Agnico Eagle Mines Limited (TSE:AEM) Receives C$128.71 Average Price Target from Brokerages

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) has been assigned an average rating of “Buy” from the seven ratings firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$128.71.

Several analysts recently issued reports on the stock. Stifel Canada upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a research report on Wednesday, March 19th. UBS Group lowered Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 31st. National Bank Financial upgraded Agnico Eagle Mines to a “strong-buy” rating in a research report on Friday, March 21st. Royal Bank of Canada boosted their price target on Agnico Eagle Mines to C$105.00 and gave the company a “buy” rating in a report on Thursday, March 6th. Finally, National Bankshares lifted their price objective on Agnico Eagle Mines from C$160.00 to C$190.00 and gave the company an “outperform” rating in a research report on Wednesday, March 19th.

Insider Activity

In other news, Director John Merfyn Roberts sold 2,000 shares of the business’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of C$118.43, for a total value of C$236,860.00. Also, Senior Officer Guy Gosselin sold 22,500 shares of the firm’s stock in a transaction on Thursday, January 9th. The shares were sold at an average price of C$121.80, for a total transaction of C$2,740,500.00. Insiders have sold 71,125 shares of company stock worth $9,315,117 over the last ninety days. Corporate insiders own 0.08% of the company’s stock.

Agnico Eagle Mines Trading Down 7.4 %

Shares of TSE:AEM opened at C$141.46 on Monday. Agnico Eagle Mines has a 52-week low of C$82.17 and a 52-week high of C$158.10. The stock has a market capitalization of C$50.02 billion, a price-to-earnings ratio of 49.70, a PEG ratio of 22.97 and a beta of 1.10. 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’s 50-day simple moving average is C$142.96 and its two-hundred day simple moving average is C$125.47.

Agnico Eagle Mines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, March 14th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a yield of 1.13%. Agnico Eagle Mines’s dividend payout ratio is presently 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.