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

Shares of Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) have earned a consensus recommendation of “Buy” from the five research firms that are currently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a buy rating. The average 1 year price target among brokerages that have covered the stock in the last year is C$100.63.

A number of brokerages recently commented on AEM. Eight Capital set a C$105.00 price target on Agnico Eagle Mines and gave the stock a “buy” rating in a research report on Monday, June 24th. Cormark raised their price target on Agnico Eagle Mines from C$110.00 to C$115.00 in a research report on Monday, June 24th. Veritas Investment Research lifted their target price on Agnico Eagle Mines from C$88.40 to C$118.00 in a research report on Friday, April 12th. Stifel Nicolaus lifted their target price on Agnico Eagle Mines from C$94.00 to C$104.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Finally, National Bankshares set a C$104.00 target price on Agnico Eagle Mines and gave the company an “outperform” rating in a research report on Monday, June 24th.

Agnico Eagle Mines Stock Down 1.6 %

Shares of TSE AEM opened at C$89.48 on Tuesday. The company has a debt-to-equity ratio of 10.14, a quick ratio of 0.89 and a current ratio of 2.21. Agnico Eagle Mines has a 52 week low of C$59.36 and a 52 week high of C$96.20. The stock has a market capitalization of C$44.58 billion, a P/E ratio of 82.85, a PEG ratio of 22.97 and a beta of 1.04. The stock’s fifty day moving average is C$90.85 and its 200 day moving average is C$78.87.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its quarterly earnings results on Thursday, April 25th. The company reported C$1.02 EPS for the quarter, topping analysts’ consensus estimates of C$0.82 by C$0.20. Agnico Eagle Mines had a return on equity of 2.39% and a net margin of 6.79%. The company had revenue of C$2.47 billion for the quarter, compared to analysts’ expectations of C$2.20 billion. Sell-side analysts forecast that Agnico Eagle Mines will post 4.3937412 earnings per share for the current fiscal year.

Agnico Eagle Mines Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, June 14th were paid a dividend of $0.40 per share. 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 payout ratio is 199.07%.

Insider Activity

In other news, Senior Officer Ammar Al-Joundi purchased 30,000 shares of the business’s stock in a transaction dated Friday, May 31st. The shares were purchased at an average cost of C$92.12 per share, with a total value of C$2,763,600.00. In other news, Senior Officer Ammar Al-Joundi purchased 30,000 shares of the business’s stock in a transaction dated Friday, May 31st. The shares were purchased at an average cost of C$92.12 per share, with a total value of C$2,763,600.00. Also, Director John Merfyn Roberts sold 1,000 shares of Agnico Eagle Mines stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of C$89.27, for a total value of C$89,267.00. Over the last three months, insiders have sold 163,279 shares of company stock valued at $14,798,903. 0.09% of the stock is currently owned by corporate insiders.

About Agnico Eagle Mines

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.