Agnico Eagle Mines Limited (TSE:AEM) Receives Consensus Rating of “Buy” from Analysts

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) has received an average rating of “Buy” from the five ratings firms that are covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$116.00.

AEM has been the subject of a number of research analyst reports. National Bankshares increased their price target on Agnico Eagle Mines from C$143.00 to C$144.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. UBS Group raised Agnico Eagle Mines to a “strong-buy” rating in a research report on Tuesday, September 17th. Finally, Stifel Nicolaus boosted their price target on shares of Agnico Eagle Mines from C$114.00 to C$140.00 in a report on Monday, October 21st.

Insider Buying and Selling

In related news, Director Sean Boyd sold 10,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of C$116.15, for a total transaction of C$1,161,500.00. Also, Senior Officer Jean Robitaille sold 5,000 shares of Agnico Eagle Mines stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of C$118.25, for a total value of C$591,250.00. In the last 90 days, insiders sold 59,972 shares of company stock valued at $6,808,814. 0.08% of the stock is owned by insiders.

Agnico Eagle Mines Stock Up 5.0 %

AEM stock opened at C$118.06 on Friday. The stock’s 50 day moving average is C$116.21 and its 200-day moving average is C$107.88. Agnico Eagle Mines has a twelve month low of C$60.17 and a twelve month high of C$123.86. The firm has a market capitalization of C$59.15 billion, a PE ratio of 73.79, a P/E/G ratio of 22.97 and a beta of 1.10. The company has a quick ratio of 0.89, a current ratio of 1.51 and a debt-to-equity ratio of 9.94.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last posted its quarterly earnings data on Wednesday, October 30th. The company reported C$1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.35 by C$0.21. The firm had revenue of C$2.94 billion for the quarter, compared to the consensus estimate of C$2.50 billion. Agnico Eagle Mines had a net margin of 8.49% and a return on equity of 3.10%. Sell-side analysts expect that Agnico Eagle Mines will post 5.4966052 EPS for the current fiscal year.

Agnico Eagle Mines Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a dividend of $0.40 per share. The ex-dividend date was Friday, November 29th. This represents a $1.60 annualized dividend and a dividend yield of 1.36%. Agnico Eagle Mines’s payout ratio is 135.63%.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.