Agnico Eagle Mines Limited (TSE:AEM) Receives C$128.71 Consensus Target Price from Analysts

Agnico Eagle Mines Limited (TSE:AEM - Get Free Report) NYSE: AEM has received a consensus recommendation of "Buy" from the seven ratings firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$128.71.

A number of equities research analysts have commented on the stock. Stifel Canada raised shares of Agnico Eagle Mines to a "strong-buy" rating in a report on Wednesday, March 19th. Royal Bank of Canada increased their price target on shares of Agnico Eagle Mines to C$105.00 and gave the company a "buy" rating in a research note on Thursday, March 6th. UBS Group cut shares of Agnico Eagle Mines from a "strong-buy" rating to a "hold" rating in a research report on Monday. National Bankshares upped 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. Finally, National Bank Financial raised Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, March 21st.

Insiders Place Their Bets

In other Agnico Eagle Mines news, Director John Merfyn Roberts sold 2,000 shares of Agnico Eagle Mines stock in a transaction dated Monday, January 13th. The stock was sold at an average price of C$118.43, for a total transaction of C$236,860.00. Also, Senior Officer Christopher Charles Norman Vollmershausen sold 6,000 shares of the firm's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of C$155.55, for a total value of C$933,300.00. Over the last quarter, insiders have sold 71,125 shares of company stock worth $9,315,117. Insiders own 0.08% of the company's stock.

Agnico Eagle Mines Price Performance

AEM traded down C$11.35 during trading on Monday, hitting C$141.46. The company's stock had a trading volume of 2,726,675 shares, compared to its average volume of 1,047,489. The firm's 50 day moving average price is C$142.96 and its two-hundred day moving average price is C$125.33. The company has a quick ratio of 0.89, a current ratio of 1.75 and a debt-to-equity ratio of 7.88. The stock has a market capitalization of C$50.02 billion, a price-to-earnings ratio of 49.70, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10. Agnico Eagle Mines has a 12 month low of C$82.17 and a 12 month high of C$158.10.

Agnico Eagle Mines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, March 14th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Friday, February 28th. Agnico Eagle Mines's payout ratio is 76.24%.

Agnico Eagle Mines Company Profile

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.