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

Shares of Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) have been given a consensus rating of “Buy” by the eight brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and four have assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$139.67.

A number of research analysts recently commented on AEM shares. BMO Capital Markets upgraded Agnico Eagle Mines to a “strong-buy” rating in a research note on Tuesday, April 15th. National Bankshares boosted their price target on shares of Agnico Eagle Mines from C$160.00 to C$190.00 and gave the company an “outperform” rating in a report on Wednesday, March 19th. Stifel Nicolaus increased their price objective on shares of Agnico Eagle Mines from C$185.00 to C$195.00 in a research note on Monday, April 28th. Stifel Canada upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a research report on Wednesday, March 19th. Finally, Cfra Research raised shares of Agnico Eagle Mines to a “strong-buy” rating in a research note on Friday, April 25th.

Agnico Eagle Mines Trading Up 0.1%

Shares of AEM opened at C$148.81 on Tuesday. The stock’s 50-day moving average price is C$155.59 and its 200 day moving average price is C$135.63. The company has a quick ratio of 0.89, a current ratio of 1.75 and a debt-to-equity ratio of 7.88. The firm has a market capitalization of C$52.62 billion, a price-to-earnings ratio of 52.28, a P/E/G ratio of 22.97 and a beta of 1.10. Agnico Eagle Mines has a 12-month low of C$86.66 and a 12-month high of C$175.33.

Agnico Eagle Mines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 16th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.60 dividend on an annualized basis and a yield of 1.08%. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 76.24%.

Insider Transactions at Agnico Eagle Mines

In related news, Senior Officer Dominique Girard sold 10,000 shares of Agnico Eagle Mines stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of C$148.32, for a total value of C$1,483,200.00. Also, Senior Officer Carol-Ann Plummer-Theriault sold 5,625 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of C$139.99, for a total value of C$787,455.00. Insiders have sold 35,353 shares of company stock valued at $5,354,423 in the last three months. 0.08% of the stock is owned by corporate insiders.

About Agnico Eagle Mines

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.