Agnico Eagle Mines Limited (TSE:AEM) Receives Consensus Rating of "Buy" from Brokerages

Shares of Agnico Eagle Mines Limited (TSE:AEM - Get Free Report) NYSE: AEM have been given an average rating of "Buy" by the five ratings firms that are presently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a buy rating. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$100.63.

Several equities research analysts have commented on AEM shares. Stifel Nicolaus boosted their target price on Agnico Eagle Mines from C$94.00 to C$104.00 and gave the company a "buy" rating in a research note on Friday, April 19th. Eight Capital set a C$105.00 price target on Agnico Eagle Mines and gave the stock a "buy" rating in a research report on Monday. National Bankshares set a C$104.00 price target on Agnico Eagle Mines and gave the stock an "outperform" rating in a research report on Monday. Canaccord Genuity Group boosted their price target on Agnico Eagle Mines from C$92.00 to C$105.00 in a research report on Tuesday, April 23rd. Finally, Veritas Investment Research boosted their price target on Agnico Eagle Mines from C$88.40 to C$118.00 in a research report on Friday, April 12th.

Insider Buying and Selling

In related news, Senior Officer Christopher Charles Norman Vollmershausen sold 5,000 shares of the business's stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of C$95.01, for a total transaction of C$475,050.00. In other Agnico Eagle Mines news, Director Sean Boyd sold 120,000 shares of the company's stock in a transaction on Monday, May 6th. The stock was sold at an average price of C$90.08, for a total value of C$10,809,600.00. Also, Senior Officer Christopher Charles Norman Vollmershausen sold 5,000 shares of the company's stock in a transaction on Friday, May 17th. The shares were sold at an average price of C$95.01, for a total value of C$475,050.00. In the last three months, insiders have sold 163,279 shares of company stock valued at $14,798,903. 0.09% of the stock is owned by insiders.

Agnico Eagle Mines Trading Down 1.2 %

AEM traded down C$1.09 during midday trading on Tuesday, reaching C$88.60. 1,357,562 shares of the company were exchanged, compared to its average volume of 1,421,343. The company has a debt-to-equity ratio of 10.14, a quick ratio of 0.89 and a current ratio of 2.21. Agnico Eagle Mines has a one year low of C$59.36 and a one year high of C$96.20. The stock has a market capitalization of C$44.14 billion, a P/E ratio of 82.04, a PEG ratio of 22.97 and a beta of 1.04. The stock's 50-day simple moving average is C$90.59 and its 200 day simple moving average is C$78.34.

Agnico Eagle Mines (TSE:AEM - Get Free Report) NYSE: AEM last issued its earnings results on Thursday, April 25th. The company reported C$1.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.82 by C$0.20. Agnico Eagle Mines had a return on equity of 2.39% and a net margin of 6.79%. The firm had revenue of C$2.47 billion for the quarter, compared to analysts' expectations of C$2.20 billion. As a group, analysts forecast that Agnico Eagle Mines will post 4.3937412 earnings per share for the current fiscal year.

Agnico Eagle Mines Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, June 14th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date was Friday, May 31st. Agnico Eagle Mines's payout ratio is presently 199.07%.

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.