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

Shares of Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) have received an average rating of “Moderate Buy” from the eight research firms that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$318.83.

Several equities analysts recently weighed in on the stock. Erste Group Bank cut shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. BMO Capital Markets raised their target price on shares of Agnico Eagle Mines from C$350.00 to C$370.00 in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. decreased their target price on shares of Agnico Eagle Mines from C$321.00 to C$300.00 in a research note on Thursday, April 23rd. National Bank Financial set a C$350.00 target price on shares of Agnico Eagle Mines and gave the company an “outperform” rating in a research note on Monday, May 25th. Finally, Barclays set a C$292.00 target price on shares of Agnico Eagle Mines and gave the company an “overweight” rating in a research note on Friday, May 22nd.

Agnico Eagle Mines Price Performance

Shares of AEM opened at C$244.47 on Tuesday. Agnico Eagle Mines has a twelve month low of C$156.93 and a twelve month high of C$348.94. The company has a quick ratio of 0.89, a current ratio of 3.15 and a debt-to-equity ratio of 1.21. The company has a 50 day moving average of C$268.53 and a 200-day moving average of C$268.07. The stock has a market capitalization of C$122.24 billion, a P/E ratio of 23.02, a P/E/G ratio of 22.97 and a beta of 1.87.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its earnings results on Thursday, April 30th. The company reported C$4.73 earnings per share for the quarter. Agnico Eagle Mines had a net margin of 39.48% and a return on equity of 22.08%. The business had revenue of C$5.70 billion during the quarter. As a group, equities research analysts forecast that Agnico Eagle Mines will post 5.4966052 EPS for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 15th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. Agnico Eagle Mines’s dividend payout ratio (DPR) is currently 15.54%.

About Agnico Eagle Mines

Canadian-based and led, Agnico Eagle is Canada’s largest mining company and the second largest gold producer in the world, operating mines in Canada, Australia, Finland and Mexico. The Company is advancing a pipeline of high-quality development projects in these regions to support sustainable growth over the next decade. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading sustainability practices. Agnico Eagle was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.