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 shares were sold at an average price of C$121.80, for a total transaction of C$2,740,500.00.

Agnico Eagle Mines Stock Down 0.0 %

Shares of Agnico Eagle Mines stock opened at C$121.69 on Friday. The stock has a market capitalization of C$60.97 billion, a price-to-earnings ratio of 76.06, a PEG ratio of 22.97 and a beta of 1.10. 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 current ratio of 1.51, a quick ratio of 0.89 and a debt-to-equity ratio of 9.94. The business’s 50 day simple moving average is C$115.88 and its 200-day simple moving average is C$109.24.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its earnings results on Wednesday, October 30th. The company reported C$1.56 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of C$2.94 billion for the quarter, compared to analyst estimates of C$2.50 billion. Equities research analysts forecast 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 was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend was Friday, November 29th. Agnico Eagle Mines’s payout ratio is 135.63%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. National Bankshares lifted their price target 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. UBS Group upgraded Agnico Eagle Mines to a “strong-buy” rating in a research report on Tuesday, September 17th. Finally, Stifel Nicolaus upped their price target 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 stock. According to data from MarketBeat, Agnico Eagle Mines presently 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.