John Merfyn Roberts Sells 1,000 Shares of Agnico Eagle Mines (TSE:AEM) Stock

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Director John Merfyn Roberts sold 1,000 shares of Agnico Eagle Mines stock in a transaction on Monday, August 10th. The stock was sold at an average price of C$244.66, for a total value of C$244,660.00. Following the transaction, the director directly owned 17,682 shares of the company’s stock, valued at approximately C$4,326,078.12. This represents a 5.35% decrease in their ownership of the stock.

Agnico Eagle Mines Stock Up 1.8%

AEM opened at C$257.82 on Thursday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.89 and a current ratio of 2.86. The company has a market cap of C$130.55 billion, a price-to-earnings ratio of 22.07, a PEG ratio of 22.97 and a beta of 1.83. Agnico Eagle Mines Limited has a one year low of C$180.26 and a one year high of C$348.94. The business’s fifty day moving average is C$219.75 and its two-hundred day moving average is C$258.97.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its quarterly earnings results on Wednesday, July 29th. The company reported C$4.33 earnings per share for the quarter. Agnico Eagle Mines had a return on equity of 22.69% and a net margin of 40.45%.The business had revenue of C$5.53 billion during the quarter. Analysts anticipate that Agnico Eagle Mines Limited will post 5.4966052 EPS for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were given a dividend of $0.45 per share. The ex-dividend date was Monday, June 1st. This represents a $1.80 dividend on an annualized basis and a yield of 0.7%. Agnico Eagle Mines’s payout ratio is presently 14.55%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on AEM shares. ATB Cormark Capital Markets raised shares of Agnico Eagle Mines from a “sector” rating to an “outperform” rating in a research note on Monday, May 4th. National Bank Financial reduced their target price on Agnico Eagle Mines from C$350.00 to C$275.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 14th. Barclays lowered their target price on Agnico Eagle Mines from C$298.00 to C$266.00 in a report on Thursday, July 16th. JPMorgan Chase & Co. cut their price target on Agnico Eagle Mines from C$321.00 to C$300.00 in a report on Thursday, April 23rd. Finally, Jefferies Financial Group upgraded Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Agnico Eagle Mines has an average rating of “Moderate Buy” and an average price target of C$295.33.

About Agnico Eagle Mines

Canadian-based and led, Agnico Eagle is Canada’s largest mining company and the second largest gold producer in the world, operating mines in Canada, Australia, Finland and Mexico. The Company is advancing a pipeline of high-quality development projects in these regions to support sustainable growth over the next decade. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading sustainability practices. Agnico Eagle was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.