Agnico Eagle Mines Limited (TSE:AEM) Stock Has Consensus Target Price of C$292.71

Shares of Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) have been given an average rating of “Buy” by the eleven brokerages that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and three have given a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$292.00.

AEM has been the topic of a number of recent research reports. Barclays cut their target price on Agnico Eagle Mines from C$298.00 to C$266.00 in a research note on Thursday, July 16th. National Bank Financial decreased their price target on Agnico Eagle Mines from C$310.00 to C$305.00 and set an “outperform” rating for the company in a research note on Friday, October 30th. TD dropped their target price on shares of Agnico Eagle Mines from C$244.00 to C$242.00 and set a “buy” rating on the stock in a report on Tuesday, October 20th. Freedom Broker upgraded Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a report on Monday. Finally, Stifel Nicolaus decreased their target price on Agnico Eagle Mines from C$350.00 to C$310.00 in a report on Friday, July 17th.

Agnico Eagle Mines Trading Up 3.3%

AEM opened at C$264.85 on Friday. Agnico Eagle Mines has a 52-week low of C$188.48 and a 52-week high of C$348.94. The company has a quick ratio of 0.89, a current ratio of 2.75 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of C$133.89 billion, a P/E ratio of 21.59, a P/E/G ratio of 22.97 and a beta of 2.11. The firm’s 50 day moving average is C$266.02 and its 200-day moving average is C$262.32.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its earnings results on Wednesday, October 28th. The company reported C$3.72 EPS for the quarter. The company had revenue of C$5.10 billion during the quarter. Agnico Eagle Mines had a return on equity of 22.64% and a net margin of 41.00%. Analysts expect that Agnico Eagle Mines will post 5.50 EPS for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 15th were given a $0.45 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.7%. Agnico Eagle Mines’s dividend payout ratio (DPR) is 14.26%.

Insiders Place Their Bets

In other Agnico Eagle Mines news, Director John Merfyn Roberts sold 1,500 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of C$273.35, for a total transaction of C$410,025.00. Following the sale, the director owned 16,182 shares in the company, valued at approximately C$4,423,349.70. The trade was a 8.48% decrease in their position. Corporate insiders own 0.08% of the company’s stock.

Agnico Eagle Mines Company Profile

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.