Agnico Eagle Mines Limited (TSE:AEM) Director Sean Boyd Sells 10,000 Shares

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Director Sean Boyd sold 10,000 shares of Agnico Eagle Mines stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of C$116.15, for a total transaction of C$1,161,500.00.

Agnico Eagle Mines Trading Down 2.2 %

Shares of Agnico Eagle Mines stock opened at C$116.07 on Thursday. Agnico Eagle Mines Limited has a 52-week low of C$60.17 and a 52-week high of C$123.86. The firm has a market capitalization of C$58.15 billion, a PE ratio of 72.54, a price-to-earnings-growth 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. The company’s fifty day moving average price is C$112.54 and its two-hundred day moving average price is C$100.70.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last posted its 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 business had revenue of C$2.94 billion for the quarter, compared to analysts’ expectations of C$2.50 billion. Agnico Eagle Mines had a net margin of 8.49% and a return on equity of 3.10%. On average, analysts expect that Agnico Eagle Mines Limited will post 5.4966052 EPS for the current year.

Agnico Eagle Mines Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Friday, November 29th. Agnico Eagle Mines’s dividend payout ratio (DPR) is 135.63%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on AEM shares. National Bankshares lifted their price objective 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. Canaccord Genuity Group upped their price target on Agnico Eagle Mines from C$105.00 to C$118.00 in a report on Tuesday, July 23rd. Stifel Nicolaus raised their price objective on shares of Agnico Eagle Mines from C$114.00 to C$140.00 in a research note on Monday, October 21st. UBS Group upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a research note on Tuesday, September 17th. Finally, Eight Capital raised their price target on shares of Agnico Eagle Mines from C$105.00 to C$115.00 in a research report on Thursday, July 11th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Agnico Eagle Mines 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.