Agnico Eagle Mines Limited (TSE:AEM) Receives C$235.00 Average PT from Analysts

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) has been given an average rating of “Buy” by the eight brokerages that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and five have given a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$235.00.

AEM has been the topic of several recent analyst reports. Stifel Nicolaus boosted their target price on shares of Agnico Eagle Mines from C$195.00 to C$300.00 in a research note on Monday, October 20th. Royal Bank Of Canada downgraded shares of Agnico Eagle Mines from a “moderate buy” rating to a “hold” rating in a report on Wednesday, December 10th. Finally, National Bankshares upped their price objective on shares of Agnico Eagle Mines from C$285.00 to C$300.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 9th.

Insiders Place Their Bets

In other Agnico Eagle Mines news, insider Ammar Al-Joundi sold 20,000 shares of Agnico Eagle Mines stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of C$243.40, for a total value of C$4,868,000.00. Following the completion of the transaction, the insider owned 54,917 shares in the company, valued at approximately C$13,366,797.80. The trade was a 26.70% decrease in their position. 0.08% of the stock is owned by corporate insiders.

Agnico Eagle Mines Stock Up 3.1%

TSE AEM opened at C$241.25 on Friday. Agnico Eagle Mines has a 1-year low of C$113.91 and a 1-year high of C$263.23. The company has a market capitalization of C$121.12 billion, a price-to-earnings ratio of 35.27, a PEG ratio of 22.97 and a beta of 1.42. The stock’s 50 day moving average is C$234.06 and its two-hundred day moving average is C$209.94. The company has a current ratio of 1.75, a quick ratio of 0.89 and a debt-to-equity ratio of 7.88.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its earnings results on Wednesday, October 29th. The company reported C$3.01 earnings per share (EPS) for the quarter. The business had revenue of C$4.26 billion during the quarter. Agnico Eagle Mines had a return on equity of 5.05% and a net margin of 12.86%. Equities analysts forecast that Agnico Eagle Mines will post 5.4966052 earnings per share for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 15th were given a dividend of $0.40 per share. The ex-dividend date was Monday, December 1st. This represents a $1.60 dividend on an annualized basis and a yield of 0.7%. Agnico Eagle Mines’s dividend payout ratio is 23.39%.

About Agnico Eagle Mines

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. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions.