Brokerages Set Agnico Eagle Mines Limited (TSE:AEM) Target Price at C$82.86

Shares of Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) have been assigned a consensus recommendation of “Buy” from the five ratings firms that are presently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a buy rating. The average 12-month price target among analysts that have covered the stock in the last year is C$87.25.

Several equities research analysts recently issued reports on the company. Cormark lowered their price objective on Agnico Eagle Mines from C$97.00 to C$90.00 in a report on Tuesday, February 20th. Stifel Nicolaus boosted their price target on Agnico Eagle Mines from C$91.00 to C$94.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. National Bank Financial restated an “outperform overweight” rating on shares of Agnico Eagle Mines in a report on Monday, April 8th. Veritas Investment Research upped their target price on shares of Agnico Eagle Mines from C$88.40 to C$118.00 in a report on Friday. Finally, National Bankshares raised their price target on shares of Agnico Eagle Mines from C$84.00 to C$85.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 20th.

Agnico Eagle Mines Stock Performance

TSE AEM opened at C$84.67 on Thursday. The stock has a market capitalization of C$42.19 billion, a price-to-earnings ratio of 15.65, a PEG ratio of 22.97 and a beta of 1.07. The stock has a 50-day moving average of C$73.02 and a 200 day moving average of C$69.78. The company has a current ratio of 2.09, a quick ratio of 0.89 and a debt-to-equity ratio of 10.32. Agnico Eagle Mines has a twelve month low of C$59.36 and a twelve month high of C$88.27.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its earnings results on Thursday, February 15th. The company reported C$0.78 earnings per share for the quarter, topping the consensus estimate of C$0.65 by C$0.13. Agnico Eagle Mines had a return on equity of 10.89% and a net margin of 29.29%. The business had revenue of C$2.39 billion during the quarter, compared to the consensus estimate of C$2.04 billion. Sell-side analysts anticipate that Agnico Eagle Mines will post 3.4364596 EPS for the current fiscal year.

Agnico Eagle Mines Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $0.537 per share. The ex-dividend date was Thursday, February 29th. This represents a $2.15 annualized dividend and a dividend yield of 2.54%. Agnico Eagle Mines’s dividend payout ratio is presently 39.74%.

About Agnico Eagle Mines

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.