Agnico Eagle Mines (TSE:AEM) Stock Passes Above Two Hundred Day Moving Average - What's Next?

Agnico Eagle Mines Limited (TSE:AEM - Get Free Report) NYSE: AEM's share price passed 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 trading hands.

Analyst Ratings Changes

A number of research analysts have commented on the company. National Bankshares increased their target price on Agnico Eagle Mines from C$143.00 to C$144.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Stifel Nicolaus lifted their price objective on shares of Agnico Eagle Mines from C$114.00 to C$140.00 in a report on Monday, October 21st. Finally, UBS Group upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a research note on Tuesday, September 17th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of C$116.00.

Agnico Eagle Mines Stock Performance

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 50 day moving average of C$115.92 and a 200 day moving average of C$105.95. The stock has a market capitalization of C$59.73 billion, a P/E ratio of 74.51, a P/E/G ratio of 22.97 and a beta of 1.10.

Agnico Eagle Mines (TSE:AEM - Get Free Report) NYSE: AEM last posted 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 firm had revenue of C$2.94 billion during the quarter, compared to analysts' expectations of C$2.50 billion. Agnico Eagle Mines had a net margin of 8.49% and a return on equity of 3.10%. Equities analysts predict that Agnico Eagle Mines Limited will post 5.4966052 EPS for the current year.

Agnico Eagle Mines Cuts Dividend

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

Insider Activity at Agnico Eagle Mines

In related news, Senior Officer Ammar Al-Joundi sold 19,900 shares of Agnico Eagle Mines stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of C$109.25, for a total transaction of C$2,174,075.00. Also, Director John Merfyn Roberts sold 2,000 shares of the company's stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of C$112.32, for a total transaction of C$224,640.00. Insiders have sold a total of 76,972 shares of company stock worth $8,734,754 over the last ninety days. 0.08% of the stock is currently owned by corporate 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.