Agnico Eagle Mines Limited (TSE:AEM) Receives C$272.60 Consensus PT from Brokerages

Shares of Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) have earned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the firm, Marketbeat Ratings 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 twelve-month price target among brokerages that have covered the stock in the last year is C$272.60.

Several analysts have recently weighed in on AEM shares. Stifel Nicolaus lifted their target price on Agnico Eagle Mines from C$300.00 to C$350.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. National Bank Financial raised their price target on shares of 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. 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. 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 research report on Tuesday, February 17th. Finally, JPMorgan Chase & Co. set a C$337.00 target price on shares of Agnico Eagle Mines and gave the stock a “neutral” rating in a research report on Thursday, January 29th.

Insiders Place Their Bets

In other news, insider Guy Gosselin sold 4,947 shares of the firm’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of C$310.00, for a total transaction of C$1,533,570.00. Following the transaction, the insider owned 31,381 shares in the company, valued at approximately C$9,728,110. This trade represents a 13.62% decrease in their ownership of the stock. Also, insider James Porter sold 3,000 shares of Agnico Eagle Mines stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of C$247.42, for a total transaction of C$742,260.00. Following the transaction, the insider directly owned 7,734 shares in the company, valued at approximately C$1,913,546.28. The trade was a 27.95% decrease in their ownership of the stock. Insiders own 0.08% of the company’s stock.

Agnico Eagle Mines Stock Up 2.6%

Shares of TSE:AEM opened at C$337.09 on Friday. The firm has a market capitalization of C$168.65 billion, a PE ratio of 38.05, a price-to-earnings-growth ratio of 22.97 and a beta of 1.54. The business has a 50 day simple moving average of C$275.78 and a two-hundred day simple moving average of C$240.55. Agnico Eagle Mines has a 1 year low of C$132.96 and a 1 year high of C$337.51. 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 Friday, February 13th. The company reported C$3.71 earnings per share (EPS) for the quarter. Agnico Eagle Mines had a return on equity of 5.05% and a net margin of 12.86%.The firm had revenue of C$4.89 billion during the quarter. On average, equities analysts predict that Agnico Eagle Mines will post 5.4966052 EPS for the current year.

Agnico Eagle Mines Dividend Announcement

The company also recently disclosed 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. This represents a $1.60 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, December 1st. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 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.