Agnico Eagle Mines Limited (TSE:AEM) Receives Average Recommendation of "Buy" from Analysts

Shares of Agnico Eagle Mines Limited (TSE:AEM - Get Free Report) NYSE: AEM have earned an average recommendation of "Buy" from the eight analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and four have given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$139.67.

AEM has been the subject of several recent analyst reports. Stifel Nicolaus upped their target price on shares of Agnico Eagle Mines from C$185.00 to C$195.00 in a research note on Monday, April 28th. Stifel Canada upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a research report on Wednesday, March 19th. Cfra Research raised Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, April 25th. National Bankshares lifted their target price on Agnico Eagle Mines from C$160.00 to C$190.00 and gave the stock an "outperform" rating in a report on Wednesday, March 19th. Finally, BMO Capital Markets upgraded Agnico Eagle Mines to a "strong-buy" rating in a report on Tuesday, April 15th.

Insider Activity at Agnico Eagle Mines

In related news, Director Sean Boyd sold 5,200 shares of the business's stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of C$161.51, for a total value of C$839,852.00. Also, Senior Officer Guy Gosselin sold 3,527 shares of the company's stock in a transaction on Monday, May 5th. The shares were sold at an average price of C$157.50, for a total transaction of C$555,502.50. Insiders sold a total of 29,728 shares of company stock worth $4,566,968 in the last quarter. 0.08% of the stock is owned by insiders.

Agnico Eagle Mines Trading Up 1.6%

Shares of TSE:AEM traded up C$2.53 during midday trading on Tuesday, hitting C$161.48. The company had a trading volume of 862,681 shares, compared to its average volume of 1,078,713. The company has a current ratio of 1.75, a quick ratio of 0.89 and a debt-to-equity ratio of 7.88. Agnico Eagle Mines has a 12 month low of C$86.66 and a 12 month high of C$175.33. The firm has a fifty day simple moving average of C$156.36 and a 200 day simple moving average of C$136.78. The stock has a market cap of C$57.10 billion, a price-to-earnings ratio of 56.73, a PEG ratio of 22.97 and a beta of 1.10.

Agnico Eagle Mines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 16th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. Agnico Eagle Mines's dividend payout ratio (DPR) 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.