Agnico Eagle Mines Limited (TSE:AEM) Director Sells C$224,640.00 in Stock

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Director John Merfyn Roberts sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of C$112.32, for a total value of C$224,640.00.

John Merfyn Roberts also recently made the following trade(s):

• On Friday, August 23rd, John Merfyn Roberts sold 2,000 shares of Agnico Eagle Mines stock. The stock was sold at an average price of C$111.84, for a total transaction of C$223,680.00.
• On Tuesday, June 25th, John Merfyn Roberts sold 1,000 shares of Agnico Eagle Mines stock. The shares were sold at an average price of C$89.27, for a total transaction of C$89,267.00.

Agnico Eagle Mines Price Performance

The firm’s 50-day simple moving average is C$105.23 and its 200-day simple moving average is C$92.14. The stock has a market cap of C$56.07 billion, a P/E ratio of 71.53, a PEG ratio of 22.97 and a beta of 1.10. The company has a debt-to-equity ratio of 9.94, a quick ratio of 0.89 and a current ratio of 1.51. Agnico Eagle Mines Limited has a twelve month low of C$59.36 and a twelve month high of C$113.99.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last posted its earnings results on Wednesday, July 31st. The company reported C$1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.27 by C$0.19. The firm had revenue of C$2.84 billion for the quarter, compared to analysts’ expectations of C$2.36 billion. Agnico Eagle Mines had a return on equity of 3.10% and a net margin of 8.49%. Analysts expect that Agnico Eagle Mines Limited will post 5.3998976 EPS for the current fiscal year.

Agnico Eagle Mines Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were issued a $0.547 dividend. The ex-dividend date was Friday, August 30th. This is a positive change from Agnico Eagle Mines’s previous quarterly dividend of $0.40. This represents a $2.19 annualized dividend and a yield of ∞. Agnico Eagle Mines’s dividend payout ratio is 139.10%.

Wall Street Analyst Weigh In

Several research firms have issued reports on AEM. Eight Capital upped their price target on shares of Agnico Eagle Mines from C$105.00 to C$115.00 in a research report on Thursday, July 11th. Cormark increased their target price on Agnico Eagle Mines from C$110.00 to C$115.00 in a report on Monday, June 24th. National Bankshares set a C$104.00 price target on Agnico Eagle Mines and gave the stock an “outperform” rating in a research note on Monday, June 24th. Finally, Canaccord Genuity Group boosted their price objective on Agnico Eagle Mines from C$105.00 to C$118.00 in a research report on Tuesday, July 23rd. Four research analysts have rated the stock with a buy rating, According to MarketBeat, Agnico Eagle Mines has a consensus rating of “Buy” and a consensus target price of C$105.14.

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.