R. Gregory Laing Sells 6,000 Shares of Agnico Eagle Mines Ltd (TSE:AEM) Stock

Agnico Eagle Mines Ltd (TSE:AEM) (NYSE:AEM) Senior Officer R. Gregory Laing sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of C$66.99, for a total value of C$401,940.00. Following the transaction, the insider now owns 37,559 shares of the company’s stock, valued at approximately C$2,516,077.41.

Shares of AEM opened at C$67.50 on Wednesday. The company has a fifty day simple moving average of C$59.08. The company has a current ratio of 2.96, a quick ratio of 1.21 and a debt-to-equity ratio of 39.54. Agnico Eagle Mines Ltd has a 52-week low of C$42.35 and a 52-week high of C$69.13. The company has a market cap of $16.18 billion and a P/E ratio of -47.17.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its quarterly earnings data on Thursday, April 25th. The company reported C$0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.07 by C$0.11. The business had revenue of C$707.63 million during the quarter, compared to the consensus estimate of C$682.74 million. On average, sell-side analysts forecast that Agnico Eagle Mines Ltd will post 0.66 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were given a $0.292 dividend. This is an increase from Agnico Eagle Mines’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, May 30th. This represents a $1.17 annualized dividend and a yield of 1.73%. Agnico Eagle Mines’s payout ratio is presently -31.80%.

Several equities analysts have issued reports on the company. BMO Capital Markets set a C$48.00 price objective on Agnico Eagle Mines and gave the company an “outperform” rating in a research report on Monday, April 29th. National Bank Financial lifted their price objective on Agnico Eagle Mines from C$67.00 to C$70.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th. Finally, Desjardins downgraded Agnico Eagle Mines from a “buy” rating to a “hold” rating and set a C$61.00 price objective for the company. in a research report on Friday, April 12th.

About Agnico Eagle Mines

Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. The company operates through Northern Business and Southern Business segments. It primarily produces and sells gold deposit, as well as explores for silver, zinc, and copper deposits.

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