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

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) has been given a consensus rating of “Moderate Buy” by the nine brokerages that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$272.60.

A number of brokerages have recently commented on AEM. JPMorgan Chase & Co. set a C$337.00 price target on Agnico Eagle Mines and gave the company a “neutral” rating in a research note on Thursday, January 29th. TD Securities boosted their price objective on shares of Agnico Eagle Mines from C$241.00 to C$251.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. Stifel Nicolaus upped 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 note on Tuesday, February 10th. 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, Erste Group Bank cut shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research report on Wednesday.

Insider Activity

In other news, insider James Porter sold 3,000 shares of the firm’s stock in a transaction dated 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 sale, the insider owned 7,734 shares of the company’s stock, valued at C$1,913,546.28. This trade represents 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 transaction, the insider owned 54,917 shares in the company, 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 corporate insiders.

Agnico Eagle Mines Stock Up 1.3%

TSE:AEM opened at C$311.56 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.75 and a debt-to-equity ratio of 7.88. Agnico Eagle Mines has a 12-month low of C$132.96 and a 12-month high of C$313.43. The stock’s fifty day simple moving average is C$267.66 and its 200-day simple moving average is C$236.84. The firm has a market capitalization of C$155.88 billion, a P/E ratio of 35.16, a P/E/G ratio of 22.97 and a beta of 1.54.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its quarterly earnings data on Friday, February 13th. The company reported C$3.71 EPS for the quarter. Agnico Eagle Mines had a return on equity of 5.05% and a net margin of 12.86%.The business had revenue of C$4.89 billion during the quarter. Equities research analysts expect 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 paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, December 1st. Agnico Eagle Mines’s payout ratio is presently 18.06%.

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.