Agnico Eagle Mines Limited (TSE:AEM) Senior Officer Sells C$591,250.00 in Stock

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Senior Officer Jean Robitaille sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of C$118.25, for a total value of C$591,250.00.

Jean Robitaille also recently made the following trade(s):

• On Tuesday, September 24th, Jean Robitaille sold 15,000 shares of Agnico Eagle Mines stock. The stock was sold at an average price of C$113.42, for a total value of C$1,701,300.00.

Agnico Eagle Mines Trading Up 0.8 %

TSE:AEM traded up C$0.89 on Friday, reaching C$117.65. The company’s stock had a trading volume of 245,125 shares, compared to its average volume of 1,205,562. Agnico Eagle Mines Limited has a 1-year low of C$60.17 and a 1-year high of C$123.86. 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 firm has a market cap of C$58.95 billion, a PE ratio of 72.98, a PEG ratio of 22.97 and a beta of 1.10. The business’s 50-day moving average price is C$112.92 and its two-hundred day moving average price is C$102.75.

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

Agnico Eagle Mines Cuts Dividend

The company 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 $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 1.36%. Agnico Eagle Mines’s dividend payout ratio (DPR) is 135.63%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AEM. National Bankshares upped their price target 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 upped their target price on Agnico Eagle Mines from C$114.00 to C$140.00 in a research note on Monday, October 21st. Finally, UBS Group raised shares of 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 given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$116.00.

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.