Agnico Eagle Mines Limited (TSE:AEM) Senior Officer Sells C$1,147,630.00 in Stock

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Senior Officer Dominique Girard sold 11,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of C$104.33, for a total value of C$1,147,630.00.

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

• On Wednesday, May 15th, Dominique Girard sold 11,000 shares of Agnico Eagle Mines stock. The shares were sold at an average price of C$94.00, for a total value of C$1,034,000.00.

Agnico Eagle Mines Trading Up 0.7 %

Shares of AEM stock opened at C$107.24 on Friday. The company’s fifty day simple moving average is C$97.37 and its two-hundred day simple moving average is C$85.93. The company has a debt-to-equity ratio of 10.14, a current ratio of 2.21 and a quick ratio of 0.89. Agnico Eagle Mines Limited has a 1 year low of C$59.36 and a 1 year high of C$108.21. The stock has a market capitalization of C$53.43 billion, a price-to-earnings ratio of 99.30, a PEG ratio of 22.97 and a beta of 1.04.

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 a boost from Agnico Eagle Mines’s previous quarterly dividend of $0.40. The ex-dividend date is Friday, August 30th. This represents a $2.19 dividend on an annualized basis and a yield of 2.04%. Agnico Eagle Mines’s payout ratio is presently 199.07%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Canaccord Genuity Group upped their price objective on Agnico Eagle Mines from C$105.00 to C$118.00 in a research note on Tuesday, July 23rd. National Bankshares set a C$104.00 price objective on Agnico Eagle Mines and gave the company an “outperform” rating in a research note on Monday, June 24th. Stifel Nicolaus upped their price objective on Agnico Eagle Mines from C$94.00 to C$104.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Eight Capital upped their price objective on Agnico Eagle Mines from C$105.00 to C$115.00 in a research note on Thursday, July 11th. Finally, Cormark upped their price objective on Agnico Eagle Mines from C$110.00 to C$115.00 in a research note on Monday, June 24th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Agnico Eagle Mines presently has an average rating of “Buy” and a consensus target price of C$105.14.

About Agnico Eagle Mines

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.