Insider Selling: Agnico Eagle Mines Limited (TSE:AEM) Senior Officer Sells 19,900 Shares of Stock

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Senior Officer Ammar Al-Joundi sold 19,900 shares of the business’s stock in a transaction on 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.

Agnico Eagle Mines Stock Down 1.0 %

TSE:AEM opened at C$108.15 on Friday. The stock has a 50-day simple moving average of C$112.47 and a 200 day simple moving average of C$102.06. Agnico Eagle Mines Limited has a one year low of C$60.17 and a one year high of C$123.86. The company has a market capitalization of C$54.19 billion, a price-to-earnings ratio of 67.59, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10. 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 (TSE:AEM) (NYSE:AEM) last issued 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 company had revenue of C$2.94 billion during 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%. Sell-side analysts predict that Agnico Eagle Mines Limited will post 5.4966052 EPS for the current fiscal year.

Agnico Eagle Mines Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid 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 payout ratio is 135.63%.

Analysts Set New Price Targets

AEM has been the topic of a number of recent analyst reports. Canaccord Genuity Group boosted their price objective on shares of Agnico Eagle Mines from C$105.00 to C$118.00 in a report on Tuesday, July 23rd. Stifel Nicolaus lifted their target price on Agnico Eagle Mines from C$114.00 to C$140.00 in a research report on Monday, October 21st. UBS Group raised Agnico Eagle Mines to a “strong-buy” rating in a report on Tuesday, September 17th. Finally, National Bankshares lifted their price objective 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. 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, the company currently has a consensus rating of “Buy” and an average 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.