Brokerages Set Agnico Eagle Mines Limited (TSE:AEM) Price Target at C$116.00

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) has been assigned an average recommendation of “Buy” from the five analysts that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$116.00.

A number of equities analysts have recently weighed in on the company. Stifel Nicolaus increased their target price on Agnico Eagle Mines from C$114.00 to C$140.00 in a research note on Monday, October 21st. National Bankshares increased their target price on Agnico Eagle Mines from C$143.00 to C$144.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st.

Insiders Place Their Bets

In other Agnico Eagle Mines news, Senior Officer Ammar Al-Joundi sold 19,900 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of C$109.25, for a total value of C$2,174,075.00. Also, Senior Officer Jean Robitaille sold 10,000 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of C$122.00, for a total value of C$1,220,000.00. Insiders have sold a total of 124,616 shares of company stock worth $14,417,931 in the last 90 days. Company insiders own 0.08% of the company’s stock.

Agnico Eagle Mines Price Performance

TSE:AEM opened at C$127.48 on Tuesday. The company has a quick ratio of 0.89, a current ratio of 1.51 and a debt-to-equity ratio of 9.94. The stock’s 50 day moving average price is C$117.68 and its two-hundred day moving average price is C$111.26. The firm has a market capitalization of C$63.87 billion, a price-to-earnings ratio of 79.68, a P/E/G ratio of 22.97 and a beta of 1.10. Agnico Eagle Mines has a 12-month low of C$60.17 and a 12-month high of C$130.00.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its quarterly earnings data on Wednesday, October 30th. The company reported C$1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.35 by C$0.21. The firm had revenue of C$2.94 billion for the quarter, compared to analyst estimates of C$2.50 billion. Agnico Eagle Mines had a return on equity of 3.10% and a net margin of 8.49%. On average, analysts anticipate that Agnico Eagle Mines will post 5.4966052 earnings per share for the current year.

Agnico Eagle Mines Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.60 dividend on an annualized basis and a yield of 1.26%. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 135.63%.

About Agnico Eagle Mines

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.