Brokerages Set Agnico Eagle Mines Limited (TSE:AEM) PT at C$122.14

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) has been assigned an average recommendation of “Buy” from the five research firms that are covering the stock, MarketBeat Ratings 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 twelve-month target price among analysts that have issued a report on the stock in the last year is C$122.14.

Separately, Royal Bank of Canada raised their price target on Agnico Eagle Mines to C$105.00 and gave the company a “buy” rating in a research report on Thursday.

Agnico Eagle Mines Price Performance

AEM opened at C$142.01 on Thursday. Agnico Eagle Mines has a 12-month low of C$72.65 and a 12-month high of C$145.25. The company has a quick ratio of 0.89, a current ratio of 1.75 and a debt-to-equity ratio of 7.88. The firm has a market capitalization of C$50.21 billion, a P/E ratio of 49.89, a PEG ratio of 22.97 and a beta of 1.10. The stock has a fifty day moving average of C$131.13 and a 200-day moving average of C$119.67.

Agnico Eagle Mines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, March 14th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.60 annualized dividend and a yield of 1.13%. Agnico Eagle Mines’s dividend payout ratio is currently 76.24%.

Insider Transactions at Agnico Eagle Mines

In other news, Senior Officer Ammar Al-Joundi sold 17,936 shares of Agnico Eagle Mines stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of C$111.84, for a total transaction of C$2,005,962.24. Also, Director Martine Celej sold 2,208 shares of the business’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of C$111.84, for a total transaction of C$246,942.72. Over the last ninety days, insiders have sold 70,269 shares of company stock valued at $8,396,572. 0.08% of the stock is currently owned by company 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.