Brokerages Set Agnico Eagle Mines Limited (TSE:AEM) Price Target at C$295.33

Shares of Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) have earned an average rating of “Moderate Buy” from the nine brokerages that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$295.33.

A number of equities analysts have commented on AEM shares. Stifel Nicolaus reduced their price objective on Agnico Eagle Mines from C$350.00 to C$310.00 in a research note on Friday, July 17th. National Bank Financial cut their price target on Agnico Eagle Mines from C$350.00 to C$275.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 14th. JPMorgan Chase & Co. cut their price objective on shares of Agnico Eagle Mines from C$321.00 to C$300.00 in a report on Thursday, April 23rd. BMO Capital Markets increased their target price on shares of Agnico Eagle Mines from C$350.00 to C$370.00 in a report on Wednesday, April 22nd. Finally, ATB Cormark Capital Markets raised shares of Agnico Eagle Mines from a “sector” rating to an “outperform” rating in a research report on Monday, May 4th.

Agnico Eagle Mines Stock Up 0.7%

Shares of AEM opened at C$204.81 on Wednesday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.89 and a current ratio of 3.15. The company has a 50-day simple moving average of C$225.20 and a 200-day simple moving average of C$263.23. Agnico Eagle Mines has a 52 week low of C$167.76 and a 52 week high of C$348.94. The firm has a market capitalization of C$102.41 billion, a P/E ratio of 19.29, a P/E/G ratio of 22.97 and a beta of 1.84.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its earnings results on Thursday, April 30th. The company reported C$4.73 EPS for the quarter. Agnico Eagle Mines had a return on equity of 22.08% and a net margin of 39.48%.The firm had revenue of C$5.70 billion during the quarter. On average, 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 company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were paid a $0.45 dividend. The ex-dividend date was Monday, June 1st. This represents a $1.80 dividend on an annualized basis and a yield of 0.9%. Agnico Eagle Mines’s dividend payout ratio (DPR) is currently 15.54%.

About Agnico Eagle Mines

Canadian-based and led, Agnico Eagle is Canada’s largest mining company and the second largest gold producer in the world, operating mines in Canada, Australia, Finland and Mexico. The Company is advancing a pipeline of high-quality development projects in these regions to support sustainable growth over the next decade. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading sustainability practices. Agnico Eagle was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.