1.51. The company’s 50 day moving average price is C$116.48 and its 200 day moving average price is C$110.45. Agnico Eagle Mines has a 52 week low of C$60.17 and a 52 week high of C$124.20.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last posted its quarterly earnings results on Wednesday, October 30th. The company reported C$1.56 EPS for the quarter, beating 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 business had revenue of C$2.94 billion for the quarter, compared to analysts’ expectations of C$2.50 billion. Research analysts expect that Agnico Eagle Mines will post 5.4966052 EPS for the current fiscal year.

Agnico Eagle Mines Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date was Friday, November 29th. Agnico Eagle Mines’s payout ratio is 135.63%.

Insider Activity at Agnico Eagle Mines

In other news, Senior Officer Ammar Al-Joundi sold 20,000 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of C$118.94, for a total value of C$2,378,852.00. Also, Senior Officer Jean Robitaille sold 10,000 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of C$122.00, for a total transaction of C$1,220,000.00. In the last three months, insiders have sold 124,616 shares of company stock worth $14,417,931. 0.08% of the stock is owned by insiders.

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.