Agnico Eagle Mines Limited (TSE:AEM) Given Average Rating of “Buy” by Brokerages

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) has been assigned an average recommendation of “Buy” from the eight research firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and five have issued a strong buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$235.00.

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

Insider Buying and Selling

In other Agnico Eagle Mines news, insider Ammar Al-Joundi sold 20,000 shares of the business’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of C$243.40, for a total transaction of C$4,868,000.00. Following the completion of the sale, the insider directly owned 54,917 shares in the company, valued at approximately C$13,366,797.80. The trade was a 26.70% decrease in their position. Also, insider James Porter sold 3,000 shares of the firm’s stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of C$247.42, for a total value of C$742,260.00. Following the completion of the transaction, the insider owned 7,734 shares in the company, valued at approximately C$1,913,546.28. This trade represents a 27.95% decrease in their ownership of the stock. Insiders own 0.08% of the company’s stock.

Agnico Eagle Mines Price Performance

Shares of TSE AEM opened at C$293.50 on Wednesday. The company has a debt-to-equity ratio of 7.88, a current ratio of 1.75 and a quick ratio of 0.89. Agnico Eagle Mines has a 1 year low of C$127.86 and a 1 year high of C$305.68. The stock has a market capitalization of C$147.35 billion, a P/E ratio of 42.91, a P/E/G ratio of 22.97 and a beta of 1.42. The company’s 50-day moving average is C$249.39 and its 200 day moving average is C$222.73.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last posted its quarterly earnings data on Wednesday, October 29th. The company reported C$3.01 earnings per share (EPS) for the quarter. The business had revenue of C$4.26 billion during the quarter. Agnico Eagle Mines had a return on equity of 5.05% and a net margin of 12.86%. On average, sell-side analysts expect 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. Stockholders of record on Monday, December 15th were paid a $0.40 dividend. The ex-dividend date was Monday, December 1st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.5%. Agnico Eagle Mines’s payout ratio is currently 23.39%.

Agnico Eagle Mines Company Profile

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.