Insider Selling: Agnico Eagle Mines Limited (TSE:AEM) Senior Officer Sells C$2,378,852.00 in Stock

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Senior Officer Ammar Al-Joundi sold 20,000 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of C$118.94, for a total transaction of C$2,378,852.00.

Ammar Al-Joundi also recently made the following trade(s):

• On Tuesday, December 31st, Ammar Al-Joundi sold 17,936 shares of Agnico Eagle Mines stock. The stock was sold at an average price of C$111.84, for a total value of C$2,005,962.24.
• On Thursday, November 14th, Ammar Al-Joundi sold 19,900 shares of Agnico Eagle Mines stock. The stock was sold at an average price of C$109.25, for a total value of C$2,174,075.00.

Agnico Eagle Mines Trading Up 0.2 %

Shares of TSE:AEM opened at C$120.83 on Thursday. 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 capitalization of C$60.54 billion, a PE ratio of 75.52, a PEG ratio of 22.97 and a beta of 1.10. The business has a 50 day moving average of C$115.90 and a two-hundred day moving average of C$109.53. The company has a current ratio of 1.51, a quick ratio of 0.89 and a debt-to-equity ratio of 9.94.

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 (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of C$2.50 billion. As a group, analysts forecast that Agnico Eagle Mines Limited will post 5.4966052 EPS for the current year.

Agnico Eagle Mines Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.32%. The ex-dividend date was Friday, November 29th. Agnico Eagle Mines’s payout ratio is 135.63%.

Analyst Upgrades and Downgrades

AEM has been the topic of a number of recent research reports. Stifel Nicolaus upped their target price on Agnico Eagle Mines from C$114.00 to C$140.00 in a research report on Monday, October 21st. National Bankshares upped their target price 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. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average target price 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.