Agnico Eagle Mines Limited (TSE:AEM) Senior Officer Guy Gosselin Sells 22,500 Shares

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Senior Officer Guy Gosselin sold 22,500 shares of Agnico Eagle Mines stock in a transaction on Thursday, January 9th. The stock was sold at an average price of C$121.80, for a total transaction of C$2,740,500.00.

Agnico Eagle Mines Trading Down 0.0 %

Shares of AEM stock opened at C$121.69 on Friday. The business has a 50-day moving average of C$115.84 and a 200 day moving average of C$108.86. The company has a debt-to-equity ratio of 9.94, a current ratio of 1.51 and a quick ratio of 0.89. Agnico Eagle Mines Limited has a 1-year low of C$60.17 and a 1-year high of C$123.86. The stock has a market capitalization of C$60.97 billion, a PE ratio of 76.06, a P/E/G ratio of 22.97 and a beta of 1.10.

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

Agnico Eagle Mines Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date was Friday, November 29th. Agnico Eagle Mines’s payout ratio is 135.63%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. UBS Group upgraded Agnico Eagle Mines to a “strong-buy” rating in a research report on Tuesday, September 17th. Stifel Nicolaus boosted their target price on Agnico Eagle Mines from C$114.00 to C$140.00 in a research report on Monday, October 21st. Finally, National Bankshares increased their price target on shares of Agnico Eagle Mines from C$143.00 to C$144.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. 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, Agnico Eagle Mines presently 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.