Agnico Eagle Mines Limited (TSE:AEM) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) have received a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$314.50.

A number of equities research analysts have issued reports on AEM shares. Stifel Nicolaus increased their price target on Agnico Eagle Mines from C$300.00 to C$350.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. National Bank Financial increased their price target on Agnico Eagle Mines from C$300.00 to C$320.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Erste Group Bank lowered Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. TD Securities increased their price target on Agnico Eagle Mines from C$241.00 to C$251.00 and gave the stock a “buy” rating in a research note on Tuesday, February 17th. Finally, JPMorgan Chase & Co. set a C$337.00 price target on Agnico Eagle Mines and gave the stock a “neutral” rating in a research note on Thursday, January 29th.

Insider Transactions at Agnico Eagle Mines

In other Agnico Eagle Mines news, insider Guy Gosselin sold 4,947 shares of the stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of C$310.00, for a total transaction of C$1,533,570.00. Following the completion of the sale, the insider directly owned 31,381 shares of the company’s stock, valued at C$9,728,110. This trade represents a 13.62% decrease in their position. 0.08% of the stock is currently owned by company insiders.

Agnico Eagle Mines Stock Performance

Agnico Eagle Mines stock opened at C$302.27 on Monday. The firm has a 50 day moving average of C$291.74 and a 200 day moving average of C$260.37. The firm has a market capitalization of C$151.43 billion, a price-to-earnings ratio of 34.12, a P/E/G ratio of 22.97 and a beta of 1.87. Agnico Eagle Mines has a 12-month low of C$144.21 and a 12-month high of C$348.94. The company has a current ratio of 2.02, a quick ratio of 0.89 and a debt-to-equity ratio of 1.68.

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 (EPS) for the quarter. The company had revenue of C$4.89 billion during the quarter. Agnico Eagle Mines had a net margin of 37.50% and a return on equity of 19.37%. As a group, research analysts predict that Agnico Eagle Mines will post 5.4966052 earnings per share for the current year.

Agnico Eagle Mines Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 16th were issued a dividend of $0.45 per share. This is an increase from Agnico Eagle Mines’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $1.80 dividend on an annualized basis and a yield of 0.6%. Agnico Eagle Mines’s payout ratio is 18.06%.

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.