Agnico Eagle Mines (TSE:AEM) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$106.67 and traded as high as C$113.44. Agnico Eagle Mines shares last traded at C$113.33, with a volume of 434,414 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Stifel Nicolaus raised their price objective on shares of Agnico Eagle Mines from C$114.00 to C$140.00 in a research report on Monday, October 21st. National Bankshares increased their price target on shares of Agnico Eagle Mines from C$143.00 to C$144.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, UBS Group upgraded Agnico Eagle Mines to a “strong-buy” rating in a research report on Tuesday, September 17th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$116.00.

Agnico Eagle Mines Stock Down 0.3 %

The company has a market cap of C$56.62 billion, a PE ratio of 70.63, a PEG ratio of 22.97 and a beta of 1.10. The company has a debt-to-equity ratio of 9.94, a quick ratio of 0.89 and a current ratio of 1.51. The firm has a fifty day simple moving average of C$116.71 and a 200 day simple moving average of C$106.85.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its quarterly earnings results on Wednesday, October 30th. The company reported C$1.56 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.35 by C$0.21. The company had revenue of C$2.94 billion for the quarter, compared to analyst estimates of C$2.50 billion. Agnico Eagle Mines had a net margin of 8.49% and a return on equity of 3.10%. Equities research analysts predict that Agnico Eagle Mines Limited will post 5.4966052 EPS for the current year.

Agnico Eagle Mines Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend was Friday, November 29th. Agnico Eagle Mines’s payout ratio is 135.63%.

Insiders Place Their Bets

In related news, Senior Officer Christopher Charles Norman Vollmershausen sold 15,072 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of C$110.27, for a total value of C$1,661,989.44. Also, Senior Officer Jean Robitaille sold 10,000 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of C$122.00, for a total value of C$1,220,000.00. Insiders sold a total of 59,972 shares of company stock worth $6,808,814 in the last 90 days. 0.08% of the stock is owned by company insiders.

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.