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

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$135.63 and traded as high as C$148.87. Agnico Eagle Mines shares last traded at C$148.81, with a volume of 973,625 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on AEM shares. National Bank Financial upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a research report on Friday, March 21st. UBS Group downgraded shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 31st. Stifel Nicolaus upped their price objective on shares of Agnico Eagle Mines from C$185.00 to C$195.00 in a research report on Monday, April 28th. Royal Bank of Canada upped their price objective on shares of Agnico Eagle Mines to C$105.00 and gave the stock a “buy” rating in a research report on Thursday, March 6th. Finally, National Bankshares upped their price objective on shares of Agnico Eagle Mines from C$160.00 to C$190.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 19th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$139.67.

Agnico Eagle Mines Stock Performance

The company has a current ratio of 1.75, a quick ratio of 0.89 and a debt-to-equity ratio of 7.88. The firm’s 50-day moving average is C$155.59 and its two-hundred day moving average is C$135.63. The stock has a market cap of C$52.62 billion, a price-to-earnings ratio of 52.28, a P/E/G ratio of 22.97 and a beta of 1.10.

Agnico Eagle Mines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 16th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, May 30th. This represents a $1.60 annualized dividend and a dividend yield of 1.08%. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 76.24%.

Insider Buying and Selling

In related news, Senior Officer Carol-Ann Plummer-Theriault sold 5,000 shares of the company’s stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of C$150.99, for a total transaction of C$754,950.00. Also, Senior Officer Guy Gosselin sold 3,527 shares of the company’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of C$157.50, for a total transaction of C$555,502.50. Insiders sold a total of 35,353 shares of company stock worth $5,354,423 in the last 90 days. Insiders own 0.08% of the company’s stock.

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.