Brokerages Set Agnico Eagle Mines Limited (TSE:AEM) Target Price at C$128.71

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) has received a consensus recommendation of “Buy” from the seven brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$128.71.

Several equities analysts have recently issued reports on AEM shares. National Bankshares boosted their target price on Agnico Eagle Mines from C$160.00 to C$190.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 19th. National Bank Financial raised Agnico Eagle Mines to a “strong-buy” rating in a research note on Friday, March 21st. Stifel Canada upgraded Agnico Eagle Mines to a “strong-buy” rating in a report on Wednesday, March 19th. Royal Bank of Canada raised their price target on shares of Agnico Eagle Mines to C$105.00 and gave the stock a “buy” rating in a research note on Thursday, March 6th. Finally, UBS Group cut shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research report on Monday.

Insider Activity

In other Agnico Eagle Mines news, Senior Officer Guy Gosselin sold 22,500 shares of the firm’s stock in a transaction on Thursday, January 9th. The stock was sold at an average price of C$121.80, for a total transaction of C$2,740,500.00. Also, Director John Merfyn Roberts sold 2,000 shares of Agnico Eagle Mines stock in a transaction on Monday, January 13th. The stock was sold at an average price of C$118.43, for a total transaction of C$236,860.00. In the last ninety days, insiders have sold 71,125 shares of company stock valued at $9,315,117. 0.08% of the stock is owned by company insiders.

Agnico Eagle Mines Stock Down 0.6 %

TSE:AEM opened at C$153.99 on Monday. The company has a quick ratio of 0.89, a current ratio of 1.75 and a debt-to-equity ratio of 7.88. Agnico Eagle Mines has a 12-month low of C$81.75 and a 12-month high of C$158.10. The stock’s fifty day simple moving average is C$142.20 and its 200-day simple moving average is C$124.88. The firm has a market capitalization of C$54.45 billion, a P/E ratio of 54.10, a P/E/G ratio of 22.97 and a beta of 1.10.

Agnico Eagle Mines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, March 14th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date was Friday, February 28th. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 76.24%.

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.