Agnico Eagle Mines Limited (TSE:AEM) Director Sells C$10,809,600.00 in Stock

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Director Sean Boyd sold 120,000 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of C$90.08, for a total transaction of C$10,809,600.00.

Agnico Eagle Mines Stock Performance

Shares of TSE:AEM opened at C$93.15 on Friday. The stock has a market capitalization of C$46.41 billion, a price-to-earnings ratio of 85.46, a price-to-earnings-growth ratio of 22.97 and a beta of 1.07. The business’s fifty day moving average price is C$81.72 and its two-hundred day moving average price is C$72.78. Agnico Eagle Mines Limited has a fifty-two week low of C$59.36 and a fifty-two week high of C$93.27. The company has a debt-to-equity ratio of 10.14, a current ratio of 2.21 and a quick ratio of 0.89.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last posted its earnings results on Thursday, February 15th. The company reported C$0.78 earnings per share for the quarter, topping the consensus estimate of C$0.65 by C$0.13. Agnico Eagle Mines had a net margin of 6.79% and a return on equity of 2.39%. The business had revenue of C$2.39 billion for the quarter, compared to analyst estimates of C$2.04 billion. As a group, analysts predict that Agnico Eagle Mines Limited will post 4.3972332 EPS for the current fiscal year.

Agnico Eagle Mines Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, June 14th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Friday, May 31st. Agnico Eagle Mines’s payout ratio is currently 197.25%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on AEM shares. National Bankshares reduced their target price on shares of Agnico Eagle Mines from C$105.00 to C$104.00 and set an “outperform” rating for the company in a research note on Friday, April 19th. National Bank Financial reissued an “outperform overweight” rating on shares of Agnico Eagle Mines in a report on Monday, April 8th. Eight Capital upped their target price on Agnico Eagle Mines from C$92.00 to C$105.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Stifel Nicolaus lifted their price target on shares of Agnico Eagle Mines from C$94.00 to C$104.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Finally, Canaccord Genuity Group increased their price objective on shares of Agnico Eagle Mines from C$92.00 to C$105.00 in a research note on Tuesday, April 23rd. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Agnico Eagle Mines currently has an average rating of “Buy” and a consensus target price of C$97.50.

About Agnico Eagle Mines

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.