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

Shares of Agnico Eagle Mines Limited (TSE:AEMGet Free Report) (NYSE:AEM) have earned a consensus recommendation of “Buy” from the five brokerages that are currently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$82.00.

A number of brokerages recently commented on AEM. National Bankshares decreased their price objective on Agnico Eagle Mines from C$86.00 to C$85.00 and set an “outperform” rating for the company in a research note on Monday, January 15th. Stifel Nicolaus lifted their price objective on Agnico Eagle Mines from C$91.00 to C$94.00 and gave the stock a “buy” rating in a research note on Friday. Finally, National Bank Financial reaffirmed an “outperform overweight” rating on shares of Agnico Eagle Mines in a research note on Wednesday, January 3rd.

Read Our Latest Stock Report on AEM

Agnico Eagle Mines Trading Down 1.0 %

Shares of TSE AEM traded down C$0.69 during midday trading on Friday, hitting C$66.39. The stock had a trading volume of 557,016 shares, compared to its average volume of 878,266. The company’s 50-day simple moving average is C$70.34 and its 200 day simple moving average is C$67.23. The firm has a market cap of C$32.93 billion, a P/E ratio of 9.48, a price-to-earnings-growth ratio of 6.41 and a beta of 1.04. Agnico Eagle Mines has a fifty-two week low of C$59.36 and a fifty-two week high of C$82.90. The company has a debt-to-equity ratio of 10.57, a current ratio of 1.99 and a quick ratio of 0.89.

Agnico Eagle Mines (TSE:AEMGet Free Report) (NYSE:AEM) last released its earnings results on Wednesday, October 25th. The company reported C$0.59 EPS for the quarter, beating the consensus estimate of C$0.58 by C$0.01. The company had revenue of C$2.20 billion during the quarter, compared to analysts’ expectations of C$2.12 billion. Agnico Eagle Mines had a return on equity of 13.96% and a net margin of 40.23%. Research analysts anticipate that Agnico Eagle Mines will post 3.5525188 EPS for the current year.

Agnico Eagle Mines Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 15th were issued a $0.543 dividend. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.27%. This is a positive change from Agnico Eagle Mines’s previous quarterly dividend of $0.53. The ex-dividend date was Thursday, November 30th. Agnico Eagle Mines’s payout ratio is 30.71%.

Insider Activity

In related news, Senior Officer Christopher Charles Norman Vollmershausen sold 3,125 shares of the company’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of C$68.98, for a total transaction of C$215,562.50. In related news, Senior Officer Christopher Charles Norman Vollmershausen sold 3,125 shares of the company’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of C$68.98, for a total transaction of C$215,562.50. Also, Senior Officer Dominique Girard sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of C$74.27, for a total value of C$371,350.00. Insiders have sold a total of 15,125 shares of company stock worth $1,093,633 over the last three months. Corporate insiders own 0.11% of the company’s stock.

Agnico Eagle Mines Company Profile

(Get Free Report

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. 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.

Further Reading

Analyst Recommendations for Agnico Eagle Mines (TSE:AEM)

Receive News & Ratings for Agnico Eagle Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agnico Eagle Mines and related companies with MarketBeat.com's FREE daily email newsletter.