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

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) has earned a consensus recommendation of “Buy” from the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, one has given a buy recommendation and five have assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$260.50.

A number of equities research analysts have weighed in on AEM shares. Royal Bank Of Canada downgraded Agnico Eagle Mines from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, December 10th. JPMorgan Chase & Co. set a C$337.00 price objective on Agnico Eagle Mines and gave the stock a “neutral” rating in a research note on Thursday, January 29th. Stifel Nicolaus raised their target price on Agnico Eagle Mines from C$195.00 to C$300.00 in a research note on Monday, October 20th. Finally, National Bankshares lifted their target price on Agnico Eagle Mines from C$285.00 to C$300.00 and gave the stock an “outperform” rating in a report on Tuesday, December 9th.

Insider Activity at Agnico Eagle Mines

In other Agnico Eagle Mines news, insider Ammar Al-Joundi sold 20,000 shares of the company’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of C$243.40, for a total value of C$4,868,000.00. Following the transaction, the insider owned 54,917 shares of the company’s stock, valued at approximately C$13,366,797.80. This represents a 26.70% decrease in their ownership of the stock. Also, insider James Porter sold 3,000 shares of the stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of C$247.42, for a total value of C$742,260.00. Following the sale, the insider owned 7,734 shares of the company’s stock, valued at C$1,913,546.28. This trade represents a 27.95% decrease in their position. 0.08% of the stock is owned by corporate insiders.

Agnico Eagle Mines Stock Up 3.0%

Agnico Eagle Mines stock opened at C$268.89 on Wednesday. Agnico Eagle Mines has a 52 week low of C$132.96 and a 52 week high of C$305.68. The stock has a market cap of C$135.00 billion, a price-to-earnings ratio of 39.31, a PEG ratio of 22.97 and a beta of 1.54. The company’s 50-day moving average price is C$253.95 and its two-hundred day moving average price is C$226.72. The company has a current ratio of 1.75, a quick ratio of 0.89 and a debt-to-equity ratio of 7.88.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its quarterly earnings results on Wednesday, October 29th. The company reported C$3.01 earnings per share for the quarter. Agnico Eagle Mines had a net margin of 12.86% and a return on equity of 5.05%. The company had revenue of C$4.26 billion during the quarter. On average, analysts expect that Agnico Eagle Mines will post 5.4966052 EPS for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 15th were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $1.60 annualized dividend and a dividend yield of 0.6%. Agnico Eagle Mines’s payout ratio is currently 23.39%.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines is a gold miner operating mines in Canada, Mexico, and Finland. It also owns 50% of the Canadian Malartic mine. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines on line in rapid succession in the following years. The company produced more than 1.7 million gold ounces in 2020. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions.