Agnico Eagle Mines Limited (TSE:AEM) Senior Officer Sells C$2,269,800.00 in Stock

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Senior Officer Dominique Girard sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of C$113.49, for a total value of C$2,269,800.00.

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

• On Friday, August 16th, Dominique Girard sold 5,000 shares of Agnico Eagle Mines stock. The stock was sold at an average price of C$109.29, for a total transaction of C$546,450.00.
• On Monday, August 12th, Dominique Girard sold 11,000 shares of Agnico Eagle Mines stock. The shares were sold at an average price of C$104.33, for a total transaction of C$1,147,630.00.

Agnico Eagle Mines Price Performance

Agnico Eagle Mines Limited has a fifty-two week low of C$59.36 and a fifty-two week high of C$113.99. The firm has a market cap of C$56.65 billion, a PE ratio of 71.31, a P/E/G ratio of 22.97 and a beta of 1.10. The stock has a fifty day moving average price of C$104.86 and a 200 day moving average price of C$92.00. 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 posted its earnings results on Wednesday, July 31st. The company reported C$1.46 earnings per share for the quarter, beating the consensus estimate of C$1.27 by C$0.19. The company had revenue of C$2.84 billion for the quarter, compared to analyst estimates of C$2.36 billion. Agnico Eagle Mines had a return on equity of 3.10% and a net margin of 8.49%. Research analysts expect that Agnico Eagle Mines Limited will post 5.3998976 EPS for the current fiscal year.

Agnico Eagle Mines Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.547 per share. This is an increase from Agnico Eagle Mines’s previous quarterly dividend of $0.40. This represents a $2.19 annualized dividend and a yield of ∞. The ex-dividend date of this dividend is Friday, August 30th. Agnico Eagle Mines’s dividend payout ratio (DPR) is 139.10%.

Wall Street Analysts Forecast Growth

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