Key Points
- Director John Merfyn Roberts sold 1,000 Agnico Eagle Mines shares at an average price of C$244.66, generating C$244,660. Following the sale, he owned 17,682 shares, a 5.35% reduction in his position.
- Agnico Eagle reported quarterly earnings of C$4.33 per share on C$5.53 billion in revenue, with a 40.45% net margin and 22.69% return on equity.
- The company pays a quarterly dividend of C$0.45, or C$1.80 annually, representing a 0.7% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of C$295.33.
Agnico Eagle Mines Limited (TSE:AEM - Get Free Report) (NYSE:AEM) Director John Merfyn Roberts sold 1,000 shares of the business's stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of C$244.66, for a total value of C$244,660.00. Following the completion of the transaction, the director directly owned 17,682 shares in the company, valued at approximately C$4,326,078.12. The trade was a 5.35% decrease in their position.
Agnico Eagle Mines Price Performance
Agnico Eagle Mines stock opened at C$253.20 on Wednesday. Agnico Eagle Mines Limited has a 12 month low of C$180.26 and a 12 month high of C$348.94. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.86 and a quick ratio of 0.89. The business has a 50 day simple moving average of C$219.37 and a 200-day simple moving average of C$259.22. The stock has a market capitalization of C$128.21 billion, a PE ratio of 21.68, a price-to-earnings-growth ratio of 22.97 and a beta of 1.83.
Agnico Eagle Mines (TSE:AEM - Get Free Report) (NYSE:AEM) last posted its quarterly earnings data on Wednesday, July 29th. The company reported C$4.33 earnings per share for the quarter. The firm had revenue of C$5.53 billion for the quarter. Agnico Eagle Mines had a net margin of 40.45% and a return on equity of 22.69%. Equities analysts predict that Agnico Eagle Mines Limited will post 5.4966052 earnings per share for the current year.
Agnico Eagle Mines Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Monday, June 1st. Agnico Eagle Mines's dividend payout ratio (DPR) is 14.55%.
Analyst Ratings Changes
A number of research analysts have recently issued reports on AEM shares. JPMorgan Chase & Co. dropped their price target on shares of Agnico Eagle Mines from C$321.00 to C$300.00 in a research note on Thursday, April 23rd. ATB Cormark Capital Markets upgraded shares of Agnico Eagle Mines from a "sector" rating to an "outperform" rating in a research report on Monday, May 4th. Stifel Nicolaus reduced their price objective on shares of Agnico Eagle Mines from C$350.00 to C$310.00 in a research report on Friday, July 17th. Barclays cut their target price on Agnico Eagle Mines from C$298.00 to C$266.00 in a research note on Thursday, July 16th. Finally, Jefferies Financial Group raised Agnico Eagle Mines from a "hold" rating to a "strong-buy" rating in a report on Monday, July 6th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of C$295.33.
View Our Latest Stock Report on AEM
About Agnico Eagle Mines
(
Get Free Report)
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.
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