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

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

Several research firms recently commented on AEM. Stifel Nicolaus cut their price target on Agnico Eagle Mines from C$350.00 to C$310.00 in a report on Friday, July 17th. National Bank Financial reduced their price objective on Agnico Eagle Mines from C$350.00 to C$275.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 14th. Barclays lowered their price objective on Agnico Eagle Mines from C$298.00 to C$266.00 in a research note on Thursday, July 16th. Finally, Jefferies Financial Group upgraded Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th.

Insider Buying and Selling at Agnico Eagle Mines

In other news, Director John Merfyn Roberts sold 1,500 shares of the business’s 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. The trade was a 8.48% decrease in their position. Insiders own 0.08% of the company’s stock.

Agnico Eagle Mines Stock Performance

AEM opened at C$269.83 on Monday. Agnico Eagle Mines has a twelve month low of C$188.48 and a twelve month high of C$348.94. The firm has a market capitalization of C$136.63 billion, a PE ratio of 23.10, a PEG ratio of 22.97 and a beta of 2.00. The company has a current ratio of 2.86, a quick ratio of 0.89 and a debt-to-equity ratio of 1.12. The firm’s 50-day moving average price is C$269.39 and its 200 day moving average price is C$253.34.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its earnings results on Wednesday, July 29th. The company reported C$4.33 earnings per share for the quarter. The business had revenue of C$5.53 billion for the quarter. Agnico Eagle Mines had a net margin of 40.45% and a return on equity of 22.69%. As a group, sell-side analysts expect that Agnico Eagle Mines will post 5.50 EPS for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

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

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.