Agnico Eagle Mines Limited (TSE:AEM) Director Sells C$1,161,500.00 in Stock

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

Agnico Eagle Mines Trading Down 1.6 %

Agnico Eagle Mines stock opened at C$116.67 on Friday. Agnico Eagle Mines Limited has a 12-month low of C$60.17 and a 12-month high of C$123.86. The firm has a market capitalization of C$58.46 billion, a price-to-earnings ratio of 72.92, a P/E/G ratio of 22.97 and a beta of 1.10. The firm has a 50 day moving average of C$112.81 and a 200 day moving average of C$101.17. The company has a current ratio of 1.51, a quick ratio of 0.89 and a debt-to-equity ratio of 9.94.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its quarterly earnings data on Wednesday, October 30th. The company reported C$1.56 EPS 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. As a group, research analysts predict that Agnico Eagle Mines Limited will post 5.4966052 earnings per share 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 $0.40 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.60 annualized dividend and a dividend yield of 1.37%. Agnico Eagle Mines’s payout ratio is 135.63%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Stifel Nicolaus upped their price objective on Agnico Eagle Mines from C$114.00 to C$140.00 in a research report on Monday, October 21st. Canaccord Genuity Group increased their price objective on shares of Agnico Eagle Mines from C$105.00 to C$118.00 in a research note on Tuesday, July 23rd. UBS Group raised shares of Agnico Eagle Mines to a “strong-buy” rating in a report on Tuesday, September 17th. Finally, National Bankshares upped their target price on shares of Agnico Eagle Mines from C$143.00 to C$144.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$116.00.

About Agnico Eagle Mines

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.