Analysts Set Agnico Eagle Mines Limited (TSE:AEM) PT at C$235.00

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) has been assigned an average recommendation of “Buy” from the eight brokerages that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and five have issued a strong buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$235.00.

A number of equities analysts have weighed in on AEM shares. Stifel Nicolaus lifted their price objective on Agnico Eagle Mines from C$195.00 to C$300.00 in a research note on Monday, October 20th. National Bankshares raised their target price on Agnico Eagle Mines from C$285.00 to C$300.00 and gave the stock an “outperform” rating in a report on Tuesday, December 9th. Finally, Royal Bank Of Canada downgraded Agnico Eagle Mines from a “moderate buy” rating to a “hold” rating in a report on Wednesday, December 10th.

Insider Transactions at Agnico Eagle Mines

In related news, insider Ammar Al-Joundi sold 20,000 shares of the firm’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of C$243.40, for a total transaction of C$4,868,000.00. Following the sale, the insider owned 54,917 shares in the company, valued at approximately C$13,366,797.80. This trade represents a 26.70% decrease in their ownership of the stock. Company insiders own 0.08% of the company’s stock.

Agnico Eagle Mines Price Performance

Shares of TSE:AEM opened at C$265.89 on Friday. Agnico Eagle Mines has a twelve month low of C$117.41 and a twelve month high of C$266.59. 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 company has a market cap of C$133.49 billion, a PE ratio of 38.87, a price-to-earnings-growth ratio of 22.97 and a beta of 1.42. The company’s 50 day moving average is C$236.78 and its 200 day moving average is C$211.83.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its quarterly earnings data on Wednesday, October 29th. The company reported C$3.01 EPS for the quarter. The business had revenue of C$4.26 billion for the quarter. Agnico Eagle Mines had a net margin of 12.86% and a return on equity of 5.05%. On average, sell-side analysts forecast that Agnico Eagle Mines will post 5.4966052 EPS for the current year.

Agnico Eagle Mines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 15th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Monday, December 1st. Agnico Eagle Mines’s payout ratio is currently 23.39%.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines is a gold miner operating mines in Canada, Mexico, and Finland. It also owns 50% of the Canadian Malartic mine. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines on line in rapid succession in the following years. The company produced more than 1.7 million gold ounces in 2020. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions.