Agnico Eagle Mines Limited (TSE:AEM) Senior Officer Sells C$1,991,000.00 in Stock

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Senior Officer Guy Gosselin sold 22,000 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of C$90.50, for a total value of C$1,991,000.00.

Agnico Eagle Mines Price Performance

Shares of Agnico Eagle Mines stock opened at C$93.15 on Friday. The company has a debt-to-equity ratio of 10.14, a current ratio of 2.21 and a quick ratio of 0.89. The business’s 50 day simple moving average is C$81.72 and its two-hundred day simple moving average is C$72.78. The stock has a market capitalization of C$46.41 billion, a P/E ratio of 85.46, a price-to-earnings-growth ratio of 22.97 and a beta of 1.07. Agnico Eagle Mines Limited has a one year low of C$59.36 and a one year high of C$93.27.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its quarterly earnings results on Thursday, February 15th. The company reported C$0.78 EPS for the quarter, topping analysts’ consensus estimates of C$0.65 by C$0.13. The business had revenue of C$2.39 billion for the quarter, compared to analysts’ expectations of C$2.04 billion. Agnico Eagle Mines had a return on equity of 2.39% and a net margin of 6.79%. Analysts forecast that Agnico Eagle Mines Limited will post 4.3972332 EPS for the current year.

Agnico Eagle Mines Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, June 14th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.72%. Agnico Eagle Mines’s dividend payout ratio is currently 197.25%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Stifel Nicolaus raised their price target on Agnico Eagle Mines from C$94.00 to C$104.00 and gave the company a “buy” rating in a report on Friday, April 19th. Eight Capital raised their price objective on Agnico Eagle Mines from C$92.00 to C$105.00 and gave the company a “buy” rating in a report on Monday, April 22nd. TD Securities decreased their price objective on Agnico Eagle Mines to C$62.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st. Canaccord Genuity Group raised their price objective on Agnico Eagle Mines from C$92.00 to C$105.00 in a report on Tuesday, April 23rd. Finally, Cormark decreased their price objective on Agnico Eagle Mines from C$97.00 to C$90.00 in a report on Tuesday, February 20th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$97.50.

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.