Agnico Eagle Mines Limited (TSE:AEM) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) have received an average recommendation of “Buy” from the five analysts that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$116.00.

Several analysts have recently issued reports on AEM shares. National Bankshares upped their price objective 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. Stifel Nicolaus upped their target price on Agnico Eagle Mines from C$114.00 to C$140.00 in a research note on Monday, October 21st. Finally, UBS Group upgraded Agnico Eagle Mines to a “strong-buy” rating in a research note on Tuesday, September 17th.

Insiders Place Their Bets

In other news, Senior Officer Christopher Charles Norman Vollmershausen sold 15,072 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of C$110.27, for a total value of C$1,661,989.44. Also, Senior Officer Ammar Al-Joundi sold 19,900 shares of the company’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. Insiders sold 96,972 shares of company stock worth $11,004,554 over the last three months. 0.08% of the stock is owned by insiders.

Agnico Eagle Mines Stock Down 0.8 %

AEM opened at C$118.27 on Monday. The business’s fifty day moving average is C$115.00 and its two-hundred day moving average is C$105.01. The company has a debt-to-equity ratio of 9.94, a quick ratio of 0.89 and a current ratio of 1.51. The company has a market cap of C$59.26 billion, a price-to-earnings ratio of 73.92, a PEG ratio of 22.97 and a beta of 1.10. Agnico Eagle Mines has a one year low of C$60.17 and a one year high of C$123.86.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last posted its earnings results on Wednesday, October 30th. The company reported C$1.56 EPS for the quarter, topping analysts’ consensus estimates of C$1.35 by C$0.21. The company 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 return on equity of 3.10% and a net margin of 8.49%. Analysts anticipate 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 will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, November 29th. This represents a $1.60 annualized dividend and a yield of 1.35%. Agnico Eagle Mines’s dividend payout ratio is presently 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.