Insider Selling: Agnico Eagle Mines Limited (TSE:AEM) Senior Officer Sells 17,936 Shares of Stock

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Senior Officer Ammar Al-Joundi sold 17,936 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of C$111.84, for a total transaction of C$2,005,962.24.

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

• On Thursday, November 14th, Ammar Al-Joundi sold 19,900 shares of Agnico Eagle Mines stock. The shares were sold at an average price of C$109.25, for a total transaction of C$2,174,075.00.

Agnico Eagle Mines Trading Down 0.8 %

TSE AEM traded down C$0.92 during mid-day trading on Friday, reaching C$117.14. 636,733 shares of the stock were exchanged, compared to its average volume of 715,106. The stock has a market cap of C$58.69 billion, a P/E ratio of 73.21, a P/E/G ratio of 22.97 and a beta of 1.10. The company has a debt-to-equity ratio of 9.94, a current ratio of 1.51 and a quick ratio of 0.89. Agnico Eagle Mines Limited has a one year low of C$60.17 and a one year high of C$123.86. The stock has a 50 day simple moving average of C$116.21 and a 200-day simple moving average of C$107.88.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of C$2.50 billion. On average, analysts anticipate that Agnico Eagle Mines Limited will post 5.4966052 EPS for the current year.

Agnico Eagle Mines Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend was Friday, November 29th. Agnico Eagle Mines’s dividend payout ratio is presently 135.63%.

Analyst Upgrades and Downgrades

AEM has been the topic of a number of recent research reports. UBS Group upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a report on Tuesday, September 17th. National Bankshares lifted their target price on Agnico Eagle Mines from C$143.00 to C$144.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. 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 company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target 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.