Agnico Eagle Mines Limited (TSE:AEM) Director Sells C$1,161,500.00 in Stock

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

Agnico Eagle Mines Stock Down 1.6 %

TSE:AEM opened at C$116.67 on Friday. 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 market cap of C$58.46 billion, a P/E ratio of 72.92, a P/E/G ratio of 22.97 and a beta of 1.10. Agnico Eagle Mines Limited has a fifty-two week low of C$60.17 and a fifty-two week high of C$123.86. The firm has a 50-day simple moving average of C$112.81 and a two-hundred day simple moving average of C$101.17.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its quarterly earnings data on Wednesday, October 30th. The company reported C$1.56 earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of C$2.50 billion. Analysts predict that Agnico Eagle Mines Limited will post 5.4966052 earnings per share for the current fiscal year.

Agnico Eagle Mines Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a $0.40 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.60 annualized dividend and a yield of 1.37%. Agnico Eagle Mines’s payout ratio is 135.63%.

Analyst Upgrades and Downgrades

AEM has been the subject of a number of research reports. Stifel Nicolaus increased their price objective on Agnico Eagle Mines from C$114.00 to C$140.00 in a report 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. National Bankshares boosted their price objective on shares of 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. Finally, Canaccord Genuity Group raised their target price on shares of Agnico Eagle Mines from C$105.00 to C$118.00 in a research note on Tuesday, July 23rd. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Agnico Eagle Mines presently has an average rating of “Buy” and a consensus price target 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.