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 business’s stock in a transaction dated 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 stock was sold at an average price of C$89.27, for a total transaction of C$89,267.00.

Agnico Eagle Mines Stock Down 0.1 %

Shares of AEM traded down C$0.10 during trading hours on Tuesday, hitting C$112.09. The stock had a trading volume of 419,028 shares, compared to its average volume of 1,252,582. Agnico Eagle Mines Limited has a 1-year low of C$59.36 and a 1-year high of C$113.99. The firm has a market capitalization of C$56.16 billion, a P/E ratio of 71.92, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10. The firm has a 50 day simple moving average of C$105.23 and a 200-day simple moving average of C$92.14. The company has a debt-to-equity ratio of 9.94, a current ratio of 1.51 and a quick ratio of 0.89.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its earnings results on Wednesday, July 31st. The company reported C$1.46 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of C$2.84 billion for the quarter, compared to analyst estimates of C$2.36 billion. Sell-side analysts predict that Agnico Eagle Mines Limited will post 5.3998976 EPS for the current fiscal year.

Agnico Eagle Mines Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were issued a $0.547 dividend. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date was Friday, August 30th. This is a positive change from Agnico Eagle Mines’s previous quarterly dividend of $0.40. Agnico Eagle Mines’s dividend payout ratio is currently 139.10%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Cormark upped their price target on Agnico Eagle Mines from C$110.00 to C$115.00 in a research report on Monday, June 24th. National Bankshares set a C$104.00 price target on shares of Agnico Eagle Mines and gave the stock an “outperform” rating in a research report on Monday, June 24th. Canaccord Genuity Group increased their price objective on shares of Agnico Eagle Mines from C$105.00 to C$118.00 in a research report on Tuesday, July 23rd. Finally, 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. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target 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.