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

Shares of Agnico Eagle Mines Limited (TSE:AEM - Get Free Report) NYSE: AEM have been given an average rating of "Buy" by the five brokerages that are covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on 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 analysts have recently commented on the stock. Canaccord Genuity Group boosted their target price on shares of Agnico Eagle Mines from C$105.00 to C$118.00 in a report on Tuesday, July 23rd. National Bankshares boosted their target price on shares of Agnico Eagle Mines from C$143.00 to C$144.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Eight Capital upped their price target on shares of Agnico Eagle Mines from C$105.00 to C$115.00 in a research note on Thursday, July 11th. UBS Group upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a research note on Tuesday, September 17th. Finally, Stifel Nicolaus increased their price target on shares of Agnico Eagle Mines from C$114.00 to C$140.00 in a report on Monday, October 21st.

Insider Activity

In other news, Director John Merfyn Roberts sold 2,000 shares of the company's stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of C$111.84, for a total value of C$223,680.00. In related news, Senior Officer Dominique Girard sold 11,000 shares of the firm's stock in a transaction on Monday, August 12th. The shares were sold at an average price of C$104.33, for a total value of C$1,147,630.00. Also, Director John Merfyn Roberts sold 2,000 shares of the business's stock in a transaction on Friday, August 23rd. The stock was sold at an average price of C$111.84, for a total transaction of C$223,680.00. Insiders have sold 100,000 shares of company stock worth $11,133,400 in the last three months. Company insiders own 0.08% of the company's stock.

Agnico Eagle Mines Trading Up 0.9 %

Shares of TSE AEM traded up C$1.05 during mid-day trading on Thursday, hitting C$117.12. The stock had a trading volume of 395,658 shares, compared to its average volume of 1,216,370. The company has a debt-to-equity ratio of 9.94, a quick ratio of 0.89 and a current ratio of 1.51. Agnico Eagle Mines has a 1 year low of C$60.17 and a 1 year high of C$123.86. The business has a 50 day moving average price of C$112.54 and a two-hundred day moving average price of C$100.70. The firm has a market cap of C$58.68 billion, a P/E ratio of 72.54, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10.

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

Agnico Eagle Mines Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date is Friday, November 29th. Agnico Eagle Mines's payout ratio is 135.63%.

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.