Agnico Eagle Mines Limited (TSE:AEM) Receives C$97.50 Average Price Target from Analysts

Shares of Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) have received a consensus recommendation of “Buy” from the five research firms that are presently covering the company, Marketbeat reports. Five research analysts have rated the stock with a buy recommendation. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$97.50.

AEM has been the topic of several recent analyst reports. Cormark reduced their price objective on shares of Agnico Eagle Mines from C$97.00 to C$90.00 in a research note on Tuesday, February 20th. Stifel Nicolaus lifted their price target on shares of Agnico Eagle Mines from C$94.00 to C$104.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Veritas Investment Research lifted their price target on shares of Agnico Eagle Mines from C$88.40 to C$118.00 in a research note on Friday, April 12th. National Bank Financial reiterated an “outperform overweight” rating on shares of Agnico Eagle Mines in a report on Monday, April 8th. Finally, National Bankshares lowered their price objective on shares of Agnico Eagle Mines from C$105.00 to C$104.00 and set an “outperform” rating on the stock in a report on Friday, April 19th.

Insider Buying and Selling at Agnico Eagle Mines

In other news, Senior Officer Guy Gosselin sold 22,000 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of C$90.50, for a total value of C$1,991,000.00. In other news, Senior Officer Guy Gosselin sold 22,000 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of C$90.50, for a total value of C$1,991,000.00. Also, Director Sean Boyd sold 120,000 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of C$90.08, for a total transaction of C$10,809,600.00. Insiders have sold a total of 162,279 shares of company stock worth $14,709,636 over the last ninety days. Insiders own 0.09% of the company’s stock.

Agnico Eagle Mines Trading Down 5.0 %

AEM opened at C$88.91 on Friday. The company has a current ratio of 2.21, a quick ratio of 0.89 and a debt-to-equity ratio of 10.14. The stock has a market capitalization of C$44.29 billion, a PE ratio of 82.32, a PEG ratio of 22.97 and a beta of 1.04. Agnico Eagle Mines has a 1-year low of C$59.36 and a 1-year high of C$96.20. The firm has a 50-day moving average price of C$88.69 and a two-hundred day moving average price of C$76.33.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its earnings results on Thursday, April 25th. The company reported C$1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.82 by C$0.20. Agnico Eagle Mines had a net margin of 6.79% and a return on equity of 2.39%. The company had revenue of C$2.47 billion for the quarter, compared to analyst estimates of C$2.20 billion. As a group, equities analysts anticipate that Agnico Eagle Mines will post 4.3937412 earnings per share for the current fiscal year.

Agnico Eagle Mines Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, June 14th will be issued a $0.40 dividend. The ex-dividend date is Friday, May 31st. This represents a $1.60 annualized dividend and a dividend yield of 1.80%. Agnico Eagle Mines’s dividend payout ratio is currently 199.07%.

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.