Christopher Charles Norman Vollmershausen Sells 15,072 Shares of Agnico Eagle Mines Limited (TSE:AEM) Stock

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

Agnico Eagle Mines Trading Down 1.0 %

Agnico Eagle Mines stock traded down C$1.09 during mid-day trading on Friday, reaching C$108.15. 746,678 shares of the company traded hands, compared to its average volume of 1,215,448. The firm’s 50 day moving average price is C$112.52 and its 200 day moving average price is C$101.81. 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 company has a debt-to-equity ratio of 9.94, a current ratio of 1.51 and a quick ratio of 0.89. 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 posted its earnings results on Wednesday, October 30th. The company reported C$1.56 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of C$2.50 billion. On average, analysts anticipate that Agnico Eagle Mines Limited will post 5.4966052 earnings per share for the current fiscal year.

Agnico Eagle Mines Cuts Dividend

The business also recently disclosed 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. This represents a $1.60 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date is Friday, November 29th. Agnico Eagle Mines’s dividend payout ratio (DPR) is currently 135.63%.

Analyst Ratings Changes

AEM has been the topic of a number of research reports. UBS Group upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a research note on Tuesday, September 17th. Stifel Nicolaus upped their price target on shares of Agnico Eagle Mines from C$114.00 to C$140.00 in a report on Monday, October 21st. Canaccord Genuity Group increased their price objective on shares of Agnico Eagle Mines from C$105.00 to C$118.00 in a research note on Tuesday, July 23rd. Finally, National Bankshares raised their price target on shares of Agnico Eagle Mines from C$143.00 to C$144.00 and gave the company an “outperform” rating in a research note 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. According to data from MarketBeat.com, Agnico Eagle Mines currently has an average 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.