Agnico Eagle Mines Limited (TSE:AEM) Given Consensus Rating of "Buy" by Brokerages

Agnico Eagle Mines Limited (TSE:AEM - Get Free Report) NYSE: AEM has earned a consensus recommendation of "Buy" from the eight research firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating, three have given a buy rating and four have assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$139.67.

Several research firms have recently weighed in on AEM. BMO Capital Markets upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a research note on Tuesday, April 15th. Stifel Nicolaus boosted their price objective on shares of Agnico Eagle Mines from C$185.00 to C$195.00 in a research note on Monday. UBS Group lowered shares of Agnico Eagle Mines from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 31st. National Bankshares boosted their price objective on shares of Agnico Eagle Mines from C$160.00 to C$190.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 19th. Finally, Royal Bank of Canada boosted their price objective 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.

Insider Buying and Selling at Agnico Eagle Mines

In other news, Senior Officer Carol-Ann Plummer-Theriault sold 5,000 shares of the business's stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of C$150.99, for a total transaction of C$754,950.00. Also, Senior Officer Dominique Girard sold 10,000 shares of the business's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of C$148.32, for a total value of C$1,483,200.00. Insiders sold 26,625 shares of company stock valued at $3,958,905 in the last three months. Corporate insiders own 0.08% of the company's stock.

Agnico Eagle Mines Stock Up 0.6 %

TSE:AEM traded up C$1.04 on Friday, hitting C$162.03. 1,218,112 shares of the company's stock were exchanged, compared to its average volume of 1,082,671. The firm has a 50-day moving average price of C$152.01 and a 200-day moving average price of C$132.41. The company has a debt-to-equity ratio of 7.88, a current ratio of 1.75 and a quick ratio of 0.89. Agnico Eagle Mines has a 52 week low of C$86.66 and a 52 week high of C$175.33. The company has a market cap of C$57.29 billion, a P/E ratio of 56.93, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10.

Agnico Eagle Mines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, March 14th were issued a $0.40 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.60 annualized dividend and a yield of 0.99%. Agnico Eagle Mines's dividend payout ratio is presently 76.24%.

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.