Agnico Eagle Mines Limited (TSE:AEM) Receives C$235.00 Consensus Target Price from Analysts

Shares of Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) have been given a consensus rating of “Buy” by the nine ratings firms that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and five have given a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$260.50.

Several analysts have issued reports on AEM shares. JPMorgan Chase & Co. set a C$337.00 target price on Agnico Eagle Mines and gave the stock a “neutral” rating in a research note on Thursday. Stifel Nicolaus boosted their price objective on shares of Agnico Eagle Mines from C$195.00 to C$300.00 in a report on Monday, October 20th. Royal Bank Of Canada lowered shares of Agnico Eagle Mines from a “moderate buy” rating to a “hold” rating in a report on Wednesday, December 10th. Finally, National Bankshares lifted their target price on shares of 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.

Agnico Eagle Mines Stock Down 10.8%

AEM opened at C$258.84 on Wednesday. The business’s fifty day simple moving average is C$252.72 and its 200 day simple moving average is C$224.41. Agnico Eagle Mines has a 52 week low of C$132.96 and a 52 week high of C$305.68. 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 stock has a market cap of C$129.95 billion, a PE ratio of 37.84, a P/E/G ratio of 22.97 and a beta of 1.42.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last posted 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%. As a group, research 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 announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 15th were issued a dividend of $0.40 per share. The ex-dividend date was Monday, December 1st. This represents a $1.60 annualized dividend and a yield of 0.6%. Agnico Eagle Mines’s dividend payout ratio is currently 23.39%.

Insider Activity at Agnico Eagle Mines

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

Agnico Eagle Mines Company Profile

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.