Agnico Eagle Mines Limited (TSE:AEM) Receives Consensus Rating of "Buy" from Analysts

Agnico Eagle Mines Limited (TSE:AEM - Get Free Report) NYSE: AEM has been assigned an average recommendation of "Buy" from the seven research firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating, two have given a buy rating and four have given a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$152.00.

A number of brokerages have recently commented on AEM. Stifel Nicolaus boosted their price objective on shares of Agnico Eagle Mines from C$185.00 to C$195.00 in a research report on Monday, April 28th. 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 report on Wednesday, March 19th. Stifel Canada upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a research note on Wednesday, March 19th. 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. Finally, National Bank Financial upgraded Agnico Eagle Mines to a "strong-buy" rating in a report on Friday, March 21st.

Insider Activity at Agnico Eagle Mines

In other news, Senior Officer Guy Gosselin sold 3,527 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of C$157.50, for a total transaction of C$555,502.50. Also, Senior Officer Christopher Charles Norman Vollmershausen sold 5,000 shares of the business's stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of C$170.54, for a total value of C$852,700.00. Over the last quarter, insiders have sold 45,632 shares of company stock valued at $7,657,810. Insiders own 0.08% of the company's stock.

Agnico Eagle Mines Stock Up 1.6%

Shares of AEM stock traded up C$2.56 during trading on Wednesday, reaching C$163.99. The company's stock had a trading volume of 683,442 shares, compared to its average volume of 1,049,095. The business has a fifty day moving average price of C$161.78 and a 200-day moving average price of C$148.50. The company has a quick ratio of 0.89, a current ratio of 1.75 and a debt-to-equity ratio of 7.88. The company has a market cap of C$57.98 billion, a price-to-earnings ratio of 57.61, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10. Agnico Eagle Mines has a one year low of C$99.05 and a one year high of C$175.33.

Agnico Eagle Mines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 16th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.60 annualized dividend and a yield of 0.98%. Agnico Eagle Mines's dividend payout ratio (DPR) is presently 76.24%.

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.