Agnico Eagle Mines Limited (TSE:AEM) Senior Officer Guy Gosselin Sells 22,500 Shares of Stock

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Senior Officer Guy Gosselin sold 22,500 shares of the stock in a transaction on Thursday, January 9th. The shares were sold at an average price of C$121.80, for a total value of C$2,740,500.00.

Agnico Eagle Mines Price Performance

AEM stock opened at C$121.69 on Friday. The firm has a 50 day moving average of C$115.84 and a 200-day moving average of C$108.86. The company has a current ratio of 1.51, a quick ratio of 0.89 and a debt-to-equity ratio of 9.94. The firm has a market capitalization of C$60.97 billion, a P/E ratio of 76.06, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10. Agnico Eagle Mines Limited has a 12 month low of C$60.17 and a 12 month high of C$123.86.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its quarterly earnings results on Wednesday, October 30th. The company reported C$1.56 EPS for the quarter, beating analysts’ consensus estimates of C$1.35 by C$0.21. Agnico Eagle Mines had a net margin of 8.49% and a return on equity of 3.10%. The firm had revenue of C$2.94 billion during the quarter, compared to analyst estimates of C$2.50 billion. As a group, sell-side analysts predict that Agnico Eagle Mines Limited will post 5.4966052 earnings per share for the current fiscal year.

Agnico Eagle Mines Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.60 dividend on an annualized basis and a yield of 1.31%. Agnico Eagle Mines’s dividend payout ratio is currently 135.63%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on AEM shares. Stifel Nicolaus increased their price target on Agnico Eagle Mines from C$114.00 to C$140.00 in a research note on Monday, October 21st. National Bankshares lifted their target price on shares of Agnico Eagle Mines from C$143.00 to C$144.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, UBS Group upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a research note on Tuesday, September 17th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Agnico Eagle Mines presently has a consensus rating of “Buy” and a consensus price target of C$116.00.

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.