Agnico Eagle Mines Limited (TSE:AEM) Given Average Rating of "Buy" by Analysts

Agnico Eagle Mines Limited (TSE:AEM - Get Free Report) NYSE: AEM has earned an average recommendation of "Buy" from the seven brokerages that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating, two have assigned a buy rating and four have assigned a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$144.60.

A number of research analysts have issued reports on the company. UBS Group downgraded Agnico Eagle Mines from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 31st. National Bank Financial raised Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, March 21st. Cfra Research raised Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, April 25th. National Bankshares upped their price target on Agnico Eagle Mines from C$160.00 to C$190.00 and gave the company an "outperform" rating in a research report on Wednesday, March 19th. Finally, BMO Capital Markets raised Agnico Eagle Mines to a "strong-buy" rating in a research report on Tuesday, April 15th.

Agnico Eagle Mines Trading Up 1.3%

AEM stock traded up C$2.09 during mid-day trading on Wednesday, reaching C$161.06. The company's stock had a trading volume of 718,706 shares, compared to its average volume of 1,053,036. The company has a market cap of C$56.95 billion, a price-to-earnings ratio of 56.59, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10. The business's 50 day moving average price is C$161.48 and its 200 day moving average price is C$147.48. 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$96.68 and a 12 month high of C$175.33.

Agnico Eagle Mines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 16th were paid a $0.40 dividend. The ex-dividend date was Friday, May 30th. This represents a $1.60 dividend on an annualized basis and a yield of 0.99%. Agnico Eagle Mines's dividend payout ratio is currently 76.24%.

Insiders Place Their Bets

In other news, Director Sean Boyd sold 5,200 shares of the stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of C$161.51, for a total transaction of C$839,852.00. Also, Senior Officer Jean Robitaille sold 11,904 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of C$170.50, for a total value of C$2,029,632.00. Over the last three months, insiders sold 45,632 shares of company stock worth $7,657,810. 0.08% of the stock is owned by corporate insiders.

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.