Agnico Eagle Mines Limited (TSE:AEM) Senior Officer Sells C$2,174,075.00 in Stock

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Senior Officer Ammar Al-Joundi sold 19,900 shares of Agnico Eagle Mines stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of C$109.25, for a total value of C$2,174,075.00.

Agnico Eagle Mines Trading Up 2.6 %

Shares of TSE AEM traded up C$2.81 on Thursday, reaching C$109.24. 1,361,608 shares of the company traded hands, compared to its average volume of 1,217,552. The company has a 50 day moving average of C$112.56 and a 200 day moving average of C$101.65. The stock has a market capitalization of C$54.73 billion, a PE ratio of 66.52, a P/E/G ratio of 22.97 and a beta of 1.10. The company has a current ratio of 1.51, a quick ratio of 0.89 and a debt-to-equity ratio of 9.94. Agnico Eagle Mines Limited has a fifty-two week low of C$60.17 and a fifty-two week high of C$123.86.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its quarterly 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 firm had revenue of C$2.94 billion for 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%. On average, equities research analysts forecast that Agnico Eagle Mines Limited will post 5.4966052 earnings per share for the current fiscal year.

Agnico Eagle Mines Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.46%. Agnico Eagle Mines’s dividend payout ratio (DPR) is 135.63%.

Wall Street Analyst Weigh In

AEM has been the topic of a number of recent research reports. 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 note on Friday, November 1st. UBS Group upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a report on Tuesday, September 17th. Stifel Nicolaus boosted their price target on shares of Agnico Eagle Mines from C$114.00 to C$140.00 in a report on Monday, October 21st. Finally, Canaccord Genuity Group lifted their price target on shares of Agnico Eagle Mines from C$105.00 to C$118.00 in a research note on Tuesday, July 23rd. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock 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.