Analysts Set Agnico Eagle Mines Limited (TSE:AEM) Target Price at C$198.33

Shares of Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) have earned an average rating of “Strong Buy” from the eight brokerages that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, two have issued a buy rating and five have assigned a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$198.33.

Separately, Stifel Nicolaus lifted their target price on Agnico Eagle Mines from C$195.00 to C$300.00 in a research note on Monday, October 20th.

Agnico Eagle Mines Trading Up 0.5%

Agnico Eagle Mines stock opened at C$232.84 on Friday. Agnico Eagle Mines has a 52-week low of C$110.70 and a 52-week high of C$263.23. The company has a quick ratio of 0.89, a current ratio of 1.75 and a debt-to-equity ratio of 7.88. The firm has a market capitalization of C$117.23 billion, a price-to-earnings ratio of 34.04, a PEG ratio of 22.97 and a beta of 1.32. The firm has a 50-day moving average price of C$228.73 and a two-hundred day moving average price of C$191.88.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its quarterly earnings results on Wednesday, October 29th. The company reported C$2.10 EPS for the quarter. The company had revenue of C$4.26 billion for the quarter. Agnico Eagle Mines had a net margin of 12.86% and a return on equity of 5.05%. Sell-side analysts expect that Agnico Eagle Mines will post 5.4966052 earnings per share for the current year.

Agnico Eagle Mines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 15th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Monday, December 1st. Agnico Eagle Mines’s payout ratio is currently 23.39%.

Insider Transactions at Agnico Eagle Mines

In other Agnico Eagle Mines news, insider Jean Robitaille sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of C$235.00, for a total transaction of C$705,000.00. Following the transaction, the insider owned 1,000 shares of the company’s stock, valued at approximately C$235,000. This trade represents a 75.00% decrease in their position. 0.08% of the stock is owned by corporate insiders.

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.