Brokerages Set Agnico Eagle Mines Limited (TSE:AEM) Target Price at C$116.00

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) has received a consensus recommendation of “Buy” from the five brokerages that are covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$116.00.

A number of equities analysts recently commented on the stock. National Bankshares raised their price target on shares of Agnico Eagle Mines from C$143.00 to C$144.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Stifel Nicolaus increased their target price on shares of Agnico Eagle Mines from C$114.00 to C$140.00 in a research report on Monday, October 21st.

Insider Activity

In related news, Director Sean Boyd sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of C$116.15, for a total value of C$1,161,500.00. Also, Senior Officer Ammar Al-Joundi sold 19,900 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of C$109.25, for a total value of C$2,174,075.00. In the last ninety days, insiders sold 124,616 shares of company stock worth $14,417,931. 0.08% of the stock is currently owned by corporate insiders.

Agnico Eagle Mines Price Performance

Shares of TSE AEM opened at C$128.97 on Tuesday. The firm has a market cap of C$64.62 billion, a P/E ratio of 80.61, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10. The business’s 50 day moving average is C$118.09 and its 200-day moving average is C$111.68. The company has a current ratio of 1.51, a quick ratio of 0.89 and a debt-to-equity ratio of 9.94. Agnico Eagle Mines has a 1-year low of C$60.17 and a 1-year high of C$130.00.

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 for the quarter, topping the consensus estimate of C$1.35 by C$0.21. Agnico Eagle Mines had a return on equity of 3.10% and a net margin of 8.49%. The firm had revenue of C$2.94 billion for the quarter, compared to analysts’ expectations of C$2.50 billion. Equities research analysts predict that Agnico Eagle Mines will post 5.4966052 earnings per share for the current year.

Agnico Eagle Mines Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend was Friday, November 29th. Agnico Eagle Mines’s dividend payout ratio is currently 135.63%.

About Agnico Eagle Mines

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.