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

Shares of Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) have received a consensus rating of “Buy” from the five ratings firms that are covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$116.00.

A number of brokerages have recently issued reports on AEM. Stifel Nicolaus increased their target price on Agnico Eagle Mines from C$114.00 to C$140.00 in a report on Monday, October 21st. UBS Group upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a research note on Tuesday, September 17th. Finally, National Bankshares raised their price target 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.

Insider Activity at Agnico Eagle Mines

In other news, Senior Officer Christopher Charles Norman Vollmershausen sold 15,072 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of C$110.27, for a total transaction of C$1,661,989.44. Also, Senior Officer Jean Robitaille sold 10,000 shares of Agnico Eagle Mines stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of C$122.00, for a total value of C$1,220,000.00. Over the last three months, insiders sold 59,972 shares of company stock valued at $6,808,814. 0.08% of the stock is owned by corporate insiders.

Agnico Eagle Mines Stock Down 0.3 %

Shares of AEM stock opened at C$113.01 on Friday. Agnico Eagle Mines has a 12 month low of C$60.17 and a 12 month high of C$123.86. The company has a quick ratio of 0.89, a current ratio of 1.51 and a debt-to-equity ratio of 9.94. The firm has a market cap of C$56.62 billion, a PE ratio of 70.63, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10. The stock has a 50 day moving average of C$116.78 and a 200-day moving average of C$107.13.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its earnings results on Wednesday, October 30th. The company reported C$1.56 earnings per share 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 during the quarter, compared to analysts’ expectations of C$2.50 billion. On average, equities analysts predict that Agnico Eagle Mines will post 5.4966052 EPS for the current year.

Agnico Eagle Mines Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.60 dividend on an annualized basis and a yield of 1.42%. Agnico Eagle Mines’s dividend payout ratio is 135.63%.

Agnico Eagle Mines Company Profile

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.