Agnico Eagle Mines Limited (TSE:AEM) Given Consensus Rating of “Buy” by Analysts

Agnico Eagle Mines Limited (TSE:AEMGet Free Report) (NYSE:AEM) has been assigned a consensus recommendation of “Buy” from the five ratings firms that are presently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$97.50.

Several research firms have issued reports on AEM. Stifel Nicolaus increased their price objective on Agnico Eagle Mines from C$94.00 to C$104.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Veritas Investment Research increased their price objective on Agnico Eagle Mines from C$88.40 to C$118.00 in a research report on Friday, April 12th. Canaccord Genuity Group increased their price objective on Agnico Eagle Mines from C$92.00 to C$105.00 in a research report on Tuesday, April 23rd. National Bank Financial reiterated an “outperform overweight” rating on shares of Agnico Eagle Mines in a research report on Monday, April 8th. Finally, National Bankshares dropped their price target on Agnico Eagle Mines from C$105.00 to C$104.00 and set an “outperform” rating for the company in a research report on Friday, April 19th.

Read Our Latest Analysis on AEM

Agnico Eagle Mines Price Performance

Shares of TSE AEM opened at C$93.87 on Friday. The company has a current ratio of 2.21, a quick ratio of 0.89 and a debt-to-equity ratio of 10.14. Agnico Eagle Mines has a twelve month low of C$59.36 and a twelve month high of C$96.20. The stock has a 50 day moving average of C$87.74 and a two-hundred day moving average of C$75.64. The stock has a market cap of C$46.77 billion, a P/E ratio of 86.92, a P/E/G ratio of 22.97 and a beta of 1.04.

Agnico Eagle Mines (TSE:AEMGet Free Report) (NYSE:AEM) last released its earnings results on Thursday, April 25th. The company reported C$1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.82 by C$0.20. The business had revenue of C$2.47 billion for the quarter, compared to analyst estimates of C$2.20 billion. Agnico Eagle Mines had a return on equity of 2.39% and a net margin of 6.79%. On average, research analysts forecast that Agnico Eagle Mines will post 4.3937412 earnings per share for the current year.

Agnico Eagle Mines Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, June 14th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date is Friday, May 31st. Agnico Eagle Mines’s payout ratio is currently 199.07%.

Insider Activity at Agnico Eagle Mines

In related news, Director Sean Boyd sold 120,000 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of C$90.08, for a total transaction of C$10,809,600.00. In other Agnico Eagle Mines news, Director Sean Boyd sold 120,000 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of C$90.08, for a total value of C$10,809,600.00. Also, Senior Officer Christopher Charles Norman Vollmershausen sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of C$95.01, for a total value of C$475,050.00. Insiders have sold a total of 159,000 shares of company stock valued at $14,401,410 over the last quarter. Insiders own 0.09% of the company’s stock.

Agnico Eagle Mines Company Profile

(Get Free Report

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.

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Analyst Recommendations for Agnico Eagle Mines (TSE:AEM)

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