Agnico Eagle Mines Limited (TSE:AEM - Get Free Report) NYSE: AEM's share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$96.19 and traded as high as C$110.63. Agnico Eagle Mines shares last traded at C$109.33, with a volume of 598,389 shares traded.
A number of equities research analysts have commented on the company. Cormark lifted their target price on Agnico Eagle Mines from C$110.00 to C$115.00 in a research report on Monday, June 24th. Eight Capital increased their target price on shares of Agnico Eagle Mines from C$105.00 to C$115.00 in a research note on Thursday, July 11th. National Bankshares set a C$104.00 price target on shares of Agnico Eagle Mines and gave the company an "outperform" rating in a research report on Monday, June 24th. Canaccord Genuity Group upped their price objective on shares of Agnico Eagle Mines from C$105.00 to C$118.00 in a report on Tuesday, July 23rd. Finally, UBS Group upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a report on Tuesday, September 17th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of C$105.14.
View Our Latest Report on Agnico Eagle Mines
The company has a quick ratio of 0.89, a current ratio of 1.51 and a debt-to-equity ratio of 9.94. The stock has a market capitalization of C$54.78 billion, a PE ratio of 69.64, a PEG ratio of 22.97 and a beta of 1.10. The business's 50-day moving average is C$107.92 and its two-hundred day moving average is C$96.19.
Agnico Eagle Mines (TSE:AEM - Get Free Report) NYSE: AEM last announced its earnings results on Wednesday, July 31st. The company reported C$1.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$1.27 by C$0.19. Agnico Eagle Mines had a net margin of 8.49% and a return on equity of 3.10%. The business had revenue of C$2.84 billion for the quarter, compared to analyst estimates of C$2.36 billion. On average, analysts anticipate that Agnico Eagle Mines Limited will post 5.4545455 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were paid a $0.547 dividend. This is a boost from Agnico Eagle Mines's previous quarterly dividend of $0.40. This represents a $2.19 annualized dividend and a yield of 2.00%. The ex-dividend date was Friday, August 30th. Agnico Eagle Mines's payout ratio is currently 138.22%.
In other Agnico Eagle Mines news, Senior Officer Jean Robitaille sold 15,000 shares of the company's stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of C$113.42, for a total transaction of C$1,701,300.00. In other news, Senior Officer Carol-Ann Plummer-Theriault sold 25,000 shares of the business's stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of C$101.85, for a total value of C$2,546,250.00. Also, Senior Officer Jean Robitaille sold 15,000 shares of the business's stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of C$113.42, for a total transaction of C$1,701,300.00. Insiders sold 115,000 shares of company stock valued at $12,518,150 over the last ninety days. Corporate insiders own 0.08% of the company's stock.
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.
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