Agnico Eagle Mines Limited (TSE:AEM) Receives Average Rating of “Buy” from Analysts

Shares of Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) have earned a consensus recommendation of “Buy” from the seven brokerages that are presently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$128.71.

A number of analysts have recently issued reports on the company. National Bank Financial raised Agnico Eagle Mines to a “strong-buy” rating in a research report on Friday, March 21st. National Bankshares lifted their price objective on Agnico Eagle Mines from C$160.00 to C$190.00 and gave the stock an “outperform” rating in a report on Wednesday, March 19th. Stifel Canada upgraded Agnico Eagle Mines to a “strong-buy” rating in a research note on Wednesday, March 19th. Finally, Royal Bank of Canada raised their price target on shares of Agnico Eagle Mines to C$105.00 and gave the stock a “buy” rating in a research report on Thursday, March 6th.

Insider Activity

In other news, Senior Officer Ammar Al-Joundi sold 17,936 shares of Agnico Eagle Mines stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of C$111.84, for a total value of C$2,005,962.24. Also, Senior Officer Guy Gosselin sold 22,500 shares of the stock in a transaction dated Thursday, January 9th. The stock was sold at an average price of C$121.80, for a total transaction of C$2,740,500.00. In the last ninety days, insiders sold 85,269 shares of company stock worth $10,634,722. 0.08% of the stock is currently owned by insiders.

Agnico Eagle Mines Stock Performance

Agnico Eagle Mines stock opened at C$153.79 on Monday. Agnico Eagle Mines has a 12-month low of C$81.75 and a 12-month high of C$157.88. The company has a debt-to-equity ratio of 7.88, a current ratio of 1.75 and a quick ratio of 0.89. The company has a market capitalization of C$54.38 billion, a price-to-earnings ratio of 54.03, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10. The firm’s fifty day moving average price is C$140.49 and its 200 day moving average price is C$123.85.

Agnico Eagle Mines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, March 14th were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.60 annualized dividend and a dividend yield of 1.04%. Agnico Eagle Mines’s payout ratio is 76.24%.

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.