Agnico Eagle Mines Limited (TSE:AEM) Director Sean Boyd Sells 5,200 Shares

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Director Sean Boyd sold 5,200 shares of the company’s stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of C$161.51, for a total transaction of C$839,852.00.

Agnico Eagle Mines Price Performance

Shares of AEM stock opened at C$153.51 on Friday. The business’s fifty day moving average is C$152.64 and its 200 day moving average is C$132.71. The company has a quick ratio of 0.89, a current ratio of 1.75 and a debt-to-equity ratio of 7.88. The stock has a market cap of C$54.28 billion, a price-to-earnings ratio of 53.93, a PEG ratio of 22.97 and a beta of 1.10. Agnico Eagle Mines Limited has a twelve month low of C$86.66 and a twelve month high of C$175.33.

Agnico Eagle Mines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, March 14th were paid a $0.40 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.60 annualized dividend and a dividend yield of 1.04%. Agnico Eagle Mines’s payout ratio is 76.24%.

Wall Street Analyst Weigh In

AEM has been the topic of a number of analyst reports. Cfra Research upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a research report on Friday, April 25th. Stifel Canada raised Agnico Eagle Mines to a “strong-buy” rating in a research report on Wednesday, March 19th. National Bankshares lifted their price objective on 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. National Bank Financial upgraded Agnico Eagle Mines to a “strong-buy” rating in a report on Friday, March 21st. Finally, Royal Bank of Canada lifted their price target on shares of Agnico Eagle Mines to C$105.00 and gave the company a “buy” rating in a report on Thursday, March 6th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$139.67.

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.