Agnico Eagle Mines (TSE:AEM) Price Target Raised to C$320.00 at National Bankshares

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its price objective raised by National Bankshares from C$300.00 to C$320.00 in a research note released on Wednesday,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

AEM has been the subject of a number of other reports. Royal Bank Of Canada downgraded shares of Agnico Eagle Mines from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, December 10th. Stifel Nicolaus increased their price objective on Agnico Eagle Mines from C$195.00 to C$300.00 in a report on Monday, October 20th. Finally, JPMorgan Chase & Co. set a C$337.00 target price on Agnico Eagle Mines and gave the stock a “neutral” rating in a research report on Thursday, January 29th. Five equities 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$265.50.

Agnico Eagle Mines Stock Up 3.1%

Shares of TSE:AEM opened at C$277.33 on Wednesday. Agnico Eagle Mines has a 1 year low of C$132.96 and a 1 year high of C$305.68. The company has a market capitalization of C$139.23 billion, a PE ratio of 40.55, a price-to-earnings-growth ratio of 22.97 and a beta of 1.54. The business has a fifty day moving average price of C$254.63 and a two-hundred day moving average price of C$227.07. 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 issued its quarterly earnings results on Wednesday, October 29th. The company reported C$3.01 earnings per share 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. Analysts forecast that Agnico Eagle Mines will post 5.4966052 earnings per share for the current year.

Agnico Eagle Mines Announces Dividend

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

Insiders Place Their Bets

In other news, insider Ammar Al-Joundi sold 20,000 shares of Agnico Eagle Mines stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of C$243.40, for a total value of C$4,868,000.00. Following the completion of the transaction, 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. Also, insider James Porter sold 3,000 shares of the 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 sale, the insider directly owned 7,734 shares in the company, valued at C$1,913,546.28. This trade 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.