Insider Selling: Agnico Eagle Mines Limited (TSE:AEM) Director Sells C$236,860.00 in Stock

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Director John Merfyn Roberts sold 2,000 shares of Agnico Eagle Mines stock in a transaction dated Monday, January 13th. The shares were sold at an average price of C$118.43, for a total value of C$236,860.00.

Agnico Eagle Mines Stock Performance

TSE:AEM opened at C$121.21 on Friday. The firm’s fifty day simple moving average is C$116.05 and its 200 day simple moving average is C$109.98. 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 Limited has a twelve month low of C$60.17 and a twelve month high of C$123.86. The firm has a market capitalization of C$60.73 billion, a price-to-earnings ratio of 75.76, a PEG ratio of 22.97 and a beta of 1.10.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its quarterly earnings data on Wednesday, October 30th. The company reported C$1.56 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of C$2.94 billion for the quarter, compared to analysts’ expectations of C$2.50 billion. As a group, equities research analysts expect that Agnico Eagle Mines Limited will post 5.4966052 earnings per share for the current fiscal year.

Agnico Eagle Mines Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.32%. The ex-dividend date was Friday, November 29th. Agnico Eagle Mines’s dividend payout ratio (DPR) is 135.63%.

Analyst Ratings Changes

A number of research firms recently issued reports on AEM. National Bankshares boosted their target price on shares of Agnico Eagle Mines from C$143.00 to C$144.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Stifel Nicolaus upped their price objective on Agnico Eagle Mines from C$114.00 to C$140.00 in a 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 stock. According to MarketBeat, 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.