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

Shares of Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) have received an average rating of “Buy” from the five analysts that are presently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$82.86.

A number of analysts recently issued reports on the stock. Stifel Nicolaus raised their price objective on shares of Agnico Eagle Mines from C$91.00 to C$94.00 and gave the stock a “buy” rating in a report on Friday, January 26th. National Bankshares raised their price objective on shares of Agnico Eagle Mines from C$84.00 to C$85.00 and gave the stock an “outperform” rating in a report on Tuesday, February 20th. Cormark cut their target price on shares of Agnico Eagle Mines from C$97.00 to C$90.00 in a research report on Tuesday, February 20th. National Bank Financial reiterated an “outperform overweight” rating on shares of Agnico Eagle Mines in a research report on Wednesday, January 3rd. Finally, TD Securities cut their target price on shares of Agnico Eagle Mines to C$62.00 and set a “buy” rating for the company in a research report on Wednesday, February 21st.

Agnico Eagle Mines Stock Performance

TSE AEM opened at C$83.79 on Thursday. Agnico Eagle Mines has a 52-week low of C$59.36 and a 52-week high of C$85.24. The company has a 50-day simple moving average of C$71.90 and a 200 day simple moving average of C$69.28. The company has a debt-to-equity ratio of 10.32, a quick ratio of 0.89 and a current ratio of 2.09. The company has a market capitalization of C$41.75 billion, a PE ratio of 15.63, a price-to-earnings-growth ratio of 22.97 and a beta of 1.07.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last posted its quarterly earnings data on Thursday, February 15th. The company reported C$0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.65 by C$0.13. Agnico Eagle Mines had a net margin of 29.29% and a return on equity of 10.89%. The business had revenue of C$2.39 billion during the quarter, compared to the consensus estimate of C$2.04 billion. On average, research analysts predict that Agnico Eagle Mines will post 3.5183946 EPS for the current year.

Agnico Eagle Mines Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $0.537 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.15 dividend on an annualized basis and a dividend yield of 2.56%. Agnico Eagle Mines’s dividend payout ratio (DPR) is currently 40.11%.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.