Shares of Agnico Eagle Mines Limited (TSE:AEM – Get Free Report) (NYSE:AEM) have been given a consensus rating of “Moderate Buy” by the nine research firms that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$295.33.
Several equities research analysts have commented on AEM shares. Jefferies Financial Group upgraded Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 6th. National Bank Financial lowered their target price on Agnico Eagle Mines from C$350.00 to C$275.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 14th. Barclays cut their price objective on Agnico Eagle Mines from C$298.00 to C$266.00 in a report on Thursday, July 16th. Finally, Stifel Nicolaus decreased their price objective on shares of Agnico Eagle Mines from C$350.00 to C$310.00 in a research report on Friday, July 17th.
Insider Buying and Selling
Agnico Eagle Mines Stock Up 0.7%
Agnico Eagle Mines stock opened at C$280.10 on Thursday. The stock has a market capitalization of C$140.33 billion, a PE ratio of 23.98, a price-to-earnings-growth ratio of 22.97 and a beta of 2.02. Agnico Eagle Mines has a twelve month low of C$188.48 and a twelve month high of C$348.94. The company has a 50 day moving average of C$241.08 and a 200-day moving average of C$258.46. The company has a quick ratio of 0.89, a current ratio of 2.86 and a debt-to-equity ratio of 1.12.
Agnico Eagle Mines (TSE:AEM – Get Free Report) (NYSE:AEM) last announced its earnings results on Wednesday, July 29th. The company reported C$4.33 earnings per share for the quarter. The firm had revenue of C$5.53 billion during the quarter. Agnico Eagle Mines had a net margin of 40.45% and a return on equity of 22.69%. On average, equities research analysts anticipate that Agnico Eagle Mines will post 5.4966052 EPS for the current fiscal year.
Agnico Eagle Mines Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 15th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.6%. The ex-dividend date is Tuesday, September 1st. Agnico Eagle Mines’s dividend payout ratio (DPR) is 14.55%.
Agnico Eagle Mines Company Profile
Canadian-based and led, Agnico Eagle is Canada’s largest mining company and the second largest gold producer in the world, operating mines in Canada, Australia, Finland and Mexico. The Company is advancing a pipeline of high-quality development projects in these regions to support sustainable growth over the next decade. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading sustainability practices. Agnico Eagle was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.
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