Agnico Eagle Mines Limited (TSE:AEM) Senior Officer Sells C$2,005,962.24 in Stock

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Senior Officer Ammar Al-Joundi sold 17,936 shares of the business’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of C$111.84, for a total transaction of C$2,005,962.24.

Ammar Al-Joundi also recently made the following trade(s):

• On Thursday, November 14th, Ammar Al-Joundi sold 19,900 shares of Agnico Eagle Mines stock. The shares were sold at an average price of C$109.25, for a total transaction of C$2,174,075.00.

Agnico Eagle Mines Stock Performance

TSE:AEM opened at C$117.14 on Monday. The stock has a market capitalization of C$58.69 billion, a P/E ratio of 73.21, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10. Agnico Eagle Mines Limited has a 1 year low of C$60.17 and a 1 year high of C$123.86. The firm has a 50 day moving average of C$116.14 and a 200-day moving average of C$108.19. 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 (TSE:AEM) (NYSE:AEM) last issued its quarterly earnings data on Wednesday, October 30th. The company reported C$1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.35 by C$0.21. The firm had revenue of C$2.94 billion during the quarter, compared to the consensus estimate of C$2.50 billion. Agnico Eagle Mines had a return on equity of 3.10% and a net margin of 8.49%. As a group, sell-side analysts anticipate that Agnico Eagle Mines Limited will post 5.4966052 EPS for the current fiscal year.

Agnico Eagle Mines Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Friday, November 29th. Agnico Eagle Mines’s dividend payout ratio is currently 135.63%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. UBS Group upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a research note on Tuesday, September 17th. Stifel Nicolaus raised their target price on Agnico Eagle Mines from C$114.00 to C$140.00 in a research report on Monday, October 21st. Finally, National Bankshares upped their price target on 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. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average 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.