Brokerages Set Agnico Eagle Mines Limited (TSE:AEM) Target Price at C$318.83

Shares of Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) have been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation 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 research firms have issued reports on AEM. Erste Group Bank lowered Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. BMO Capital Markets lifted their target price on Agnico Eagle Mines from C$350.00 to C$370.00 in a research note on Wednesday, April 22nd. Barclays set a C$292.00 target price on Agnico Eagle Mines and gave the stock an “overweight” rating in a report on Friday, May 22nd. ATB Cormark Capital Markets upgraded Agnico Eagle Mines from a “sector” rating to an “outperform” rating in a research note on Monday, May 4th. Finally, National Bank Financial set a C$350.00 price target on Agnico Eagle Mines and gave the company an “outperform” rating in a report on Monday, May 25th.

Agnico Eagle Mines Stock Performance

Shares of AEM stock opened at C$220.36 on Friday. The company has a fifty day moving average price of C$244.87 and a two-hundred day moving average price of C$267.26. Agnico Eagle Mines has a one year low of C$157.68 and a one year high of C$348.94. The stock has a market cap of C$110.40 billion, a P/E ratio of 20.75, a P/E/G ratio of 22.97 and a beta of 1.75. 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 issued its earnings results on Thursday, April 30th. The company reported C$4.73 earnings per share (EPS) for the quarter. Agnico Eagle Mines had a net margin of 39.48% and a return on equity of 22.08%. The company had revenue of C$5.70 billion for the quarter. As a group, equities analysts predict that Agnico Eagle Mines will post 5.4966052 EPS for the current year.

Agnico Eagle Mines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.80 annualized dividend and a dividend yield of 0.8%. Agnico Eagle Mines’s payout ratio is presently 15.54%.

Agnico Eagle Mines Company Profile

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.