Guy Gosselin Sells 22,500 Shares of Agnico Eagle Mines Limited (TSE:AEM) Stock

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Senior Officer Guy Gosselin sold 22,500 shares of the stock in a transaction on Thursday, January 9th. The stock was sold at an average price of C$121.80, for a total value of C$2,740,500.00.

Agnico Eagle Mines Stock Performance

AEM traded down C$0.06 during trading on Friday, hitting C$121.69. 961,579 shares of the stock were exchanged, compared to its average volume of 755,119. The firm has a market capitalization of C$60.97 billion, a P/E ratio of 76.06, a PEG 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. The stock has a fifty day moving average price of C$115.84 and a two-hundred 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.

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. The company had revenue of C$2.94 billion for the quarter, compared to the consensus estimate of C$2.50 billion. Agnico Eagle Mines had a return on equity of 3.10% and a net margin of 8.49%. As a group, sell-side analysts predict 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 was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.31%. Agnico Eagle Mines’s dividend payout ratio (DPR) is 135.63%.

Analyst Ratings Changes

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