Agnico Eagle Mines (TSE:AEM) Director John Merfyn Roberts Sells 1,500 Shares of Stock

Agnico Eagle Mines Limited (TSE:AEMGet Free Report) (NYSE:AEM) Director John Merfyn Roberts sold 1,500 shares of the stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of C$273.35, for a total value of C$410,025.00. Following the completion of the transaction, the director directly owned 16,182 shares of the company’s stock, valued at approximately C$4,423,349.70. The trade was a 8.48% decrease in their position.

John Merfyn Roberts also recently made the following trade(s):

  • On Monday, August 10th, John Merfyn Roberts sold 1,000 shares of Agnico Eagle Mines stock. The stock was sold at an average price of C$244.66, for a total transaction of C$244,660.00.

Agnico Eagle Mines Stock Down 0.9%

Shares of TSE:AEM traded down C$2.60 during trading on Friday, reaching C$283.22. 406,690 shares of the company traded hands, compared to its average volume of 1,052,764. The firm has a fifty day simple moving average of C$237.43 and a 200 day simple moving average of C$259.12. The company has a quick ratio of 0.89, a current ratio of 2.86 and a debt-to-equity ratio of 1.12. Agnico Eagle Mines Limited has a 1-year low of C$188.48 and a 1-year high of C$348.94. The firm has a market cap of C$143.41 billion, a P/E ratio of 24.25, a price-to-earnings-growth ratio of 22.97 and a beta of 2.02.

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

Agnico Eagle Mines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 15th will be paid a $0.45 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.6%. Agnico Eagle Mines’s dividend payout ratio is currently 14.55%.

Wall Street Analyst Weigh In

AEM has been the topic of a number of analyst reports. Jefferies Financial Group raised shares of Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 6th. Barclays decreased their price objective on Agnico Eagle Mines from C$298.00 to C$266.00 in a report on Thursday, July 16th. National Bank Financial lowered their price objective 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. Finally, Stifel Nicolaus dropped their target price on Agnico Eagle Mines from C$350.00 to C$310.00 in a report on Friday, July 17th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$295.33.

Check Out Our Latest Stock Analysis on Agnico Eagle Mines

Agnico Eagle Mines Company Profile

(Get Free Report)

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.

Further Reading

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