Agnico Eagle Mines Limited (TSE:AEM) Senior Officer Sells C$1,661,989.44 in Stock

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Senior Officer Christopher Charles Norman Vollmershausen sold 15,072 shares of Agnico Eagle Mines stock in a transaction on Monday, November 11th. The stock was sold at an average price of C$110.27, for a total value of C$1,661,989.44.

Agnico Eagle Mines Stock Down 1.0 %

Shares of AEM stock traded down C$1.09 on Friday, hitting C$108.15. The stock had a trading volume of 746,678 shares, compared to its average volume of 1,215,448. The firm has a market capitalization of C$54.19 billion, a price-to-earnings ratio of 68.28, a P/E/G ratio of 22.97 and a beta of 1.10. The stock’s 50 day moving average is C$112.52 and its 200-day moving average is C$101.81. The company has a debt-to-equity ratio of 9.94, a quick ratio of 0.89 and a current ratio of 1.51. Agnico Eagle Mines Limited has a 52-week low of C$60.17 and a 52-week high of C$123.86.

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

Agnico Eagle Mines Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, November 29th. This represents a $1.60 annualized dividend and a yield of 1.48%. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 135.63%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AEM. Stifel Nicolaus boosted their price target on Agnico Eagle Mines from C$114.00 to C$140.00 in a report on Monday, October 21st. UBS Group raised Agnico Eagle Mines to a “strong-buy” rating in a report on Tuesday, September 17th. Canaccord Genuity Group upped their price target on shares of Agnico Eagle Mines from C$105.00 to C$118.00 in a research report on Tuesday, July 23rd. Finally, National Bankshares increased their target price on shares of 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. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Agnico Eagle Mines presently has a consensus 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.