Analysts Set Agnico Eagle Mines Limited (TSE:AEM) PT at C$272.60

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) has been given a consensus recommendation of “Moderate Buy” by the nine brokerages that are currently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$272.60.

A number of equities research analysts have weighed in on AEM shares. Stifel Nicolaus lifted their price target on shares of Agnico Eagle Mines from C$300.00 to C$350.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Erste Group Bank downgraded shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 18th. Royal Bank Of Canada lowered shares of Agnico Eagle Mines from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, December 10th. National Bank Financial increased their price target on shares of Agnico Eagle Mines from C$300.00 to C$320.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Finally, JPMorgan Chase & Co. set a C$337.00 price target on shares of Agnico Eagle Mines and gave the stock a “neutral” rating in a research note on Thursday, January 29th.

Insider Buying and Selling

In other Agnico Eagle Mines news, insider Guy Gosselin sold 4,947 shares of the business’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of C$310.00, for a total transaction of C$1,533,570.00. Following the completion of the sale, the insider directly owned 31,381 shares of the company’s stock, valued at approximately C$9,728,110. The trade was a 13.62% decrease in their position. Also, insider James Porter sold 3,000 shares of Agnico Eagle Mines stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of C$247.42, for a total transaction of C$742,260.00. Following the sale, the insider owned 7,734 shares of the company’s stock, valued at approximately C$1,913,546.28. This represents a 27.95% decrease in their position. Company insiders own 0.08% of the company’s stock.

Agnico Eagle Mines Stock Up 1.5%

Shares of AEM opened at C$334.66 on Friday. The company has a debt-to-equity ratio of 7.88, a quick ratio of 0.89 and a current ratio of 1.75. The company has a 50-day simple moving average of C$271.73 and a 200-day simple moving average of C$239.25. Agnico Eagle Mines has a 52 week low of C$132.96 and a 52 week high of C$336.68. The firm has a market capitalization of C$167.43 billion, a P/E ratio of 37.77, a P/E/G ratio of 22.97 and a beta of 1.54.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its quarterly earnings data on Friday, February 13th. The company reported C$3.71 earnings per share (EPS) for the quarter. The business had revenue of C$4.89 billion for the quarter. Agnico Eagle Mines had a return on equity of 5.05% and a net margin of 12.86%. On average, equities research analysts expect that Agnico Eagle Mines will post 5.4966052 earnings per share for the current year.

Agnico Eagle Mines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 15th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, December 1st. Agnico Eagle Mines’s dividend payout ratio is presently 18.06%.

About Agnico Eagle Mines

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.