Agnico Eagle Mines Ltd (AEM) Receives Average Recommendation of “Buy” from Analysts

Agnico Eagle Mines Ltd (TSE:AEM) (NYSE:AEM) has earned an average recommendation of “Buy” from the nine ratings firms that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$65.86.

Several equities research analysts have recently weighed in on AEM shares. Canaccord Genuity increased their price objective on shares of Agnico Eagle Mines from C$72.00 to C$73.00 in a research report on Thursday, July 27th. TD Securities increased their target price on shares of Agnico Eagle Mines to C$65.00 and gave the stock a “hold” rating in a research note on Thursday, August 3rd. Finally, National Bank Financial raised shares of Agnico Eagle Mines from a “sector perform” rating to an “outperform” rating in a research note on Sunday, July 23rd.

Shares of Agnico Eagle Mines (AEM) traded down 0.22% during trading on Tuesday, hitting $62.12. 393,091 shares of the stock were exchanged. The stock has a market cap of $14.36 billion and a P/E ratio of 57.10. Agnico Eagle Mines has a 52 week low of $46.91 and a 52 week high of $74.57. The firm’s 50 day moving average price is $59.53 and its 200-day moving average price is $60.33.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend is Wednesday, August 30th.

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In related news, insider Yvon Sylvestre sold 610 shares of the stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of C$63.50, for a total transaction of C$38,735.00. Also, Director John Merfyn Roberts sold 1,000 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of C$58.00, for a total transaction of C$58,000.00.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited is a gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States. The Company operates through three business units. The Northern Business consists of its operations in Canada and Finland.

Analyst Recommendations for Agnico Eagle Mines (TSE:AEM)

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