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

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) has earned a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$318.83.

AEM has been the topic of a number of research analyst reports. Barclays set a C$292.00 price objective on shares of Agnico Eagle Mines and gave the company an “overweight” rating in a research report on Friday, May 22nd. ATB Cormark Capital Markets raised shares of Agnico Eagle Mines from a “sector” rating to an “outperform” rating in a research report on Monday, May 4th. BMO Capital Markets upped their target price on shares of Agnico Eagle Mines from C$350.00 to C$370.00 in a research report on Wednesday, April 22nd. JPMorgan Chase & Co. reduced their target price on shares of Agnico Eagle Mines from C$321.00 to C$300.00 in a research report on Thursday, April 23rd. Finally, National Bank Financial set a C$350.00 target price on shares of Agnico Eagle Mines and gave the stock an “outperform” rating in a research report on Monday, May 25th.

Agnico Eagle Mines Stock Up 0.4%

Shares of Agnico Eagle Mines stock opened at C$223.07 on Friday. The company has a current ratio of 3.15, a quick ratio of 0.89 and a debt-to-equity ratio of 1.21. The company’s fifty day simple moving average is C$249.51 and its two-hundred day simple moving average is C$267.21. The company has a market cap of C$111.76 billion, a P/E ratio of 21.00, a PEG ratio of 22.97 and a beta of 1.75. Agnico Eagle Mines has a 12-month low of C$156.93 and a 12-month high of C$348.94.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its quarterly earnings data on Thursday, April 30th. The company reported C$4.73 earnings per share (EPS) for the quarter. The business had revenue of C$5.70 billion for the quarter. Agnico Eagle Mines had a net margin of 39.48% and a return on equity of 22.08%. Research analysts anticipate that Agnico Eagle Mines will post 5.4966052 EPS for the current year.

Agnico Eagle Mines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Monday, June 1st. Agnico Eagle Mines’s dividend payout ratio is 15.54%.

Agnico Eagle Mines Company Profile

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.