Agnico Eagle Mines (TSE:AEM) Stock Gets Price Target Cut from TD

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its price objective decreased by TD from C$244.00 to C$242.00 in a research note published on Tuesday,BayStreet reports. TD currently has a buy rating on the stock.

AEM has been the topic of a number of other research reports. Jefferies Financial Group upgraded shares of Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. Barclays reduced their price objective on shares of Agnico Eagle Mines from C$298.00 to C$266.00 in a research note on Thursday, July 16th. National Bank Financial decreased their price objective on Agnico Eagle Mines from C$315.00 to C$310.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, Stifel Nicolaus decreased their price objective on Agnico Eagle Mines from C$350.00 to C$310.00 in a report on Friday, July 17th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$292.71.

Agnico Eagle Mines Stock Down 6.2%

TSE:AEM opened at C$246.72 on Tuesday. Agnico Eagle Mines has a one year low of C$188.48 and a one year high of C$348.94. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.86 and a quick ratio of 0.89. The company has a market cap of C$123.60 billion, a PE ratio of 21.12, a P/E/G ratio of 22.97 and a beta of 2.00. The firm’s 50 day simple moving average is C$273.58 and its 200 day simple moving average is C$252.55.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its quarterly earnings results on Wednesday, July 29th. The company reported C$4.33 earnings per share (EPS) for the quarter. Agnico Eagle Mines had a net margin of 40.45% and a return on equity of 22.69%. The firm had revenue of C$5.53 billion during the quarter. On average, research analysts anticipate that Agnico Eagle Mines will post 5.50 earnings per share for the current year.

Agnico Eagle Mines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 15th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Tuesday, September 1st. Agnico Eagle Mines’s dividend payout ratio (DPR) is 14.55%.

Insider Activity at Agnico Eagle Mines

In related news, Director John Merfyn Roberts sold 1,500 shares of Agnico Eagle Mines stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of C$273.35, for a total value of C$410,025.00. Following the transaction, the director directly owned 16,182 shares of the company’s stock, valued at C$4,423,349.70. The trade was a 8.48% decrease in their ownership of the stock. 0.08% of the stock is currently owned by corporate insiders.

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.