Agnico Eagle Mines Limited (TSE:AEM) Director John Merfyn Roberts Sells 2,000 Shares

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Director John Merfyn Roberts sold 2,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of C$111.84, for a total value of C$223,680.00.

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

• 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 Trading Down 0.3 %

TSE:AEM traded down C$0.28 during mid-day trading on Monday, reaching C$111.56. 87,466 shares of the company’s stock traded hands, compared to its average volume of 1,271,462. The company has a 50 day moving average price of C$100.04 and a 200-day moving average price of C$88.14. The firm has a market capitalization of C$55.77 billion, a price-to-earnings ratio of 70.34, a PEG ratio of 22.97 and a beta of 1.05. 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 Limited has a 12-month low of C$59.36 and a 12-month high of C$112.70.

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. 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 for the quarter, compared to analysts’ expectations of C$2.36 billion. On average, sell-side analysts predict that Agnico Eagle Mines Limited will post 5.0386385 earnings per share for the current year.

Agnico Eagle Mines Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be given a $0.547 dividend. This represents a $2.19 annualized dividend and a dividend yield of 1.96%. This is a boost from Agnico Eagle Mines’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Friday, August 30th. Agnico Eagle Mines’s dividend payout ratio (DPR) is currently 136.48%.

Analyst Upgrades and Downgrades

AEM has been the topic of several recent research reports. Cormark increased their target price on shares of 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 objective on Agnico Eagle Mines and gave the stock an “outperform” rating in a report on Monday, June 24th. Eight Capital increased their target price on Agnico Eagle Mines from C$105.00 to C$115.00 in a report on Thursday, July 11th. Finally, Canaccord Genuity Group lifted their price target on Agnico Eagle Mines from C$105.00 to C$118.00 in a research note on Tuesday, July 23rd. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price 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.