Agnico Eagle Mines (TSE:AEM) Share Price Passes Above 200 Day Moving Average of $79.20

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$79.20 and traded as high as C$93.78. Agnico Eagle Mines shares last traded at C$93.49, with a volume of 112,350 shares trading hands.

Analyst Upgrades and Downgrades

AEM has been the subject of several analyst reports. National Bankshares set a C$104.00 price target on Agnico Eagle Mines and gave the stock an “outperform” rating in a research note on Monday, June 24th. National Bank Financial restated an “outperform overweight” rating on shares of Agnico Eagle Mines in a research note on Monday, April 8th. Veritas Investment Research boosted their price target on shares of Agnico Eagle Mines from C$88.40 to C$118.00 in a research note on Friday, April 12th. Eight Capital set a C$105.00 price objective on Agnico Eagle Mines and gave the company a “buy” rating in a report on Monday, June 24th. Finally, Canaccord Genuity Group lifted their price target on Agnico Eagle Mines from C$92.00 to C$105.00 in a research note on Tuesday, April 23rd. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$100.63.

Agnico Eagle Mines Price Performance

The firm has a market cap of C$46.58 billion, a PE ratio of 86.56, a price-to-earnings-growth ratio of 22.97 and a beta of 1.04. The company has a current ratio of 2.21, a quick ratio of 0.89 and a debt-to-equity ratio of 10.14. The company has a 50 day moving average price of C$91.14 and a 200 day moving average price of C$79.20.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its quarterly earnings data on Thursday, April 25th. The company reported C$1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.82 by C$0.20. The firm had revenue of C$2.47 billion during the quarter, compared to analysts’ expectations of C$2.20 billion. Agnico Eagle Mines had a return on equity of 2.39% and a net margin of 6.79%. On average, sell-side analysts expect that Agnico Eagle Mines Limited will post 4.3937412 EPS for the current year.

Agnico Eagle Mines Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, June 14th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $1.60 dividend on an annualized basis and a yield of 1.71%. Agnico Eagle Mines’s payout ratio is 199.07%.

Insider Buying and Selling at Agnico Eagle Mines

In other Agnico Eagle Mines news, Senior Officer Christopher Charles Norman Vollmershausen sold 5,000 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of C$95.01, for a total value of C$475,050.00. In other news, Senior Officer Christopher Charles Norman Vollmershausen sold 5,000 shares of the business’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of C$95.01, for a total value of C$475,050.00. Also, Director Sean Boyd sold 120,000 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of C$90.08, for a total value of C$10,809,600.00. In the last three months, insiders sold 163,279 shares of company stock worth $14,798,903. 0.09% of the stock is owned by corporate insiders.

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.