Agnico Eagle Mines (TSE:AEM) Director John Merfyn Roberts Sells 1,500 Shares of Stock

Key Points

• Director John Merfyn Roberts sold 1,500 Agnico Eagle Mines shares at an average price of C$273.35, worth approximately C$410,025, reducing his holdings by 8.48% to 16,182 shares.
• Agnico Eagle Mines traded at C$283.22, with a market capitalization of about C$143.41 billion. The company reported C$4.33 quarterly EPS and C$5.53 billion in revenue, while maintaining a C$0.45 quarterly dividend.
• Analysts have a consensus “Moderate Buy” rating and an average price target of C$295.33, despite several firms recently lowering their targets.

Agnico Eagle Mines Limited (TSE:AEM - Get Free Report) NYSE: AEM Director John Merfyn Roberts sold 1,500 shares of the company's stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of C$273.35, for a total value of C$410,025.00. Following the transaction, the director owned 16,182 shares of the company's stock, valued at approximately C$4,423,349.70. This represents a 8.48% decrease in their position.

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 stock was sold at an average price of C$244.66, for a total value of C$244,660.00.

Agnico Eagle Mines Stock Performance

Agnico Eagle Mines stock traded down C$2.60 during midday trading on Friday, hitting C$283.22. The stock had a trading volume of 406,690 shares, compared to its average volume of 1,052,764. The company has a market capitalization of C$143.41 billion, a PE ratio of 24.25, a P/E/G ratio of 22.97 and a beta of 2.02. Agnico Eagle Mines Limited has a 52-week low of C$188.48 and a 52-week high of C$348.94. The firm's fifty day moving average is C$237.43 and its two-hundred day moving average is C$259.12. The company has a current ratio of 2.86, a quick ratio of 0.89 and a debt-to-equity ratio of 1.12.

Agnico Eagle Mines (TSE:AEM - Get Free Report) NYSE: AEM last released its earnings results on Wednesday, July 29th. The company reported C$4.33 earnings per share for the quarter. The business had revenue of C$5.53 billion for the quarter. Agnico Eagle Mines had a return on equity of 22.69% and a net margin of 40.45%. On average, research analysts forecast that Agnico Eagle Mines Limited will post 5.4966052 EPS for the current year.

Agnico Eagle Mines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.6%. Agnico Eagle Mines's dividend payout ratio is presently 14.55%.

Analyst Ratings Changes

A number of research firms have weighed in on AEM. Barclays cut their price target on Agnico Eagle Mines from C$298.00 to C$266.00 in a research note on Thursday, July 16th. Stifel Nicolaus decreased their target price on Agnico Eagle Mines from C$350.00 to C$310.00 in a research note on Friday, July 17th. National Bank Financial lowered their price target on Agnico Eagle Mines from C$350.00 to C$275.00 and set an "outperform" rating for the company in a report on Tuesday, July 14th. Finally, Jefferies Financial Group upgraded shares of Agnico Eagle Mines from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 6th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$295.33.

About Agnico Eagle Mines

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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