Agnico Eagle Mines Limited (TSE:AEM) Receives Average Rating of “Buy” from Analysts

Shares of Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) have been given a consensus rating of “Buy” by the five brokerages that are covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation. The average twelve-month price target among analysts that have covered the stock in the last year is C$82.86.

Several equities analysts have commented on AEM shares. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Agnico Eagle Mines in a research report on Wednesday, January 3rd. TD Securities cut their price objective on Agnico Eagle Mines to C$62.00 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. National Bankshares upped their price objective on Agnico Eagle Mines from C$84.00 to C$85.00 and gave the company an “outperform” rating in a research report on Tuesday, February 20th. Stifel Nicolaus upped their price objective on Agnico Eagle Mines from C$91.00 to C$94.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Finally, Cormark cut their price objective on Agnico Eagle Mines from C$97.00 to C$90.00 in a research report on Tuesday, February 20th.

Agnico Eagle Mines Stock Down 0.8 %

AEM stock opened at C$83.79 on Thursday. Agnico Eagle Mines has a twelve month low of C$59.36 and a twelve month high of C$85.24. The company has a quick ratio of 0.89, a current ratio of 2.09 and a debt-to-equity ratio of 10.32. The stock has a market cap of C$41.75 billion, a P/E ratio of 15.63, a PEG ratio of 22.97 and a beta of 1.07. The business’s 50-day moving average price is C$71.90 and its 200-day moving average price is C$69.28.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last posted its quarterly earnings results on Thursday, February 15th. The company reported C$0.78 EPS for the quarter, topping analysts’ consensus estimates of C$0.65 by C$0.13. Agnico Eagle Mines had a return on equity of 10.89% and a net margin of 29.29%. The company had revenue of C$2.39 billion for the quarter, compared to analysts’ expectations of C$2.04 billion. On average, equities research analysts forecast that Agnico Eagle Mines will post 3.5183946 EPS for the current year.

Agnico Eagle Mines Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a $0.537 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.15 dividend on an annualized basis and a yield of 2.56%. Agnico Eagle Mines’s dividend payout ratio is currently 40.11%.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.