Agnico Eagle Mines Limited (TSE:AEM) Receives Consensus Recommendation of “Buy” from Analysts

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) has earned an average recommendation of “Buy” from the eight research firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, one has issued a buy rating and five have given a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$235.00.

A number of equities research analysts have recently weighed in on the company. Royal Bank Of Canada downgraded Agnico Eagle Mines from a “moderate buy” rating to a “hold” rating in a report on Wednesday, December 10th. National Bankshares raised their price target on shares of Agnico Eagle Mines from C$285.00 to C$300.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 9th. Finally, Stifel Nicolaus boosted their price objective on shares of Agnico Eagle Mines from C$195.00 to C$300.00 in a report on Monday, October 20th.

Insider Transactions at Agnico Eagle Mines

In related news, insider Ammar Al-Joundi sold 20,000 shares of the stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of C$243.40, for a total transaction of C$4,868,000.00. Following the sale, the insider owned 54,917 shares of the company’s stock, valued at C$13,366,797.80. This represents a 26.70% decrease in their ownership of the stock. 0.08% of the stock is owned by corporate insiders.

Agnico Eagle Mines Stock Up 0.6%

Shares of AEM opened at C$234.07 on Friday. The firm has a market cap of C$117.85 billion, a P/E ratio of 34.22, a price-to-earnings-growth ratio of 22.97 and a beta of 1.28. The company has a debt-to-equity ratio of 7.88, a quick ratio of 0.89 and a current ratio of 1.75. Agnico Eagle Mines has a 52 week low of C$113.91 and a 52 week high of C$263.23. The firm’s 50-day simple moving average is C$233.57 and its 200 day simple moving average is C$208.84.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its quarterly earnings data on Wednesday, October 29th. The company reported C$3.01 earnings per share (EPS) for the quarter. Agnico Eagle Mines had a return on equity of 5.05% and a net margin of 12.86%.The company had revenue of C$4.26 billion during the quarter. On average, analysts forecast that Agnico Eagle Mines will post 5.4966052 earnings per share for the current year.

Agnico Eagle Mines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 15th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Monday, December 1st. Agnico Eagle Mines’s payout ratio is 23.39%.

About Agnico Eagle Mines

Agnico Eagle Mines is a gold miner operating mines in Canada, Mexico, and Finland. It also owns 50% of the Canadian Malartic mine. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines on line in rapid succession in the following years. The company produced more than 1.7 million gold ounces in 2020. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions.