Guy Gosselin Sells 3,279 Shares of Agnico Eagle Mines Limited (TSE:AEM) Stock

Agnico Eagle Mines Limited (TSE:AEMGet Free Report) (NYSE:AEM) Senior Officer Guy Gosselin sold 3,279 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of C$94.00, for a total value of C$308,226.00.

Guy Gosselin also recently made the following trade(s):

  • On Monday, May 6th, Guy Gosselin sold 22,000 shares of Agnico Eagle Mines stock. The shares were sold at an average price of C$90.50, for a total value of C$1,991,000.00.

Agnico Eagle Mines Stock Down 4.9 %

Shares of Agnico Eagle Mines stock traded down C$4.54 on Tuesday, reaching C$89.03. 529,657 shares of the company were exchanged, compared to its average volume of 1,394,647. Agnico Eagle Mines Limited has a one year low of C$59.36 and a one year high of C$96.20. The company has a market capitalization of C$44.35 billion, a price-to-earnings ratio of 83.06, a PEG 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 of C$88.43 and a 200 day moving average of C$76.17.

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

Agnico Eagle Mines Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, June 14th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend is Friday, May 31st. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 199.07%.

Wall Street Analysts Forecast Growth

Several research firms have commented on AEM. National Bankshares cut their target price on Agnico Eagle Mines from C$105.00 to C$104.00 and set an “outperform” rating on the stock in a research note on Friday, April 19th. Veritas Investment Research boosted their target price on Agnico Eagle Mines from C$88.40 to C$118.00 in a research note on Friday, April 12th. Canaccord Genuity Group boosted their target price on Agnico Eagle Mines from C$92.00 to C$105.00 in a research note on Tuesday, April 23rd. Eight Capital boosted their target price on Agnico Eagle Mines from C$92.00 to C$105.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Finally, Cormark cut their target price on Agnico Eagle Mines from C$97.00 to C$90.00 in a research note on Tuesday, February 20th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$97.50.

View Our Latest Report on AEM

Agnico Eagle Mines Company Profile

(Get Free Report)

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.

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