Brokerages Set Agnico Eagle Mines Limited (TSE:AEM) Target Price at C$105.14

Shares of Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) have been assigned an average rating of “Buy” from the five brokerages that are currently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$105.14.

Several equities research analysts recently commented on the company. Canaccord Genuity Group lifted their price objective on Agnico Eagle Mines from C$105.00 to C$118.00 in a report on Tuesday, July 23rd. National Bankshares set a C$104.00 target price on shares of Agnico Eagle Mines and gave the company an “outperform” rating in a research note on Monday, June 24th. Eight Capital upped their target price on shares of Agnico Eagle Mines from C$105.00 to C$115.00 in a research note on Thursday, July 11th. Cormark upped their target price on shares of Agnico Eagle Mines from C$110.00 to C$115.00 in a research note on Monday, June 24th. Finally, UBS Group upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a research note on Tuesday.

Agnico Eagle Mines Stock Performance

TSE:AEM opened at C$112.72 on Wednesday. The stock has a market cap of C$56.48 billion, a P/E ratio of 71.34, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10. The firm’s fifty day simple moving average is C$105.86 and its 200 day simple moving average is C$92.58. Agnico Eagle Mines has a twelve month low of C$59.36 and a twelve month high of C$114.76. 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 announced its quarterly earnings data on Wednesday, July 31st. The company reported C$1.46 EPS for the quarter, beating the consensus estimate of C$1.27 by C$0.19. The business had revenue of C$2.84 billion during the quarter, compared to analyst estimates of C$2.36 billion. Agnico Eagle Mines had a return on equity of 3.10% and a net margin of 8.49%. As a group, research analysts predict that Agnico Eagle Mines will post 5.5012201 EPS for the current year.

Agnico Eagle Mines Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were given a dividend of $0.547 per share. This is an increase from Agnico Eagle Mines’s previous quarterly dividend of $0.40. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date was Friday, August 30th. Agnico Eagle Mines’s dividend payout ratio is currently 137.34%.

Insider Activity

In other Agnico Eagle Mines 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. In other news, Senior Officer Dominique Girard sold 20,000 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of C$113.49, for a total transaction of C$2,269,800.00. Also, Director John Merfyn Roberts sold 2,000 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of C$112.32, for a total value of C$224,640.00. In the last ninety days, insiders sold 101,000 shares of company stock worth $10,906,117. 0.08% of the stock is currently 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.