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 the business’s stock in a transaction dated Thursday, January 9th. The shares were sold at an average price of C$121.80, for a total value of C$2,740,500.00.

Agnico Eagle Mines Stock Performance

Agnico Eagle Mines stock traded down C$0.06 during mid-day trading on Friday, hitting C$121.69. 961,579 shares of the company’s stock traded hands, compared to its average volume of 755,119. The firm has a 50 day moving average price of C$115.84 and a 200 day moving average price of C$108.86. The company has a quick ratio of 0.89, a current ratio of 1.51 and a debt-to-equity ratio of 9.94. The company has a market cap of C$60.97 billion, a PE ratio of 76.06, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10. Agnico Eagle Mines Limited has a one year low of C$60.17 and a one year 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 for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of C$2.50 billion. On average, equities analysts forecast that Agnico Eagle Mines Limited will post 5.4966052 EPS for the current year.

Agnico Eagle Mines Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were issued 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 Upgrades and Downgrades

Several brokerages have recently weighed in on AEM. National Bankshares upped their target price on Agnico Eagle Mines from C$143.00 to C$144.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Stifel Nicolaus increased their price target on Agnico Eagle Mines from C$114.00 to C$140.00 in a report on Monday, October 21st. Finally, UBS Group raised Agnico Eagle Mines to a “strong-buy” rating in a report on Tuesday, September 17th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Agnico Eagle Mines currently has a consensus rating of “Buy” and a consensus target price 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.