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

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Director John Merfyn Roberts sold 2,000 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of C$118.43, for a total transaction of C$236,860.00.

Agnico Eagle Mines Price Performance

TSE:AEM opened at C$120.83 on Thursday. The company has a market capitalization of C$60.54 billion, a P/E ratio of 75.52, a P/E/G ratio of 22.97 and a beta of 1.10. Agnico Eagle Mines Limited has a 12 month low of C$60.17 and a 12 month high of C$123.86. The business’s 50-day moving average is C$115.90 and its 200 day moving average is C$109.53. The company has a current ratio of 1.51, a quick ratio of 0.89 and a debt-to-equity ratio of 9.94.

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

Agnico Eagle Mines Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were given a $0.40 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.60 annualized dividend and a yield of 1.32%. Agnico Eagle Mines’s dividend payout ratio is currently 135.63%.

Analyst Upgrades and Downgrades

AEM has been the subject of a number of analyst reports. National Bankshares increased their price target on Agnico Eagle Mines from C$143.00 to C$144.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Stifel Nicolaus increased their target price on Agnico Eagle Mines from C$114.00 to C$140.00 in a research report on Monday, October 21st. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$116.00.

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.