Shares of Agnico Eagle Mines Limited (TSE:AEM – Get Free Report) (NYSE:AEM) have been assigned an average rating of “Moderate Buy” from the nine brokerages that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$295.33.
AEM has been the subject of several research analyst reports. National Bank Financial decreased their price target on shares of Agnico Eagle Mines from C$350.00 to C$275.00 and set an “outperform” rating for the company in a report on Tuesday, July 14th. Stifel Nicolaus dropped their price objective on Agnico Eagle Mines from C$350.00 to C$310.00 in a research note on Friday, July 17th. Barclays decreased their target price on Agnico Eagle Mines from C$298.00 to C$266.00 in a research note on Thursday, July 16th. Finally, Jefferies Financial Group upgraded Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th.
View Our Latest Stock Analysis on AEM
Insider Activity
Agnico Eagle Mines Stock Performance
Shares of TSE:AEM opened at C$269.83 on Monday. The firm’s 50 day simple moving average is C$269.39 and its 200 day simple moving average is C$253.33. Agnico Eagle Mines has a fifty-two week low of C$188.48 and a fifty-two week high of C$348.94. The company has a market capitalization of C$136.63 billion, a price-to-earnings ratio of 23.10, a P/E/G ratio of 22.97 and a beta of 2.00. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.86 and a quick ratio of 0.89.
Agnico Eagle Mines (TSE:AEM – Get Free Report) (NYSE:AEM) last issued its quarterly earnings data on Wednesday, July 29th. The company reported C$4.33 earnings per share (EPS) for the quarter. Agnico Eagle Mines had a net margin of 40.45% and a return on equity of 22.69%. The firm had revenue of C$5.53 billion during the quarter. As a group, sell-side analysts forecast that Agnico Eagle Mines will post 5.50 earnings per share for the current year.
Agnico Eagle Mines Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 15th were given a $0.45 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. Agnico Eagle Mines’s payout ratio is currently 14.55%.
About Agnico Eagle Mines
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.
Recommended Stories
- Five stocks we like better than Agnico Eagle Mines
- Alphabet Introduces Gemini Agent—Can It Trigger a Breakout?
- Palantir’s Rally Puts Wall Street in Catch-Up Mode Ahead of November Earnings
- Tilray Finds a Path to Growth Without Waiting on U.S. Cannabis Reform
- Arista Networks Plugs Into All-Time Highs
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.
