Insider Selling: 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 that occurred 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 Performance

Agnico Eagle Mines stock opened at C$108.15 on Friday. 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 12 month low of C$60.17 and a 12 month high of C$123.86. The company has a market cap 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 stock’s 50-day moving average is C$112.47 and its 200-day moving average is C$102.06.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its quarterly earnings results on Wednesday, October 30th. The company reported C$1.56 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of C$2.94 billion for the quarter, compared to analysts’ expectations of C$2.50 billion. Equities analysts anticipate that Agnico Eagle Mines Limited will post 5.4966052 earnings per share for the current year.

Agnico Eagle Mines Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a $0.40 dividend. 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 dividend payout ratio is currently 135.63%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AEM. Canaccord Genuity Group raised their price objective on Agnico Eagle Mines from C$105.00 to C$118.00 in a report on Tuesday, July 23rd. Stifel Nicolaus raised their price target on Agnico Eagle Mines from C$114.00 to C$140.00 in a research note on Monday, October 21st. UBS Group raised shares of Agnico Eagle Mines to a “strong-buy” rating in a research note on Tuesday, September 17th. Finally, National Bankshares raised their target price on shares of 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. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently 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.