Insider Selling: Agnico Eagle Mines Limited (TSE:AEM) Director Sells 2,000 Shares of Stock

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Director John Merfyn Roberts sold 2,000 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of C$118.43, for a total transaction of C$236,860.00.

Agnico Eagle Mines Stock Up 1.6 %

Agnico Eagle Mines stock opened at C$120.53 on Wednesday. Agnico Eagle Mines Limited has a twelve month low of C$60.17 and a twelve month high of C$123.86. The company has a quick ratio of 0.89, a current ratio of 1.51 and a debt-to-equity ratio of 9.94. The company has a 50 day moving average of C$115.87 and a 200-day moving average of C$109.30. The stock has a market capitalization of C$60.39 billion, a PE ratio of 75.33, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10.

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, topping 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 during the quarter, compared to analyst estimates of C$2.50 billion. On average, equities research analysts anticipate that Agnico Eagle Mines Limited will post 5.4966052 EPS for the current fiscal year.

Agnico Eagle Mines Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, November 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.33%. Agnico Eagle Mines’s payout ratio is presently 135.63%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on AEM shares. UBS Group raised shares of Agnico Eagle Mines to a “strong-buy” rating in a research note on Tuesday, September 17th. Stifel Nicolaus upped their price objective on shares of Agnico Eagle Mines from C$114.00 to C$140.00 in a research report on Monday, October 21st. Finally, National Bankshares raised their price objective on Agnico Eagle Mines from C$143.00 to C$144.00 and gave the stock an “outperform” rating in a research note 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. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$116.00.

About Agnico Eagle Mines

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.