TD Securities Issues Positive Forecast for Agnico Eagle Mines (TSE:AEM) Stock Price

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its price objective raised by TD Securities from C$241.00 to C$251.00 in a report published on Tuesday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

A number of other equities research analysts also recently commented on AEM. Royal Bank Of Canada downgraded Agnico Eagle Mines from a “moderate buy” rating to a “hold” rating in a report on Wednesday, December 10th. National Bank Financial upped their price objective 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. JPMorgan Chase & Co. set a C$337.00 target price on shares of Agnico Eagle Mines and gave the stock a “neutral” rating in a report on Thursday, January 29th. Finally, Stifel Nicolaus boosted their target price on shares of Agnico Eagle Mines from C$300.00 to C$350.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$272.60.

Agnico Eagle Mines Stock Performance

AEM opened at C$290.42 on Tuesday. The company has a market cap of C$145.80 billion, a P/E ratio of 42.46, a price-to-earnings-growth ratio of 22.97 and a beta of 1.54. 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’s 50-day moving average price is C$263.09 and its 200-day moving average price is C$234.54. Agnico Eagle Mines has a 52-week low of C$132.96 and a 52-week high of C$305.68.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its earnings results on Friday, February 13th. The company reported C$3.71 earnings per share for the quarter. Agnico Eagle Mines had a net margin of 12.86% and a return on equity of 5.05%. As a group, equities analysts anticipate that Agnico Eagle Mines will post 5.4966052 EPS for the current fiscal year.

Agnico Eagle Mines Announces Dividend

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

Insider Activity

In related news, insider James Porter sold 3,000 shares of the company’s stock in a transaction dated 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 transaction, the insider owned 7,734 shares of the company’s stock, valued at approximately C$1,913,546.28. This represents a 27.95% decrease in their position. Also, insider Ammar Al-Joundi sold 20,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider directly owned 54,917 shares in the company, valued at approximately C$13,366,797.80. The trade was a 26.70% decrease in their ownership of the stock. 0.08% of the stock is owned by 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.