Shares of Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) have received a consensus rating of “Hold” from the six analysts that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$62.75.
Several equities analysts have recently weighed in on the company. National Bank Financial cut their price objective on Agnico Eagle Mines from C$77.00 to C$70.00 in a report on Friday, January 26th. Canaccord Genuity lifted their price objective on Agnico Eagle Mines from C$77.00 to C$81.00 in a report on Friday, January 19th.
Agnico Eagle Mines traded down C$0.20, reaching C$55.96, during midday trading on Friday, according to Marketbeat Ratings. 82,926 shares of the company were exchanged, compared to its average volume of 677,928. Agnico Eagle Mines has a one year low of C$48.04 and a one year high of C$68.76.
Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its earnings results on Thursday, April 26th. The company reported C$0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.21 by C($0.02). Agnico Eagle Mines had a return on equity of 2.85% and a net margin of 6.21%. The company had revenue of C$731.21 million for the quarter, compared to the consensus estimate of C$705.50 million.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Friday, June 1st will be paid a $0.142 dividend. This is a boost from Agnico Eagle Mines’s previous quarterly dividend of $0.14. The ex-dividend date is Thursday, May 31st. This represents a $0.57 annualized dividend and a yield of 1.02%.
In other Agnico Eagle Mines news, Director Robert Gemmell sold 3,077 shares of the business’s stock in a transaction that occurred on Thursday, May 10th. The stock was sold at an average price of C$56.86, for a total value of C$174,958.22. Also, insider Jean Robitaille sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, March 23rd. The shares were sold at an average price of C$53.49, for a total value of C$267,450.00. Insiders sold a total of 28,787 shares of company stock worth $1,590,509 in the last 90 days.
About Agnico Eagle Mines
Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. The company operates through Northern Business and Southern Business segments. It primarily produces and sells gold deposit, as well as explores for silver, zinc, and copper deposits.
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