Agnico Eagle Mines Limited (TSE:AEM) Director Sells C$246,942.72 in Stock

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Director Martine Celej sold 2,208 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of C$111.84, for a total value of C$246,942.72.

Agnico Eagle Mines Price Performance

AEM traded down C$0.92 during midday trading on Friday, reaching C$117.14. 636,733 shares of the company’s stock were exchanged, compared to its average volume of 715,106. Agnico Eagle Mines Limited has a one year low of C$60.17 and a one year high of C$123.86. The firm has a market capitalization of C$58.69 billion, a price-to-earnings ratio of 73.21, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10. The business has a 50-day simple moving average of C$116.21 and a two-hundred day simple moving average of C$107.88. The company has a quick ratio of 0.89, a current ratio of 1.51 and a debt-to-equity ratio of 9.94.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last posted its earnings results on Wednesday, October 30th. The company reported C$1.56 EPS for the quarter, topping the consensus estimate 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 business had revenue of C$2.94 billion during the quarter, compared to the consensus estimate of C$2.50 billion. As a group, research analysts predict that Agnico Eagle Mines Limited will post 5.4966052 EPS for the current year.

Agnico Eagle Mines Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders 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 annualized dividend and a dividend yield of 1.37%. Agnico Eagle Mines’s dividend payout ratio is presently 135.63%.

Analysts Set New Price Targets

A number of research analysts have recently commented on AEM shares. National Bankshares upped their price objective on shares of Agnico Eagle Mines from C$143.00 to C$144.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. UBS Group raised Agnico Eagle Mines to a “strong-buy” rating in a report on Tuesday, September 17th. Finally, Stifel Nicolaus lifted their price objective on Agnico Eagle Mines from C$114.00 to C$140.00 in a report on Monday, October 21st. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price 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.