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 company’s stock in a transaction on 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 Up 0.7 %

TSE AEM opened at C$91.09 on Thursday. Agnico Eagle Mines Limited has a 12 month low of C$59.36 and a 12 month high of C$92.62. The stock’s 50 day moving average is C$81.16 and its 200 day moving average is C$72.63. The company has a current ratio of 2.21, a quick ratio of 0.89 and a debt-to-equity ratio of 10.14. The stock has a market cap of C$45.38 billion, a PE ratio of 83.57, a P/E/G ratio of 22.97 and a beta of 1.07.

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

Agnico Eagle Mines Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors 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 presently 197.25%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on AEM shares. Eight Capital increased their price objective on shares of 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. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Agnico Eagle Mines in a report on Monday, April 8th. Canaccord Genuity Group raised their target price on Agnico Eagle Mines from C$92.00 to C$105.00 in a research report on Tuesday, April 23rd. National Bankshares reduced their price target on shares of Agnico Eagle Mines from C$105.00 to C$104.00 and set an “outperform” rating for the company in a research report on Friday, April 19th. Finally, Stifel Nicolaus boosted their target price on shares of Agnico Eagle Mines from C$94.00 to C$104.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Agnico Eagle Mines has a consensus 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.