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

Shares of Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) have earned an average rating of “Buy” from the five analysts that are currently covering the stock, MarketBeat Ratings 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 issued a report on the stock in the last year is C$122.14.

Separately, Royal Bank of Canada lifted their target price on Agnico Eagle Mines to C$105.00 and gave the company a “buy” rating in a research note on Thursday.

Insider Transactions at Agnico Eagle Mines

In related news, Senior Officer Ammar Al-Joundi sold 17,936 shares of Agnico Eagle Mines stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of C$111.84, for a total transaction of C$2,005,962.24. Also, Senior Officer Guy Gosselin sold 22,500 shares of Agnico Eagle Mines stock in a transaction dated Thursday, January 9th. The stock was sold at an average price of C$121.80, for a total value of C$2,740,500.00. Over the last 90 days, insiders have sold 70,269 shares of company stock worth $8,396,572. Insiders own 0.08% of the company’s stock.

Agnico Eagle Mines Stock Down 1.6 %

AEM traded down C$2.31 on Thursday, hitting C$140.48. The company had a trading volume of 319,565 shares, compared to its average volume of 964,904. The stock has a fifty day moving average price of C$129.42 and a 200-day moving average price of C$118.69. Agnico Eagle Mines has a 12-month low of C$72.59 and a 12-month high of C$145.25. The company has a debt-to-equity ratio of 7.88, a quick ratio of 0.89 and a current ratio of 1.75. The stock has a market capitalization of C$49.67 billion, a price-to-earnings ratio of 49.36, a P/E/G ratio of 22.97 and a beta of 1.10.

Agnico Eagle Mines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.14%. Agnico Eagle Mines’s payout ratio is 76.24%.

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.