Agnico Eagle Mines - AEM Stock Forecast, Price & News

Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. It operates through Northern Business and Southern Business segments. The company primarily produces and sells gold deposits, as well as explores for silver, zinc, and copper deposits. Its flagship property is the LaRonde mine located in the Abitibi region of northwestern Quebec, Canada. As of December 31, 2021, the company's LaRonde mine had proven and probable mineral reserves of approximately 3.0 million ounces of gold. It is also involved in exploration activities in Europe, Latin America, and the United States. The company was incorporated in 1953 and is headquartered in Toronto, Canada.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Canaccord Genuity Group upped their price target on Agnico Eagle Mines from C$84.00 to C$96.00 in a research report on Friday, April 22nd. National Bankshares reduced their price target on Agnico Eagle Mines from C$75.00 to C$74.00 and set an "outperform" rating for the company in a research report on Thursday, August 4th. Finally, Eight Capital upped their price target on Agnico Eagle Mines from C$100.00 to C$105.00 and gave the stock a "buy" rating in a research report on Thursday, April 21st. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of C$89.10.

Agnico Eagle Mines Price Performance

Shares of TSE:AEM traded down C$0.71 during trading on Tuesday, hitting C$57.94. 428,157 shares of the company's stock were exchanged, compared to its average volume of 1,527,585. The company has a debt-to-equity ratio of 9.68, a current ratio of 2.58 and a quick ratio of 1.29. Agnico Eagle Mines has a 52-week low of C$48.88 and a 52-week high of C$84.66. The business's 50-day simple moving average is C$59.19 and its 200 day simple moving average is C$67.53. The company has a market cap of C$26.41 billion and a price-to-earnings ratio of 26.42.

Agnico Eagle Mines (TSE:AEM - Get Rating) (NYSE:AEM) last announced its quarterly earnings results on Wednesday, July 27th. The company reported C$0.96 EPS for the quarter, beating analysts' consensus estimates of C$0.74 by C$0.22. The firm had revenue of C$2.02 billion for the quarter, compared to the consensus estimate of C$2.04 billion. As a group, equities analysts predict that Agnico Eagle Mines will post 4.0100002 EPS for the current year.

Agnico Eagle Mines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Wednesday, June 15th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend was Tuesday, May 31st. Agnico Eagle Mines's payout ratio is presently 67.57%.