Agnico Eagle Mines Limited (TSE:AEM) Director Sells C$246,942.72 in Stock

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Director Martine Celej sold 2,208 shares of the business’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of C$111.84, for a total transaction of C$246,942.72.

Agnico Eagle Mines Stock Down 0.8 %

Shares of AEM opened at C$117.14 on Monday. The business’s 50 day simple moving average is C$116.14 and its 200-day simple moving average is C$108.19. Agnico Eagle Mines Limited has a one year low of C$60.17 and a one year high of C$123.86. The company has a market capitalization of C$58.69 billion, a P/E ratio of 73.21, a PEG 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 (TSE:AEM) (NYSE:AEM) last posted its quarterly earnings data on Wednesday, October 30th. The company reported C$1.56 EPS for the quarter, topping analysts’ consensus estimates of C$1.35 by C$0.21. Agnico Eagle Mines had a return on equity of 3.10% and a net margin of 8.49%. The company had revenue of C$2.94 billion for the quarter, compared to analyst estimates of C$2.50 billion. As a group, sell-side analysts predict that Agnico Eagle Mines Limited will post 5.4966052 EPS for the current fiscal year.

Agnico Eagle Mines Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend was Friday, November 29th. Agnico Eagle Mines’s payout ratio is presently 135.63%.

Analysts Set New Price Targets

A number of analysts recently weighed in on AEM shares. National Bankshares upped 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 note on Friday, November 1st. UBS Group raised Agnico Eagle Mines to a “strong-buy” rating in a report on Tuesday, September 17th. Finally, Stifel Nicolaus raised their target price on Agnico Eagle Mines from C$114.00 to C$140.00 in a research report on Monday, October 21st. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Agnico Eagle Mines 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.