Stifel Nicolaus Issues Positive Forecast for Agnico Eagle Mines (TSE:AEM) Stock Price

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its price target boosted by Stifel Nicolaus from C$300.00 to C$350.00 in a research report sent to investors on Tuesday,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other equities analysts have also recently issued reports on AEM. Royal Bank Of Canada cut Agnico Eagle Mines from a “moderate buy” rating to a “hold” rating in a report on Wednesday, December 10th. JPMorgan Chase & Co. set a C$337.00 price objective on shares of Agnico Eagle Mines and gave the stock a “neutral” rating in a research report on Thursday, January 29th. Finally, National Bankshares raised their target price on shares of Agnico Eagle Mines from C$300.00 to C$320.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Four analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Agnico Eagle Mines presently has a consensus rating of “Buy” and a consensus price target of C$278.00.

Agnico Eagle Mines Stock Up 1.0%

Agnico Eagle Mines stock opened at C$287.23 on Tuesday. The stock’s 50 day moving average price is C$257.35 and its 200 day moving average price is C$230.35. The company has a market cap of C$144.20 billion, a PE ratio of 41.99, a price-to-earnings-growth ratio of 22.97 and a beta of 1.54. 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 has a 1-year low of C$132.96 and a 1-year high of C$305.68.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its earnings results on Wednesday, October 29th. The company reported C$3.01 EPS for the quarter. Agnico Eagle Mines had a net margin of 12.86% and a return on equity of 5.05%. The company had revenue of C$4.26 billion for the quarter. On average, sell-side analysts predict that Agnico Eagle Mines will post 5.4966052 EPS for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 15th were issued a $0.40 dividend. 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 payout ratio is 23.39%.

Insider Buying and Selling at Agnico Eagle Mines

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 owned 7,734 shares of the company’s stock, valued at C$1,913,546.28. The trade was a 27.95% decrease in their ownership of the stock. Also, insider Ammar Al-Joundi sold 20,000 shares of Agnico Eagle Mines stock in a transaction dated 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 completion of the sale, the insider owned 54,917 shares of the company’s stock, valued at C$13,366,797.80. This trade represents a 26.70% 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.