Agnico Eagle Mines Limited (TSE:AEM) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) have been assigned an average rating of “Moderate Buy” from the eight analysts that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$318.83.

AEM has been the topic of a number of research reports. JPMorgan Chase & Co. decreased their target price on shares of Agnico Eagle Mines from C$321.00 to C$300.00 in a research note on Thursday, April 23rd. Stifel Nicolaus raised their price objective on Agnico Eagle Mines from C$300.00 to C$350.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. BMO Capital Markets boosted their price objective on Agnico Eagle Mines from C$350.00 to C$370.00 in a research report on Wednesday, April 22nd. Erste Group Bank cut Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Finally, National Bank Financial set a C$350.00 target price on Agnico Eagle Mines and gave the company an “outperform” rating in a research report on Monday, May 25th.

Agnico Eagle Mines Trading Down 0.9%

AEM opened at C$226.00 on Tuesday. The company has a market cap of C$113.01 billion, a P/E ratio of 21.28, a PEG ratio of 22.97 and a beta of 1.75. The company has a current ratio of 3.15, a quick ratio of 0.89 and a debt-to-equity ratio of 1.21. The company’s 50 day moving average is C$266.68 and its 200-day moving average is C$268.11. Agnico Eagle Mines has a 1-year low of C$156.93 and a 1-year high of C$348.94.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its quarterly earnings data on Thursday, April 30th. The company reported C$4.73 earnings per share (EPS) for the quarter. The business had revenue of C$5.70 billion during the quarter. Agnico Eagle Mines had a net margin of 39.48% and a return on equity of 22.08%. Equities research analysts predict that Agnico Eagle Mines will post 5.4966052 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 15th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Monday, June 1st. Agnico Eagle Mines’s dividend payout ratio (DPR) is 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.