Agnico Eagle Mines Limited (TSE:AEM) Director Sells C$89,267.00 in Stock

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Director John Merfyn Roberts sold 1,000 shares of Agnico Eagle Mines stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of C$89.27, for a total transaction of C$89,267.00.

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

• On Thursday, May 9th, John Merfyn Roberts sold 1,000 shares of Agnico Eagle Mines stock. The stock was sold at an average price of C$91.76, for a total transaction of C$91,760.00.

Agnico Eagle Mines Trading Up 1.1 %

Shares of TSE:AEM opened at C$89.55 on Thursday. Agnico Eagle Mines Limited has a 12-month low of C$59.36 and a 12-month high of C$96.20. The company has a market cap of C$44.61 billion, a PE ratio of 82.92, a price-to-earnings-growth ratio of 22.97 and a beta of 1.04. The stock has a 50 day moving average of C$90.66 and a 200 day moving average of C$78.42. The company has a current ratio of 2.21, a quick ratio of 0.89 and a debt-to-equity ratio of 10.14.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last posted its quarterly earnings results on Thursday, April 25th. The company reported C$1.02 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.82 by C$0.20. The business had revenue of C$2.47 billion during the quarter, compared to analyst estimates of C$2.20 billion. Agnico Eagle Mines had a net margin of 6.79% and a return on equity of 2.39%. As a group, equities research analysts expect that Agnico Eagle Mines Limited will post 4.3937412 EPS for the current year.

Agnico Eagle Mines Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, June 14th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $1.60 dividend on an annualized basis and a yield of 1.79%. Agnico Eagle Mines’s payout ratio is presently 199.07%.

Wall Street Analysts Forecast Growth

AEM has been the topic of several research analyst reports. Cormark increased their price target on Agnico Eagle Mines from C$110.00 to C$115.00 in a report on Monday. National Bank Financial reissued an “outperform overweight” rating on shares of Agnico Eagle Mines in a research report on Monday, April 8th. Canaccord Genuity Group upped their price target on shares of Agnico Eagle Mines from C$92.00 to C$105.00 in a research report on Tuesday, April 23rd. Veritas Investment Research increased their price objective on shares of Agnico Eagle Mines from C$88.40 to C$118.00 in a research note on Friday, April 12th. Finally, Stifel Nicolaus boosted their target price on shares of Agnico Eagle Mines from C$94.00 to C$104.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$100.63.

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.