Agnico Eagle Mines Limited (TSE:AEM) Receives C$139.67 Consensus PT from Analysts

Shares of Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) have been given an average rating of “Buy” by the eight brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, three have given a buy recommendation and four have issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$139.67.

AEM has been the topic of several analyst reports. Stifel Canada raised shares of Agnico Eagle Mines to a “strong-buy” rating in a report on Wednesday, March 19th. National Bankshares raised their price objective on shares of Agnico Eagle Mines from C$160.00 to C$190.00 and gave the stock an “outperform” rating in a report on Wednesday, March 19th. Cfra Research raised shares of Agnico Eagle Mines to a “strong-buy” rating in a report on Friday, April 25th. BMO Capital Markets raised shares of Agnico Eagle Mines to a “strong-buy” rating in a report on Tuesday, April 15th. Finally, National Bank Financial raised shares of Agnico Eagle Mines to a “strong-buy” rating in a report on Friday, March 21st.

Insider Transactions at Agnico Eagle Mines

In related news, Senior Officer Dominique Girard sold 10,000 shares of Agnico Eagle Mines stock in a transaction on Thursday, March 13th. The shares were sold at an average price of C$148.32, for a total value of C$1,483,200.00. Also, Director Sean Boyd sold 5,200 shares of the firm’s stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of C$161.51, for a total value of C$839,852.00. Over the last ninety days, insiders have sold 29,728 shares of company stock worth $4,566,968. Insiders own 0.08% of the company’s stock.

Agnico Eagle Mines Stock Up 1.6%

Shares of TSE:AEM opened at C$161.48 on Tuesday. The firm’s 50 day moving average price is C$156.36 and its 200 day moving average price is C$136.65. The stock has a market cap of C$57.10 billion, a price-to-earnings ratio of 56.73, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10. Agnico Eagle Mines has a fifty-two week low of C$86.66 and a fifty-two week high of C$175.33. The company has a quick ratio of 0.89, a current ratio of 1.75 and a debt-to-equity ratio of 7.88.

Agnico Eagle Mines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 16th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.99%. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 76.24%.

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.