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 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 shares were sold at an average price of C$111.84, for a total value 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

Shares of Agnico Eagle Mines stock traded down C$0.10 on Tuesday, reaching C$112.09. 419,028 shares of the stock were exchanged, compared to its average volume of 1,252,582. The company has a debt-to-equity ratio of 9.94, a quick ratio of 0.89 and a current ratio of 1.51. The firm has a market cap of C$56.16 billion, a PE ratio of 71.92, a P/E/G ratio of 22.97 and a beta of 1.10. The firm’s 50 day moving average is C$105.23 and its 200-day moving average is C$92.14. Agnico Eagle Mines Limited has a one year low of C$59.36 and a one year high of C$113.99.

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

Agnico Eagle Mines Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were paid 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 1.95%. Agnico Eagle Mines’s dividend payout ratio (DPR) is 139.10%.

Wall Street Analyst Weigh In

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

Agnico Eagle Mines Company Profile

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.