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.

Agnico Eagle Mines Price Performance

Shares of TSE:AEM traded down C$0.40 during trading hours on Monday, hitting C$58.65. 856,722 shares of the stock were exchanged, compared to its average volume of 1,528,000. The company has a debt-to-equity ratio of 9.68, a quick ratio of 1.29 and a current ratio of 2.58. The company has a market cap of C$26.73 billion and a PE ratio of 26.19. The company's fifty day simple moving average is C$59.36 and its two-hundred day simple moving average is C$67.53. Agnico Eagle Mines has a 1-year low of C$48.88 and a 1-year high of C$84.66.

Agnico Eagle Mines (TSE:AEM - Get Rating) (NYSE:AEM) last posted its quarterly earnings results on Wednesday, July 27th. The company reported C$0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.74 by C$0.22. The firm had revenue of C$2.02 billion for the quarter, compared to analyst estimates of C$2.04 billion. On average, sell-side 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 given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, May 31st. This represents a $1.60 annualized dividend and a dividend yield of 2.73%. Agnico Eagle Mines's dividend payout ratio is 67.57%.

Wall Street Analyst Weigh In

AEM has been the topic of a number of analyst reports. Canaccord Genuity Group increased their target price on shares of Agnico Eagle Mines from C$84.00 to C$96.00 in a research report on Friday, April 22nd. Eight Capital increased their target price on shares of 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. Finally, National Bankshares decreased their target price on shares of Agnico Eagle Mines from C$75.00 to C$74.00 and set an "outperform" rating on the stock in a research report on Thursday, August 4th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of C$89.10.