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

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

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

Agnico Eagle Mines Stock Performance

Shares of Agnico Eagle Mines stock traded up C$0.40 during trading on Friday, reaching C$113.41. The company's stock had a trading volume of 405,168 shares, compared to its average volume of 1,189,194. Agnico Eagle Mines has a one year low of C$60.17 and a one year high of C$123.86. The company has a debt-to-equity ratio of 9.94, a quick ratio of 0.89 and a current ratio of 1.51. The firm has a market cap of C$56.82 billion, a price-to-earnings ratio of 70.88, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10. The business's fifty day moving average price is C$116.78 and its 200-day moving average price is C$107.26.

Agnico Eagle Mines (TSE:AEM - Get Free Report) NYSE: AEM last issued its quarterly earnings results on Wednesday, October 30th. The company reported C$1.56 EPS for the quarter, topping 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 company had revenue of C$2.94 billion during the quarter, compared to analyst estimates of C$2.50 billion. As a group, equities research analysts predict that Agnico Eagle Mines will post 5.4966052 earnings per share for the current year.

Agnico Eagle Mines Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were issued a $0.40 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.41%. Agnico Eagle Mines's payout ratio is presently 135.63%.

Insider Buying and Selling

In other news, Senior Officer Jean Robitaille sold 10,000 shares of Agnico Eagle Mines stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of C$122.00, for a total value of C$1,220,000.00. Also, Senior Officer Ammar Al-Joundi sold 19,900 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of C$109.25, for a total value of C$2,174,075.00. Insiders sold 59,972 shares of company stock worth $6,808,814 in the last 90 days. 0.08% of the stock is owned by company insiders.

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.