Agnico Eagle Mines Limited (TSE:AEM) Stock Has Consensus Target Price of C$295.33 According to Analysts

Shares of Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) have been assigned an average recommendation of “Moderate Buy” from the nine analysts that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$295.33.

Several equities analysts have issued reports on AEM shares. National Bank Financial cut their price objective on Agnico Eagle Mines from C$350.00 to C$275.00 and set an “outperform” rating for the company in a research report on Tuesday, July 14th. Jefferies Financial Group upgraded Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 6th. Barclays cut their price target on Agnico Eagle Mines from C$298.00 to C$266.00 in a report on Thursday, July 16th. Finally, Stifel Nicolaus reduced their price target on shares of Agnico Eagle Mines from C$350.00 to C$310.00 in a research report on Friday, July 17th.

Insider Buying and Selling at Agnico Eagle Mines

In other news, Director John Merfyn Roberts sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of C$273.35, for a total transaction of C$410,025.00. Following the transaction, the director directly owned 16,182 shares in the company, valued at approximately C$4,423,349.70. This represents a 8.48% decrease in their ownership of the stock. Corporate insiders own 0.08% of the company’s stock.

Agnico Eagle Mines Stock Performance

TSE:AEM opened at C$257.21 on Monday. Agnico Eagle Mines has a 1 year low of C$188.48 and a 1 year high of C$348.94. The firm has a 50 day moving average of C$267.06 and a 200-day moving average of C$253.13. The company has a current ratio of 2.86, a quick ratio of 0.89 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of C$130.24 billion, a P/E ratio of 22.02, a price-to-earnings-growth ratio of 22.97 and a beta of 2.00.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its quarterly earnings results on Wednesday, July 29th. The company reported C$4.33 EPS for the quarter. Agnico Eagle Mines had a return on equity of 22.69% and a net margin of 40.45%.The business had revenue of C$5.53 billion for the quarter. As a group, sell-side analysts anticipate that Agnico Eagle Mines will post 5.4966052 EPS for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 15th were paid a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.7%. Agnico Eagle Mines’s payout ratio is currently 14.55%.

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.