Analysts Set Agnico Eagle Mines Limited (TSE:AEM) PT at C$100.63

Shares of Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) have received an average recommendation of “Buy” from the five research firms that are presently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a buy rating. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$100.63.

A number of analysts have weighed in on the stock. Canaccord Genuity Group increased their target price on shares of Agnico Eagle Mines from C$92.00 to C$105.00 in a research report on Tuesday, April 23rd. Eight Capital set a C$105.00 target price on shares of Agnico Eagle Mines and gave the company a “buy” rating in a research report on Monday, June 24th. Cormark increased their target price on shares of Agnico Eagle Mines from C$110.00 to C$115.00 in a research report on Monday, June 24th. National Bankshares set a C$104.00 target price on shares of Agnico Eagle Mines and gave the company an “outperform” rating in a research report on Monday, June 24th. Finally, Stifel Nicolaus raised their price objective on shares of Agnico Eagle Mines from C$94.00 to C$104.00 and gave the stock a “buy” rating in a research report on Friday, April 19th.

Insider Buying and Selling

In related news, Director John Merfyn Roberts sold 1,000 shares of the stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of C$89.27, for a total value of C$89,267.00. In other Agnico Eagle Mines news, Director Sean Boyd sold 120,000 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of C$90.08, for a total transaction of C$10,809,600.00. Also, Director John Merfyn Roberts sold 1,000 shares of the firm’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of C$89.27, for a total value of C$89,267.00. Insiders have sold a total of 163,279 shares of company stock worth $14,798,903 in the last ninety days. Corporate insiders own 0.09% of the company’s stock.

Agnico Eagle Mines Stock Performance

Agnico Eagle Mines stock opened at C$89.48 on Tuesday. The business has a 50 day moving average of C$90.76 and a 200-day moving average of C$78.71. Agnico Eagle Mines has a 1 year low of C$59.36 and a 1 year high of C$96.20. The company has a debt-to-equity ratio of 10.14, a current ratio of 2.21 and a quick ratio of 0.89. The company has a market capitalization of C$44.58 billion, a P/E ratio of 82.85, a P/E/G ratio of 22.97 and a beta of 1.04.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its quarterly earnings data on Thursday, April 25th. The company reported C$1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.82 by C$0.20. The company had revenue of C$2.47 billion during the quarter, compared to the consensus estimate of C$2.20 billion. Agnico Eagle Mines had a return on equity of 2.39% and a net margin of 6.79%. On average, equities research analysts predict that Agnico Eagle Mines will post 4.3937412 earnings per share for the current year.

Agnico Eagle Mines Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, June 14th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend was Friday, May 31st. Agnico Eagle Mines’s dividend payout ratio is currently 199.07%.

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.