Agnico Eagle Mines (TSE:AEM) Director John Merfyn Roberts Sells 1,000 Shares

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Director John Merfyn Roberts sold 1,000 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of C$244.66, for a total transaction of C$244,660.00. Following the completion of the transaction, the director owned 17,682 shares in the company, valued at C$4,326,078.12. This represents a 5.35% decrease in their ownership of the stock.

Agnico Eagle Mines Stock Up 0.7%

AEM stock opened at C$253.20 on Wednesday. The stock has a market cap of C$128.21 billion, a P/E ratio of 21.68, a PEG ratio of 22.97 and a beta of 1.83. The company has a current ratio of 2.86, a quick ratio of 0.89 and a debt-to-equity ratio of 1.12. Agnico Eagle Mines Limited has a twelve month low of C$180.26 and a twelve month high of C$348.94. The company’s 50 day moving average is C$219.37 and its two-hundred day moving average is C$259.22.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its earnings results on Wednesday, July 29th. The company reported C$4.33 earnings per share (EPS) for the quarter. Agnico Eagle Mines had a net margin of 40.45% and a return on equity of 22.69%. The business had revenue of C$5.53 billion during the quarter. Research analysts expect that Agnico Eagle Mines Limited will post 5.4966052 earnings per share for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, June 1st. Agnico Eagle Mines’s dividend payout ratio is currently 14.55%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Stifel Nicolaus cut their target price on Agnico Eagle Mines from C$350.00 to C$310.00 in a research report on Friday, July 17th. ATB Cormark Capital Markets upgraded Agnico Eagle Mines from a “sector” rating to an “outperform” rating in a research note on Monday, May 4th. BMO Capital Markets lifted their price target on Agnico Eagle Mines from C$350.00 to C$370.00 in a research report on Wednesday, April 22nd. Jefferies Financial Group upgraded Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 6th. Finally, Barclays decreased their price objective on Agnico Eagle Mines from C$298.00 to C$266.00 in a report on Thursday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$295.33.

Agnico Eagle Mines Company Profile

Canadian-based and led, Agnico Eagle is Canada’s largest mining company and the second largest gold producer in the world, operating mines in Canada, Australia, Finland and Mexico. The Company is advancing a pipeline of high-quality development projects in these regions to support sustainable growth over the next decade. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading sustainability practices. Agnico Eagle was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.