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 company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of C$112.32, for a total transaction 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 shares were 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 shares were sold at an average price of C$89.27, for a total transaction of C$89,267.00.

Agnico Eagle Mines Price Performance

The business has a fifty day simple moving average of C$105.23 and a 200-day simple moving average of C$92.14. Agnico Eagle Mines Limited has a one year low of C$59.36 and a one year high of C$113.99. The company has a market cap of C$56.07 billion, a price-to-earnings ratio of 71.53, a P/E/G ratio of 22.97 and a beta of 1.10. 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 posted its quarterly earnings data on Wednesday, July 31st. The company reported C$1.46 earnings per share for the quarter, topping the consensus estimate of C$1.27 by C$0.19. Agnico Eagle Mines had a net margin of 8.49% and a return on equity of 3.10%. The company had revenue of C$2.84 billion for the quarter, compared to analysts’ expectations of C$2.36 billion. As a group, research analysts anticipate that Agnico Eagle Mines Limited will post 5.3998976 EPS for the current fiscal year.

Agnico Eagle Mines Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were issued a dividend of $0.547 per share. This is an increase from Agnico Eagle Mines’s previous quarterly dividend of $0.40. This represents a $2.19 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date of this dividend was Friday, August 30th. Agnico Eagle Mines’s payout ratio is currently 139.10%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AEM shares. Cormark raised their price target on Agnico Eagle Mines from C$110.00 to C$115.00 in a report on Monday, June 24th. Eight Capital lifted their target price on Agnico Eagle Mines from C$105.00 to C$115.00 in a report on Thursday, July 11th. National Bankshares set a C$104.00 price target on Agnico Eagle Mines and gave the company an “outperform” rating in a research report on Monday, June 24th. Finally, Canaccord Genuity Group raised 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. Four analysts have rated the stock with a buy rating, According to MarketBeat, Agnico Eagle Mines currently has a consensus rating of “Buy” and a consensus price target 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.