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

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) has been assigned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$295.33.

AEM has been the topic of a number of research analyst reports. BMO Capital Markets upped their price target on shares of Agnico Eagle Mines from C$350.00 to C$370.00 in a research report on Wednesday, April 22nd. Stifel Nicolaus lowered their price objective on Agnico Eagle Mines from C$350.00 to C$310.00 in a research report on Friday, July 17th. National Bank Financial dropped their price objective on Agnico Eagle Mines from C$350.00 to C$275.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 14th. Barclays dropped their price objective on Agnico Eagle Mines from C$298.00 to C$266.00 in a research note on Thursday, July 16th. Finally, Jefferies Financial Group raised Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 6th.

Agnico Eagle Mines Price Performance

Shares of TSE AEM opened at C$204.81 on Wednesday. The company’s 50 day moving average price is C$225.20 and its 200-day moving average price is C$263.39. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.89 and a current ratio of 3.15. Agnico Eagle Mines has a 52-week low of C$167.76 and a 52-week high of C$348.94. The company has a market capitalization of C$102.41 billion, a P/E ratio of 19.29, a price-to-earnings-growth ratio of 22.97 and a beta of 1.84.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last posted its quarterly earnings data 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 company had revenue of C$5.70 billion during the quarter. Equities analysts forecast that Agnico Eagle Mines will post 5.4966052 earnings per share for the current year.

Agnico Eagle Mines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Monday, June 1st. Agnico Eagle Mines’s dividend payout ratio is presently 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.