Brokerages Set Agnico Eagle Mines Limited (TSE:AEM) Target Price at C$163.33

Key Points

• Agnico Eagle Mines Limited (TSE:AEM) has received a consensus rating of "Strong Buy" from eight research firms, with five analysts rating it as a strong buy.
• The company's stock recently traded at C$222.13, reflecting a 4.3% increase, and it has a market capitalization of C$111.84 billion.
• Agnico Eagle Mines announced a quarterly dividend of $0.40 per share, resulting in a 0.7% yield, with a dividend payout ratio of 27.21%.

Agnico Eagle Mines Limited (TSE:AEM - Get Free Report) NYSE: AEM has earned a consensus rating of "Strong Buy" from the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and five have given a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$163.33.

AEM has been the topic of a number of research analyst reports. TD Securities raised Agnico Eagle Mines to a "strong-buy" rating in a report on Thursday, July 17th. Raymond James Financial upgraded Agnico Eagle Mines to a "moderate buy" rating in a research note on Monday, June 30th.

Agnico Eagle Mines Stock Up 0.3%

Shares of Agnico Eagle Mines stock traded up C$0.65 during trading hours on Monday, reaching C$222.78. 1,507,438 shares of the company were exchanged, compared to its average volume of 1,030,871. The stock's fifty day moving average is C$189.71 and its 200 day moving average is C$169.58. The firm has a market cap of C$112.17 billion, a PE ratio of 37.89, a PEG ratio of 22.97 and a beta of 1.02. The company has a debt-to-equity ratio of 7.88, a quick ratio of 0.89 and a current ratio of 1.75. Agnico Eagle Mines has a 1 year low of C$104.99 and a 1 year high of C$226.79.

Agnico Eagle Mines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 15th were paid a dividend of $0.40 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.7%. Agnico Eagle Mines's dividend payout ratio is currently 27.21%.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines is a gold miner operating mines in Canada, Mexico, and Finland. It also owns 50% of the Canadian Malartic mine. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines on line in rapid succession in the following years. The company produced more than 1.7 million gold ounces in 2020.