Agnico Eagle Mines Ltd (TSE:AEM) Given Consensus Rating of “Buy” by Brokerages
Shares of Agnico Eagle Mines Ltd (TSE:AEM) have received a consensus rating of “Buy” from the ten brokerages that are covering the firm. Four investment analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$61.63.
AEM has been the topic of several recent research reports. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Agnico Eagle Mines in a research note on Monday. TD Securities lifted their price target on Agnico Eagle Mines from C$56.00 to C$61.00 and gave the stock a “hold” rating in a report on Thursday, August 11th. Dundee Securities lowered Agnico Eagle Mines from a “buy” rating to a “neutral” rating in a report on Thursday, July 14th. Desjardins upgraded Agnico Eagle Mines from a “hold” rating to a “buy” rating in a report on Wednesday, July 13th. Finally, National Bank Financial lifted their price target on Agnico Eagle Mines from C$68.00 to C$74.25 in a report on Wednesday, July 13th.
Shares of Agnico Eagle Mines (TSE:AEM) traded up 0.28% on Tuesday, reaching $68.97. 355,164 shares of the company’s stock traded hands. Agnico Eagle Mines has a 52 week low of $30.22 and a 52 week high of $78.35. The firm’s 50 day moving average is $71.71 and its 200 day moving average is $62.25. The firm has a market capitalization of $15.41 billion and a P/E ratio of 475.66.
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The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 15th were issued a $0.10 dividend. This is a positive change from Agnico Eagle Mines’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 0.58%. The ex-dividend date was Tuesday, August 30th.
About Agnico Eagle Mines
Agnico Eagle Mines Limited is a gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States. The Company operates through three business units. The Northern Business consists of its operations in Canada and Finland.
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