Sean Boyd Sells 10,000 Shares of Agnico Eagle Mines Limited (TSE:AEM) Stock

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Director Sean Boyd sold 10,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of C$116.15, for a total transaction of C$1,161,500.00.

Agnico Eagle Mines Price Performance

Shares of TSE AEM opened at C$118.59 on Friday. Agnico Eagle Mines Limited has a 1-year low of C$60.17 and a 1-year high of C$123.86. The firm has a market capitalization of C$59.42 billion, a PE ratio of 74.12, a P/E/G ratio of 22.97 and a beta of 1.10. The company has a debt-to-equity ratio of 9.94, a current ratio of 1.51 and a quick ratio of 0.89. The business’s fifty day moving average price is C$112.71 and its two-hundred day moving average price is C$100.95.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its quarterly earnings data on Wednesday, October 30th. The company reported C$1.56 earnings per share for the quarter, beating the consensus estimate of C$1.35 by C$0.21. Agnico Eagle Mines had a net margin of 8.49% and a return on equity of 3.10%. The firm had revenue of C$2.94 billion for the quarter, compared to the consensus estimate of C$2.50 billion. On average, research analysts expect that Agnico Eagle Mines Limited will post 5.4966052 EPS for the current year.

Agnico Eagle Mines Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.60 annualized dividend and a dividend yield of 1.35%. Agnico Eagle Mines’s dividend payout ratio is presently 135.63%.

Analysts Set New Price Targets

AEM has been the subject of a number of research reports. Eight Capital lifted their price target on Agnico Eagle Mines from C$105.00 to C$115.00 in a research note on Thursday, July 11th. UBS Group upgraded Agnico Eagle Mines to a “strong-buy” rating in a research report on Tuesday, September 17th. Canaccord Genuity Group upped their price target on Agnico Eagle Mines from C$105.00 to C$118.00 in a research report on Tuesday, July 23rd. National Bankshares raised their price objective on Agnico Eagle Mines from C$143.00 to C$144.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Stifel Nicolaus increased their target price on shares of Agnico Eagle Mines from C$114.00 to C$140.00 in a report on Monday, October 21st. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$116.00.

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.