Agnico Eagle Mines (TSE:AEM – Get Free Report) (NYSE:AEM) announced its earnings results on Wednesday. The company reported C$3.72 earnings per share for the quarter, FiscalAI reports. The business had revenue of C$5.10 billion during the quarter. Agnico Eagle Mines had a net margin of 41.00% and a return on equity of 22.64%.
Agnico Eagle Mines Stock Down 4.1%
Shares of TSE:AEM opened at C$245.54 on Friday. The firm’s 50-day moving average is C$271.48 and its two-hundred day moving average is C$263.06. The firm has a market capitalization of C$123.01 billion, a PE ratio of 21.02, a price-to-earnings-growth ratio of 22.97 and a beta of 2.00. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.75 and a quick ratio of 0.89. Agnico Eagle Mines has a 1 year low of C$188.48 and a 1 year high of C$348.94.
Agnico Eagle Mines Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 15th were paid a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.7%. Agnico Eagle Mines’s payout ratio is presently 14.55%.
Insider Activity
In other Agnico Eagle Mines news, Director John Merfyn Roberts sold 1,500 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of C$273.35, for a total value of C$410,025.00. Following the transaction, the director directly owned 16,182 shares in the company, valued at C$4,423,349.70. This represents a 8.48% decrease in their ownership of the stock. Company insiders own 0.08% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the stock. Stifel Nicolaus dropped their price target on shares of Agnico Eagle Mines from C$350.00 to C$310.00 in a research note on Friday, July 17th. Freedom Broker downgraded Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 22nd. Barclays reduced their price objective on Agnico Eagle Mines from C$298.00 to C$266.00 in a research note on Thursday, July 16th. TD lowered their price target on Agnico Eagle Mines from C$244.00 to C$242.00 and set a “buy” rating for the company in a research report on Tuesday, October 20th. Finally, Jefferies Financial Group upgraded shares of Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$292.71.
View Our Latest Report on Agnico Eagle Mines
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.
Featured Articles
- Five stocks we like better than Agnico Eagle Mines
- Chipotle’s $32 Floor: Is a Major Stock Rebound Coming?
- SaaS-Pocalypse II: Is ServiceNow’s Sell-Off Another Buying Opportunity?
- Robinhood Stock Is Down Nearly 37%—So Why Is Wall Street Still So Bullish?
- 5 Stocks to Buy in November: Bargains Worth Giving Thanks For
Receive News & Ratings for Agnico Eagle Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agnico Eagle Mines and related companies with MarketBeat.com's FREE daily email newsletter.
