Agnico Eagle Mines (TSE:AEM) Stock Gets Price Target Reduction from National Bank Financial

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its price objective lowered by National Bank Financial from C$310.00 to C$305.00 in a report published on Friday,BayStreet reports. The firm currently has an outperform rating on the stock.

Several other research firms have also recently commented on AEM. Freedom Broker cut Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 22nd. TD lowered their price target on Agnico Eagle Mines from C$244.00 to C$242.00 and set a “buy” rating for the company in a research note on Tuesday, October 20th. Stifel Nicolaus decreased their target price on shares of Agnico Eagle Mines from C$350.00 to C$310.00 in a research report on Friday, July 17th. Jefferies Financial Group raised Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 6th. Finally, Barclays dropped their target price on Agnico Eagle Mines from C$298.00 to C$266.00 in a report on Thursday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Agnico Eagle Mines currently has a consensus rating of “Moderate Buy” and an average target price of C$292.00.

Agnico Eagle Mines Stock Down 6.0%

Shares of AEM stock opened at C$230.79 on Friday. The stock has a market cap of C$116.67 billion, a P/E ratio of 18.81, a price-to-earnings-growth ratio of 22.97 and a beta of 2.00. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.75 and a quick ratio of 0.89. Agnico Eagle Mines has a one year low of C$188.48 and a one year high of C$348.94. The stock has a fifty day moving average price of C$270.26 and a 200 day moving average price of C$262.87.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last posted its earnings results on Wednesday, October 28th. The company reported C$3.72 earnings per share (EPS) for the quarter. The firm had revenue of C$5.10 billion during the quarter. Agnico Eagle Mines had a net margin of 41.00% and a return on equity of 22.64%. Analysts predict that Agnico Eagle Mines will post 5.50 earnings per share for the current year.

Agnico Eagle Mines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 15th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Tuesday, September 1st. Agnico Eagle Mines’s dividend payout ratio is presently 14.26%.

Insider Transactions at Agnico Eagle Mines

In other Agnico Eagle Mines news, Director John Merfyn Roberts sold 1,500 shares of Agnico Eagle Mines stock in a transaction 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 sale, the director owned 16,182 shares of the company’s stock, valued at C$4,423,349.70. The trade was a 8.48% decrease in their position. 0.08% of the stock is currently owned by company insiders.

Agnico Eagle Mines Company Profile

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.