Insider Selling: Agnico Eagle Mines Limited (TSE:AEM) Senior Officer Sells 5,000 Shares of Stock

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Senior Officer Dominique Girard sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of C$109.29, for a total value of C$546,450.00.

Dominique Girard also recently made the following trade(s):

• On Monday, August 12th, Dominique Girard sold 11,000 shares of Agnico Eagle Mines stock. The stock was sold at an average price of C$104.33, for a total value of C$1,147,630.00.

Agnico Eagle Mines Stock Up 0.6 %

Shares of Agnico Eagle Mines stock opened at C$112.44 on Thursday. Agnico Eagle Mines Limited has a twelve month low of C$59.36 and a twelve month high of C$112.70. 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’s 50 day moving average is C$98.67 and its 200 day moving average is C$87.14. The company has a market cap of C$56.21 billion, a price-to-earnings ratio of 70.72, a price-to-earnings-growth ratio of 22.97 and a beta of 1.05.

Agnico Eagle Mines Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.547 per share. This represents a $2.19 annualized dividend and a dividend yield of 1.95%. This is a boost from Agnico Eagle Mines’s previous quarterly dividend of $0.40. The ex-dividend date is Friday, August 30th. Agnico Eagle Mines’s dividend payout ratio is presently 136.48%.

Analysts Set New Price Targets

AEM has been the topic of a number of analyst reports. Eight Capital upped their price target on shares of Agnico Eagle Mines from C$105.00 to C$115.00 in a research note on Thursday, July 11th. National Bankshares set a C$104.00 target price on shares of Agnico Eagle Mines and gave the stock an “outperform” rating in a research note on Monday, June 24th. Canaccord Genuity Group raised their price target on shares of Agnico Eagle Mines from C$105.00 to C$118.00 in a research report on Tuesday, July 23rd. Finally, Cormark upped their price objective on Agnico Eagle Mines from C$110.00 to C$115.00 in a research report on Monday, June 24th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$105.14.

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.