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 been assigned an average rating of "Buy" from the seven analysts that are covering the firm, MarketBeat Ratings reports. One investment 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 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$144.60.

AEM has been the topic of a number of research analyst reports. National Bank Financial raised Agnico Eagle Mines to a "strong-buy" rating in a report on Friday, March 21st. Raymond James Financial raised Agnico Eagle Mines to a "moderate buy" rating in a report on Monday, June 30th. BMO Capital Markets raised Agnico Eagle Mines to a "strong-buy" rating in a report on Tuesday, April 15th. UBS Group downgraded Agnico Eagle Mines from a "strong-buy" rating to a "hold" rating in a report on Monday, March 31st. Finally, Stifel Nicolaus increased their target price on Agnico Eagle Mines from C$185.00 to C$195.00 in a report on Monday, April 28th.

Agnico Eagle Mines Stock Down 0.6%

Agnico Eagle Mines stock traded down C$0.94 during mid-day trading on Wednesday, hitting C$160.12. The company had a trading volume of 359,169 shares, compared to its average volume of 1,047,533. The company has a current ratio of 1.75, a quick ratio of 0.89 and a debt-to-equity ratio of 7.88. The stock's 50 day moving average price is C$161.46 and its two-hundred day moving average price is C$147.57. Agnico Eagle Mines has a 12 month low of C$98.93 and a 12 month high of C$175.33. The company has a market capitalization of C$56.62 billion, a PE ratio of 56.26, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10.

Agnico Eagle Mines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 16th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date was Friday, May 30th. Agnico Eagle Mines's payout ratio is presently 76.24%.

Insider Activity at Agnico Eagle Mines

In other news, Senior Officer Guy Gosselin sold 3,527 shares of the firm'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 value of C$555,502.50. Also, Director Sean Boyd sold 5,200 shares of the firm's stock in a transaction that occurred 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. Insiders sold 45,632 shares of company stock valued at $7,657,810 in the last 90 days. 0.08% of the stock is currently owned by 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.