Agnico Eagle Mines (TSE:AEM) Given a C$337.00 Price Target at JPMorgan Chase & Co.

JPMorgan Chase & Co. set a C$337.00 price target on Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) in a report released on Thursday morning,BayStreet.CA reports. The firm currently has a neutral rating on the stock.

A number of other brokerages have also recently issued reports on AEM. Stifel Nicolaus increased their target price on shares of Agnico Eagle Mines from C$195.00 to C$300.00 in a research report on Monday, October 20th. Royal Bank Of Canada cut shares of Agnico Eagle Mines from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, December 10th. Finally, National Bankshares increased their price target on Agnico Eagle Mines from C$285.00 to C$300.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 9th. Five research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$260.50.

Agnico Eagle Mines Price Performance

Shares of AEM stock opened at C$290.25 on Thursday. The stock’s fifty day simple moving average is C$252.05 and its 200 day simple moving average is C$223.75. Agnico Eagle Mines has a one year low of C$131.56 and a one year high of C$305.68. The firm has a market cap of C$145.72 billion, a price-to-earnings ratio of 42.43, a P/E/G ratio of 22.97 and a beta of 1.42. The company has a debt-to-equity ratio of 7.88, a current ratio of 1.75 and a quick ratio of 0.89.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its quarterly earnings data on Wednesday, October 29th. The company reported C$3.01 earnings per share (EPS) for the quarter. The firm had revenue of C$4.26 billion during the quarter. Agnico Eagle Mines had a return on equity of 5.05% and a net margin of 12.86%. On average, analysts expect that Agnico Eagle Mines will post 5.4966052 earnings per share for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 15th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, December 1st. Agnico Eagle Mines’s dividend payout ratio is 23.39%.

Insider Buying and Selling

In other news, insider James Porter sold 3,000 shares of Agnico Eagle Mines stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of C$247.42, for a total value of C$742,260.00. Following the completion of the sale, the insider directly owned 7,734 shares of the company’s stock, valued at approximately C$1,913,546.28. This trade represents a 27.95% decrease in their position. Also, insider Ammar Al-Joundi sold 20,000 shares of the company’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of C$243.40, for a total value of C$4,868,000.00. Following the transaction, the insider directly owned 54,917 shares in the company, valued at C$13,366,797.80. This trade represents a 26.70% decrease in their position. Company insiders own 0.08% of the company’s stock.

About Agnico Eagle Mines

Agnico Eagle Mines is a gold miner operating mines in Canada, Mexico, and Finland. It also owns 50% of the Canadian Malartic mine. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines on line in rapid succession in the following years. The company produced more than 1.7 million gold ounces in 2020. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions.