Agnico Eagle Mines Limited (TSE:AEM) Senior Officer Ammar Al-Joundi Sells 19,900 Shares

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Senior Officer Ammar Al-Joundi sold 19,900 shares of the firm’s stock in a transaction dated 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 Up 2.6 %

Shares of TSE AEM traded up C$2.81 during mid-day trading on Thursday, reaching C$109.24. 1,361,608 shares of the company were exchanged, compared to its average volume of 1,217,552. Agnico Eagle Mines Limited has a 1 year low of C$60.17 and a 1 year high of C$123.86. The firm 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 cap of C$54.73 billion, a price-to-earnings ratio of 66.52, a P/E/G ratio of 22.97 and a beta of 1.10. 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 released its quarterly earnings results on Wednesday, October 30th. The company reported C$1.56 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 during the quarter, compared to analyst estimates of C$2.50 billion. On average, research analysts expect 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 will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a $0.40 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.60 annualized dividend and a yield of 1.46%. Agnico Eagle Mines’s dividend payout ratio (DPR) is 135.63%.

Wall Street Analysts Forecast Growth

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