Agnico Eagle Mines (TSE:AEM) Rating Increased to Strong-Buy at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) from a hold rating to a strong-buy rating in a research report report published on Monday morning,Zacks.com reports.

Several other equities research analysts have also recently commented on the stock. Barclays set a C$292.00 price target on shares of Agnico Eagle Mines and gave the stock an “overweight” rating in a research report on Friday, May 22nd. Erste Group Bank cut shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. BMO Capital Markets increased their target price on shares of Agnico Eagle Mines from C$350.00 to C$370.00 in a research note on Wednesday, April 22nd. ATB Cormark Capital Markets upgraded shares of Agnico Eagle Mines from a “sector” rating to an “outperform” rating in a research report on Monday, May 4th. Finally, JPMorgan Chase & Co. dropped their price target on Agnico Eagle Mines from C$321.00 to C$300.00 in a report on Thursday, April 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$318.83.

Agnico Eagle Mines Trading Down 2.4%

TSE:AEM traded down C$5.35 on Monday, reaching C$215.03. The stock had a trading volume of 88,381 shares, compared to its average volume of 1,018,042. Agnico Eagle Mines has a 12-month low of C$157.68 and a 12-month high of C$348.94. The company has a market cap of C$107.73 billion, a price-to-earnings ratio of 20.25, a P/E/G ratio of 22.97 and a beta of 1.84. The firm’s fifty day moving average is C$241.54 and its two-hundred day moving average is C$267.04. The company has a debt-to-equity ratio of 1.21, a current ratio of 3.15 and a quick ratio of 0.89.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its quarterly earnings results on Thursday, April 30th. The company reported C$4.73 EPS for the quarter. Agnico Eagle Mines had a net margin of 39.48% and a return on equity of 22.08%. The business had revenue of C$5.70 billion during the quarter. Equities analysts expect that Agnico Eagle Mines will post 5.4966052 EPS for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.80 annualized dividend and a yield of 0.8%. Agnico Eagle Mines’s dividend payout ratio is currently 15.54%.

About Agnico Eagle Mines

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.