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

Shares of Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) have been given a consensus rating of “Buy” by the five analysts that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$122.14.

Separately, Royal Bank of Canada upped their price objective on Agnico Eagle Mines to C$105.00 and gave the stock a “buy” rating in a report on Thursday.

Agnico Eagle Mines Stock Performance

Shares of TSE:AEM traded down C$2.31 during mid-day trading on Thursday, reaching C$140.48. 319,565 shares of the company traded hands, compared to its average volume of 964,904. The company’s 50 day moving average price is C$129.42 and its 200-day moving average price is C$118.69. The company has a debt-to-equity ratio of 7.88, a current ratio of 1.75 and a quick ratio of 0.89. Agnico Eagle Mines has a 52 week low of C$72.59 and a 52 week high of C$145.25. The firm has a market cap of C$49.67 billion, a PE ratio of 49.36, a PEG ratio of 22.97 and a beta of 1.10.

Agnico Eagle Mines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, March 14th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend is Friday, February 28th. Agnico Eagle Mines’s dividend payout ratio is currently 76.24%.

Insider Activity

In other Agnico Eagle Mines news, Senior Officer Carol-Ann Plummer-Theriault sold 5,625 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of C$139.99, for a total value of C$787,455.00. Also, Director John Merfyn Roberts sold 2,000 shares of the company’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of C$118.43, for a total value of C$236,860.00. In the last 90 days, insiders have sold 70,269 shares of company stock valued at $8,396,572. 0.08% of the stock is currently owned by insiders.

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.