Key Points
- Director John Merfyn Roberts sold 1,500 Agnico Eagle Mines shares at an average price of C$273.35, generating C$410,025. Following the transaction, his holdings fell 8.48% to 16,182 shares.
- Agnico Eagle shares opened at C$283.22, with a market capitalization of C$143.41 billion. The company recently reported C$4.33 in quarterly EPS on C$5.53 billion in revenue and declared a quarterly dividend of $0.45.
- Analysts maintain a “Moderate Buy” consensus rating, with an average price target of C$295.33, although several brokerages recently lowered their targets.
Agnico Eagle Mines Limited (TSE:AEM - Get Free Report) (NYSE:AEM) Director John Merfyn Roberts sold 1,500 shares of the business's stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of C$273.35, for a total transaction of C$410,025.00. Following the completion of the sale, 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 ownership of the stock.
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 shares were sold at an average price of C$244.66, for a total transaction of C$244,660.00.
Agnico Eagle Mines Stock Down 0.9%
Shares of TSE:AEM opened at C$283.22 on Friday. The company has a market cap of C$143.41 billion, a price-to-earnings ratio of 24.25, a PEG ratio of 22.97 and a beta of 2.02. Agnico Eagle Mines Limited has a 12 month low of C$188.48 and a 12 month high of C$348.94. The company has a current ratio of 2.86, a quick ratio of 0.89 and a debt-to-equity ratio of 1.12. The company has a 50-day moving average price of C$237.43 and a 200 day moving average price of C$259.12.
Agnico Eagle Mines (TSE:AEM - Get Free Report) (NYSE:AEM) last issued 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 company had revenue of C$5.53 billion for the quarter. As a group, equities research analysts predict that Agnico Eagle Mines Limited will post 5.4966052 earnings per share for the current year.
Agnico Eagle Mines Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 15th will be given a $0.45 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $1.80 dividend on an annualized basis and a yield of 0.6%. Agnico Eagle Mines's dividend payout ratio (DPR) is currently 14.55%.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on AEM. Jefferies Financial Group raised shares of Agnico Eagle Mines from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 6th. Stifel Nicolaus cut their price target on shares of Agnico Eagle Mines from C$350.00 to C$310.00 in a report on Friday, July 17th. Barclays reduced their price objective on shares of Agnico Eagle Mines from C$298.00 to C$266.00 in a research report on Thursday, July 16th. Finally, National Bank Financial dropped their target price on 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. 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$295.33.
View Our Latest Report on Agnico Eagle Mines
Agnico Eagle Mines Company Profile
(
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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