Agnico Eagle Mines Limited (TSE:AEM) Given Average Recommendation of “Moderate Buy” by Brokerages

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) has been given a consensus rating of “Moderate Buy” by the eight ratings firms that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$318.83.

Several equities research analysts have issued reports on AEM shares. Stifel Nicolaus raised their price target on Agnico Eagle Mines from C$300.00 to C$350.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. JPMorgan Chase & Co. cut their price target on Agnico Eagle Mines from C$321.00 to C$300.00 in a report on Thursday, April 23rd. Erste Group Bank downgraded Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. ATB Cormark Capital Markets raised Agnico Eagle Mines from a “sector” rating to an “outperform” rating in a report on Monday, May 4th. Finally, TD Securities lifted their target price on Agnico Eagle Mines from C$241.00 to C$251.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th.

Agnico Eagle Mines Trading Down 3.6%

Shares of Agnico Eagle Mines stock opened at C$244.47 on Tuesday. The business has a fifty day simple moving average of C$268.53 and a two-hundred day simple moving average of C$268.07. Agnico Eagle Mines has a 1 year low of C$156.93 and a 1 year high of C$348.94. The company has a market capitalization of C$122.24 billion, a price-to-earnings ratio of 23.02, a P/E/G ratio of 22.97 and a beta of 1.87. The company has a debt-to-equity ratio of 1.21, a current ratio of 3.15 and a quick ratio of 0.89.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its quarterly earnings results on Thursday, April 30th. The company reported C$4.73 earnings per share (EPS) for the quarter. Agnico Eagle Mines had a return on equity of 22.08% and a net margin of 39.48%.The business had revenue of C$5.70 billion during the quarter. Research analysts forecast that Agnico Eagle Mines will post 5.4966052 EPS for the current year.

Agnico Eagle Mines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.7%. Agnico Eagle Mines’s dividend payout ratio (DPR) is currently 15.54%.

About Agnico Eagle Mines

Canadian-based and led, Agnico Eagle is Canada’s largest mining company and the second largest gold producer in the world, operating mines in Canada, Australia, Finland and Mexico. The Company is advancing a pipeline of high-quality development projects in these regions to support sustainable growth over the next decade. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading sustainability practices. Agnico Eagle was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.