Shares of Agnico Eagle Mines Limited (TSE:AEM - Get Free Report) NYSE: AEM have been given a consensus rating of "Moderate Buy" by the seven brokerages that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is C$324.20.
Several research firms recently weighed in on AEM. BMO Capital Markets increased their target price on shares of Agnico Eagle Mines from C$350.00 to C$370.00 in a research note on Wednesday, April 22nd. National Bank Financial upped their price target on Agnico Eagle Mines from C$345.00 to C$350.00 and gave the company a "sector outperform" rating in a report on Monday. Stifel Nicolaus raised their price objective on Agnico Eagle Mines from C$300.00 to C$350.00 and gave the stock a "buy" rating in a research report on Tuesday, February 10th. TD Securities lifted their price objective on Agnico Eagle Mines from C$241.00 to C$251.00 and gave the stock a "buy" rating in a report on Tuesday, February 17th. Finally, Erste Group Bank cut Agnico Eagle Mines from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 24th.
Get Our Latest Analysis on AEM
Insider Transactions at Agnico Eagle Mines
In other news, insider Guy Gosselin sold 4,947 shares of the stock in a transaction on Friday, February 20th. The shares were sold at an average price of C$310.00, for a total value of C$1,533,570.00. Following the completion of the transaction, the insider owned 31,381 shares in the company, valued at approximately C$9,728,110. This represents a 13.62% decrease in their position. 0.08% of the stock is owned by company insiders.
Agnico Eagle Mines Price Performance
TSE:AEM opened at C$256.56 on Friday. The stock has a market cap of C$128.29 billion, a P/E ratio of 24.16, a PEG ratio of 22.97 and a beta of 1.87. Agnico Eagle Mines has a one year low of C$144.21 and a one year high of C$348.94. The company has a fifty day moving average price of C$286.49 and a 200 day moving average price of C$265.08. The company has a debt-to-equity ratio of 1.21, a current ratio of 3.15 and a quick ratio of 0.89.
Agnico Eagle Mines (TSE:AEM - Get Free Report) NYSE: AEM last posted its quarterly earnings results on Thursday, April 30th. The company reported C$4.73 earnings per share (EPS) for the quarter. Agnico Eagle Mines had a net margin of 39.48% and a return on equity of 22.08%. The company had revenue of C$5.70 billion for the quarter. Analysts anticipate that Agnico Eagle Mines will post 5.4966052 earnings per share for the current year.
Agnico Eagle Mines Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 16th were paid a dividend of $0.45 per share. This is an increase from Agnico Eagle Mines's previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Monday, March 2nd. Agnico Eagle Mines's dividend payout ratio is presently 15.54%.
About Agnico Eagle Mines
(
Get Free Report)
Canadian-based and led, Agnico Eagle is Canada's largest mining company and the second largest gold producer in the world, operating mines in Canada, Australia, Finland and Mexico. The Company is advancing a pipeline of high-quality development projects in these regions to support sustainable growth over the next decade. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading sustainability practices. Agnico Eagle was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.
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