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

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Director John Merfyn Roberts sold 1,500 shares of Agnico Eagle Mines stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of C$273.35, for a total transaction of C$410,025.00. Following the transaction, the director owned 16,182 shares in the company, valued at approximately C$4,423,349.70. This trade represents 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 value of C$244,660.00.

Agnico Eagle Mines Trading Down 0.9%

Shares of AEM stock opened at C$283.22 on Friday. 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 stock has a fifty day simple moving average of C$237.43 and a two-hundred day simple moving average of C$259.12. The firm has a market capitalization of C$143.41 billion, a PE ratio of 24.25, a PEG ratio of 22.97 and a beta of 2.02. Agnico Eagle Mines Limited has a 52-week low of C$188.48 and a 52-week high of C$348.94.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its quarterly earnings data 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 firm had revenue of C$5.53 billion during the quarter. On average, analysts predict that Agnico Eagle Mines Limited will post 5.4966052 EPS for the current fiscal year.

Agnico Eagle Mines Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on AEM shares. Jefferies Financial Group raised shares of Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. National Bank Financial dropped their target price on shares of Agnico Eagle Mines from C$350.00 to C$275.00 and set an “outperform” rating for the company in a research report on Tuesday, July 14th. Stifel Nicolaus cut their target price on shares of Agnico Eagle Mines from C$350.00 to C$310.00 in a research note on Friday, July 17th. Finally, Barclays reduced their price target on shares of Agnico Eagle Mines from C$298.00 to C$266.00 in a report on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$295.33.

Agnico Eagle Mines Company Profile

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.