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

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) has received a consensus recommendation of “Buy” from the five ratings firms that are currently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$100.63.

Several brokerages have commented on AEM. National Bank Financial reissued an “outperform overweight” rating on shares of Agnico Eagle Mines in a report on Monday, April 8th. National Bankshares set a C$104.00 price target on shares of Agnico Eagle Mines and gave the company an “outperform” rating in a report on Monday, June 24th. Cormark raised their price target on shares of Agnico Eagle Mines from C$110.00 to C$115.00 in a report on Monday, June 24th. Eight Capital set a C$105.00 price objective on shares of Agnico Eagle Mines and gave the stock a “buy” rating in a report on Monday, June 24th. Finally, Canaccord Genuity Group lifted their price objective on shares of Agnico Eagle Mines from C$92.00 to C$105.00 in a report on Tuesday, April 23rd.

Insiders Place Their Bets

In other news, Senior Officer Ammar Al-Joundi bought 30,000 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The stock was purchased at an average price of C$92.12 per share, with a total value of C$2,763,600.00. In other news, Director Sean Boyd sold 120,000 shares of Agnico Eagle Mines stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of C$90.08, for a total value of C$10,809,600.00. Also, Senior Officer Ammar Al-Joundi acquired 30,000 shares of the stock in a transaction on Friday, May 31st. The shares were bought at an average cost of C$92.12 per share, for a total transaction of C$2,763,600.00. Over the last 90 days, insiders sold 163,279 shares of company stock valued at $14,798,903. 0.09% of the stock is currently owned by corporate insiders.

Agnico Eagle Mines Stock Down 1.6 %

Agnico Eagle Mines stock opened at C$89.48 on Tuesday. Agnico Eagle Mines has a 1-year low of C$59.36 and a 1-year high of C$96.20. The firm has a market capitalization of C$44.58 billion, a price-to-earnings ratio of 82.85, a P/E/G ratio of 22.97 and a beta of 1.04. The company has a current ratio of 2.21, a quick ratio of 0.89 and a debt-to-equity ratio of 10.14. The firm has a 50 day simple moving average of C$90.85 and a 200 day simple moving average of C$78.87.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its quarterly earnings data on Thursday, April 25th. The company reported C$1.02 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.82 by C$0.20. Agnico Eagle Mines had a net margin of 6.79% and a return on equity of 2.39%. The business had revenue of C$2.47 billion during the quarter, compared to analyst estimates of C$2.20 billion. On average, analysts predict that Agnico Eagle Mines will post 4.3937412 earnings per share for the current year.

Agnico Eagle Mines Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, June 14th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date was Friday, May 31st. Agnico Eagle Mines’s payout ratio is currently 199.07%.

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.