Agnico Eagle Mines Limited (TSE:AEM) Director Sean Boyd Sells 120,000 Shares

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Director Sean Boyd sold 120,000 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of C$90.08, for a total value of C$10,809,600.00.

Agnico Eagle Mines Stock Performance

TSE:AEM traded up C$0.65 during mid-day trading on Wednesday, reaching C$91.09. 1,036,987 shares of the stock were exchanged, compared to its average volume of 1,423,302. The company has a 50 day simple moving average of C$80.64 and a 200-day simple moving average of C$72.50. The stock has a market capitalization of C$45.38 billion, a P/E ratio of 82.97, a P/E/G ratio of 22.97 and a beta of 1.07. The company has a quick ratio of 0.89, a current ratio of 2.21 and a debt-to-equity ratio of 10.14. Agnico Eagle Mines Limited has a 1 year low of C$59.36 and a 1 year high of C$92.62.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its quarterly earnings results on Thursday, February 15th. The company reported C$0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.65 by C$0.13. The firm had revenue of C$2.39 billion for the quarter, compared to the consensus estimate of C$2.04 billion. Agnico Eagle Mines had a return on equity of 2.39% and a net margin of 6.79%. Analysts anticipate that Agnico Eagle Mines Limited will post 4.3972332 earnings per share for the current fiscal year.

Agnico Eagle Mines Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.60 annualized dividend and a dividend yield of 1.76%. Agnico Eagle Mines’s dividend payout ratio (DPR) is 197.25%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Canaccord Genuity Group increased their price target on Agnico Eagle Mines from C$92.00 to C$105.00 in a research report on Tuesday, April 23rd. Eight Capital increased their price target on Agnico Eagle Mines from C$92.00 to C$105.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. TD Securities reduced their price target on Agnico Eagle Mines to C$62.00 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. Cormark dropped their price objective on Agnico Eagle Mines from C$97.00 to C$90.00 in a report on Tuesday, February 20th. Finally, Veritas Investment Research increased their price objective on Agnico Eagle Mines from C$88.40 to C$118.00 in a report on Friday, April 12th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, Agnico Eagle Mines currently has an average rating of “Buy” and an average price target of C$97.50.

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.