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

Shares of Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) have received a consensus recommendation of “Buy” from the eight brokerages that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and five have given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$235.00.

Several research firms have recently weighed in on AEM. National Bankshares boosted their price target on Agnico Eagle Mines from C$285.00 to C$300.00 and gave the stock an “outperform” rating in a report on Tuesday, December 9th. Stifel Nicolaus boosted their target price on shares of Agnico Eagle Mines from C$195.00 to C$300.00 in a report on Monday, October 20th. Finally, Royal Bank Of Canada cut shares of Agnico Eagle Mines from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, December 10th.

Insider Buying and Selling

In other Agnico Eagle Mines news, insider Ammar Al-Joundi sold 20,000 shares of the company’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of C$243.40, for a total value of C$4,868,000.00. Following the sale, the insider owned 54,917 shares in the company, valued at approximately C$13,366,797.80. The trade was a 26.70% decrease in their position. Insiders own 0.08% of the company’s stock.

Agnico Eagle Mines Stock Up 1.1%

Shares of TSE:AEM opened at C$252.41 on Friday. Agnico Eagle Mines has a 52-week low of C$117.14 and a 52-week high of C$263.23. The company has a market capitalization of C$126.72 billion, a PE ratio of 36.90, a price-to-earnings-growth ratio of 22.97 and a beta of 1.42. 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 company has a fifty day moving average of C$235.35 and a 200-day moving average of C$210.82.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its quarterly earnings data on Wednesday, October 29th. The company reported C$3.01 earnings per share for the quarter. Agnico Eagle Mines had a return on equity of 5.05% and a net margin of 12.86%.The company had revenue of C$4.26 billion for the quarter. On average, equities analysts predict that Agnico Eagle Mines will post 5.4966052 EPS for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 15th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Monday, December 1st. Agnico Eagle Mines’s dividend payout ratio (DPR) is currently 23.39%.

About Agnico Eagle Mines

Agnico Eagle Mines is a gold miner operating mines in Canada, Mexico, and Finland. It also owns 50% of the Canadian Malartic mine. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines on line in rapid succession in the following years. The company produced more than 1.7 million gold ounces in 2020. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions.