Agnico Eagle Mines Limited (TSE:AEM) Senior Officer Jean Robitaille Sells 15,000 Shares

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Senior Officer Jean Robitaille sold 15,000 shares of the stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$113.42, for a total value of C$1,701,300.00.

Agnico Eagle Mines Price Performance

TSE:AEM opened at C$110.63 on Friday. Agnico Eagle Mines Limited has a 52-week low of C$59.36 and a 52-week high of C$114.76. The stock has a fifty day moving average of C$107.05 and a 200 day moving average of C$94.15. The company has a debt-to-equity ratio of 9.94, a quick ratio of 0.89 and a current ratio of 1.51. The firm has a market capitalization of C$55.43 billion, a price-to-earnings ratio of 70.02, a P/E/G ratio of 22.97 and a beta of 1.10.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its quarterly earnings results on Wednesday, July 31st. The company reported C$1.46 EPS for the quarter, topping analysts’ consensus estimates of C$1.27 by C$0.19. The business had revenue of C$2.84 billion during the quarter, compared to analysts’ expectations of C$2.36 billion. Agnico Eagle Mines had a net margin of 8.49% and a return on equity of 3.10%. On average, research analysts expect that Agnico Eagle Mines Limited will post 5.5012201 EPS for the current fiscal year.

Agnico Eagle Mines Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were given a dividend of $0.547 per share. This is a boost from Agnico Eagle Mines’s previous quarterly dividend of $0.40. This represents a $2.19 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend was Friday, August 30th. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 137.34%.

Analyst Ratings Changes

AEM has been the topic of a number of research reports. Cormark boosted their price objective on Agnico Eagle Mines from C$110.00 to C$115.00 in a research note on Monday, June 24th. UBS Group upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a research note on Tuesday, September 17th. National Bankshares set a C$104.00 price objective on shares of Agnico Eagle Mines and gave the company an “outperform” rating in a research note on Monday, June 24th. Eight Capital increased their target price on Agnico Eagle Mines from C$105.00 to C$115.00 in a research report on Thursday, July 11th. Finally, Canaccord Genuity Group lifted their price target on Agnico Eagle Mines from C$105.00 to C$118.00 in a research report on Tuesday, July 23rd. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$105.14.

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.