Agnico Eagle Mines Limited (TSE:AEM) Stock Has Average Target Price of C$295.33 According to Brokerages

Key Points

• Agnico Eagle Mines has a “Moderate Buy” consensus from nine analysts, with four buy ratings, two strong-buy ratings and three holds. The average 12-month price target is C$295.33 versus a recent share price of C$262.20.
• Analysts recently adjusted their views: National Bank Financial, Barclays and Stifel Nicolaus lowered price targets, while Jefferies upgraded the stock from “hold” to “strong buy.”
• The company reported quarterly EPS of C$4.33 on C$5.53 billion in revenue and declared a C$0.45 quarterly dividend, equivalent to a 0.7% annualized yield.

Shares of Agnico Eagle Mines Limited (TSE:AEM - Get Free Report) NYSE: AEM have received a consensus recommendation of "Moderate Buy" from the nine ratings firms that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$295.33.

AEM has been the subject of a number of analyst reports. National Bank Financial decreased their price target on Agnico Eagle Mines from C$350.00 to C$275.00 and set an "outperform" rating for the company in a report on Tuesday, July 14th. Barclays dropped their price objective on shares of Agnico Eagle Mines from C$298.00 to C$266.00 in a research note on Thursday, July 16th. Jefferies Financial Group raised shares of Agnico Eagle Mines from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 6th. Finally, Stifel Nicolaus decreased their target price on shares of Agnico Eagle Mines from C$350.00 to C$310.00 in a research note on Friday, July 17th.

Insider Transactions at Agnico Eagle Mines

In other news, Director John Merfyn Roberts sold 1,500 shares of the stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of C$273.35, for a total transaction of C$410,025.00. Following the transaction, the director owned 16,182 shares of the company's stock, valued at approximately C$4,423,349.70. This trade represents a 8.48% decrease in their ownership of the stock. 0.08% of the stock is owned by corporate insiders.

Agnico Eagle Mines Stock Performance

Shares of AEM stock opened at C$262.20 on Monday. The company has a quick ratio of 0.89, a current ratio of 2.86 and a debt-to-equity ratio of 1.12. Agnico Eagle Mines has a fifty-two week low of C$188.48 and a fifty-two week high of C$348.94. The firm's 50 day moving average price is C$263.64 and its two-hundred day moving average price is C$253.31. The stock has a market cap of C$131.36 billion, a price-to-earnings ratio of 22.45, a price-to-earnings-growth ratio of 22.97 and a beta of 2.02.

Agnico Eagle Mines (TSE:AEM - Get Free Report) NYSE: AEM last announced its quarterly earnings results on Wednesday, July 29th. The company reported C$4.33 earnings per share (EPS) for the quarter. The firm had revenue of C$5.53 billion during the quarter. Agnico Eagle Mines had a return on equity of 22.69% and a net margin of 40.45%. On average, analysts anticipate that Agnico Eagle Mines will post 5.4966052 EPS for the current year.

Agnico Eagle Mines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 15th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Tuesday, September 1st. Agnico Eagle Mines's payout ratio is 14.55%.

Agnico Eagle Mines Company Profile

Canadian-based and led, Agnico Eagle is Canada's largest mining company and the second largest gold producer in the world, operating mines in Canada, Australia, Finland and Mexico. The Company is advancing a pipeline of high-quality development projects in these regions to support sustainable growth over the next decade. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading sustainability practices. Agnico Eagle was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.

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