Agnico Eagle Mines Limited (TSE:AEM) Receives Average Rating of “Buy” from Brokerages

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) has been assigned an average recommendation of “Buy” from the seven brokerages that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is C$128.71.

Several research firms have weighed in on AEM. Stifel Canada raised Agnico Eagle Mines to a “strong-buy” rating in a research report on Wednesday, March 19th. National Bankshares lifted their price target on Agnico Eagle Mines from C$160.00 to C$190.00 and gave the company an “outperform” rating in a research report on Wednesday, March 19th. Royal Bank of Canada increased their price objective on Agnico Eagle Mines to C$105.00 and gave the stock a “buy” rating in a report on Thursday, March 6th. National Bank Financial upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a report on Friday, March 21st. Finally, UBS Group lowered shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 31st.

Insider Transactions at Agnico Eagle Mines

In other news, Director John Merfyn Roberts sold 2,000 shares of the company’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of C$118.43, for a total transaction of C$236,860.00. Also, Senior Officer Ammar Al-Joundi sold 20,000 shares of Agnico Eagle Mines stock in a transaction dated Monday, January 13th. The stock was sold at an average price of C$118.94, for a total value of C$2,378,852.00. Over the last 90 days, insiders have sold 71,125 shares of company stock worth $9,315,117. Corporate insiders own 0.08% of the company’s stock.

Agnico Eagle Mines Trading Down 7.4 %

Shares of AEM opened at C$141.46 on Monday. Agnico Eagle Mines has a 1-year low of C$82.17 and a 1-year high of C$158.10. The company has a current ratio of 1.75, a quick ratio of 0.89 and a debt-to-equity ratio of 7.88. The firm’s 50-day moving average price is C$142.96 and its 200-day moving average price is C$125.47. The firm has a market capitalization of C$50.02 billion, a price-to-earnings ratio of 49.70, a PEG ratio of 22.97 and a beta of 1.10.

Agnico Eagle Mines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, March 14th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a yield of 1.13%. Agnico Eagle Mines’s dividend payout ratio is currently 76.24%.

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.