Agnico Eagle Mines Limited (TSE:AEM) Receives C$116.00 Average PT from Brokerages

Shares of Agnico Eagle Mines Limited (TSE:AEM - Get Free Report) NYSE: AEM have received an average rating of "Buy" from the five ratings firms that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$116.00.

A number of equities analysts have recently issued reports on AEM shares. UBS Group upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a research report on Tuesday, September 17th. Stifel Nicolaus boosted their price target on shares of Agnico Eagle Mines from C$114.00 to C$140.00 in a research note on Monday, October 21st. Finally, National Bankshares increased their price target on Agnico Eagle Mines from C$143.00 to C$144.00 and gave the company an "outperform" rating in a research note on Friday, November 1st.

Insiders Place Their Bets

In other Agnico Eagle Mines news, Director John Merfyn Roberts sold 2,000 shares of the company's stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of C$112.32, for a total value of C$224,640.00. Also, Senior Officer Jean Robitaille sold 5,000 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of C$118.25, for a total value of C$591,250.00. Insiders have sold 86,972 shares of company stock valued at $9,784,554 in the last 90 days. 0.08% of the stock is currently owned by insiders.

Agnico Eagle Mines Stock Down 1.1 %

Shares of TSE:AEM traded down C$1.29 on Monday, reaching C$116.77. The company had a trading volume of 204,384 shares, compared to its average volume of 1,204,128. The stock has a market capitalization of C$58.51 billion, a P/E ratio of 73.79, a P/E/G ratio of 22.97 and a beta of 1.10. The stock has a 50-day moving average price of C$114.25 and a 200 day moving average price of C$104.05. Agnico Eagle Mines has a twelve month low of C$60.17 and a twelve month high of C$123.86. The company has a quick ratio of 0.89, a current ratio of 1.51 and a debt-to-equity ratio of 9.94.

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

Agnico Eagle Mines Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend 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.