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 company’s stock in a transaction that occurred on Thursday, January 9th. The stock was sold at an average price of C$121.80, for a total transaction of C$2,740,500.00.

Agnico Eagle Mines Trading Down 0.0 %

TSE:AEM opened at C$121.69 on Friday. The stock has a fifty day simple moving average of C$115.88 and a 200 day simple moving average of C$109.24. 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 firm has a market capitalization of C$60.97 billion, a price-to-earnings 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 1-year low of C$60.17 and a 1-year high of C$123.86.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its earnings results on Wednesday, October 30th. The company reported C$1.56 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of C$2.94 billion for the quarter, compared to the consensus estimate of C$2.50 billion. Sell-side analysts forecast that Agnico Eagle Mines Limited will post 5.4966052 earnings per share for the current year.

Agnico Eagle Mines Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend was Friday, November 29th. Agnico Eagle Mines’s dividend payout ratio (DPR) is currently 135.63%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. National Bankshares boosted their target price 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. Stifel Nicolaus boosted their price objective on Agnico Eagle Mines from C$114.00 to C$140.00 in a research note on Monday, October 21st. Finally, UBS Group raised Agnico Eagle Mines to a “strong-buy” rating in a research note on Tuesday, September 17th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to 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.