Agnico Eagle Mines (TSE:AEM) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$105.88 and traded as high as C$120.52. Agnico Eagle Mines shares last traded at C$119.22, with a volume of 911,657 shares.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Stifel Nicolaus upped their price target on shares of Agnico Eagle Mines from C$114.00 to C$140.00 in a report on Monday, October 21st. National Bankshares upped their price target on Agnico Eagle Mines from C$143.00 to C$144.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, UBS Group upgraded Agnico Eagle Mines to a “strong-buy” rating in a report on Tuesday, September 17th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Agnico Eagle Mines currently has an average rating of “Buy” and an average price target of C$116.00.

Agnico Eagle Mines Stock Down 1.7 %

The company has a debt-to-equity ratio of 9.94, a quick ratio of 0.89 and a current ratio of 1.51. The stock has a market cap of C$59.73 billion, a price-to-earnings ratio of 74.51, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10. The business’s 50 day moving average is C$115.92 and its 200 day moving average is C$105.88.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its earnings results on Wednesday, October 30th. The company reported C$1.56 EPS for the quarter, topping the consensus estimate of C$1.35 by C$0.21. The business had revenue of C$2.94 billion during the quarter, compared to analysts’ expectations of C$2.50 billion. Agnico Eagle Mines had a return on equity of 3.10% and a net margin of 8.49%. Equities analysts expect that Agnico Eagle Mines Limited will post 5.4966052 earnings per share for the current year.

Agnico Eagle Mines Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.34%. Agnico Eagle Mines’s dividend payout ratio is 135.63%.

Insider Buying and Selling

In related news, Director Sean Boyd sold 10,000 shares of Agnico Eagle Mines stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of C$116.15, for a total transaction of C$1,161,500.00. Also, Director John Merfyn Roberts sold 2,000 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of C$112.32, for a total value of C$224,640.00. Over the last three months, insiders sold 76,972 shares of company stock worth $8,734,754. 0.08% of the stock is owned by company insiders.

Agnico Eagle Mines Company Profile

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.