Agnico Eagle Mines (TSE:AEM) Stock Price Passes Above Two Hundred Day Moving Average of $90.25

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$90.25 and traded as high as C$107.11. Agnico Eagle Mines shares last traded at C$105.80, with a volume of 1,133,591 shares traded.

Analyst Ratings Changes

AEM has been the subject of a number of analyst reports. 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. National Bankshares set a C$104.00 price objective on Agnico Eagle Mines and gave the stock an “outperform” rating in a research note on Monday, June 24th. Eight Capital upped their target price on Agnico Eagle Mines from C$105.00 to C$115.00 in a research report on Thursday, July 11th. Finally, Canaccord Genuity Group increased their target price on Agnico Eagle Mines from C$105.00 to C$118.00 in a report on Tuesday, July 23rd. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$105.14.

Agnico Eagle Mines Trading Down 1.1 %

The firm’s 50-day simple moving average is C$102.87 and its 200 day simple moving average is C$90.25. The company has a debt-to-equity ratio of 9.94, a current ratio of 1.51 and a quick ratio of 0.89. The firm has a market capitalization of C$52.89 billion, a price-to-earnings ratio of 67.39, a P/E/G ratio of 22.97 and a beta of 1.05.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its quarterly 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 company had revenue of C$2.84 billion for the quarter, compared to analyst estimates of C$2.36 billion.

Agnico Eagle Mines Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be paid a $0.547 dividend. This is an increase from Agnico Eagle Mines’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.19 annualized dividend and a yield of 2.07%. Agnico Eagle Mines’s dividend payout ratio is presently 138.22%.

Insider Buying and Selling at Agnico Eagle Mines

In other news, Director John Merfyn Roberts sold 1,000 shares of the company’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of C$89.27, for a total transaction of C$89,267.00. In other news, Director John Merfyn Roberts sold 1,000 shares of Agnico Eagle Mines stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of C$89.27, for a total transaction of C$89,267.00. Also, Senior Officer Dominique Girard sold 11,000 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of C$104.33, for a total value of C$1,147,630.00. Insiders have sold 79,000 shares of company stock worth $8,411,677 over the last quarter. Corporate insiders own 0.08% of the company’s stock.

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.