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

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) has received an average rating of “Moderate Buy” from the nine research firms that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$272.60.

Several equities research analysts have commented on the company. JPMorgan Chase & Co. set a C$337.00 target price on Agnico Eagle Mines and gave the company a “neutral” rating in a research note on Thursday, January 29th. Stifel Nicolaus lifted their price objective on shares of Agnico Eagle Mines from C$300.00 to C$350.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. TD Securities increased their target price on shares of Agnico Eagle Mines from C$241.00 to C$251.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Royal Bank Of Canada downgraded shares of Agnico Eagle Mines from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, December 10th. Finally, National Bank Financial lifted their price target on shares of Agnico Eagle Mines from C$300.00 to C$320.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th.

Insider Activity at Agnico Eagle Mines

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

Agnico Eagle Mines Price Performance

Shares of TSE AEM opened at C$311.56 on Friday. The firm has a market cap of C$155.88 billion, a PE ratio of 35.16, a PEG ratio of 22.97 and a beta of 1.54. The company has a current ratio of 1.75, a quick ratio of 0.89 and a debt-to-equity ratio of 7.88. Agnico Eagle Mines has a 1-year low of C$132.96 and a 1-year high of C$313.43. The company has a fifty day moving average price of C$267.66 and a 200 day moving average price of C$236.84.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its quarterly earnings results on Friday, February 13th. The company reported C$3.71 earnings per share (EPS) for the quarter. The firm had revenue of C$4.89 billion for the quarter. Agnico Eagle Mines had a return on equity of 5.05% and a net margin of 12.86%. Research analysts predict that Agnico Eagle Mines will post 5.4966052 earnings per share for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 15th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, December 1st. Agnico Eagle Mines’s dividend payout ratio is presently 18.06%.

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.