Insider Selling: Agnico Eagle Mines Limited (TSE:AEM) Senior Officer Sells C$933,300.00 in Stock

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Senior Officer Christopher Charles Norman Vollmershausen sold 6,000 shares of the stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of C$155.55, for a total value of C$933,300.00.

Agnico Eagle Mines Stock Down 0.6 %

TSE AEM opened at C$153.99 on Thursday. Agnico Eagle Mines Limited has a 1-year low of C$81.75 and a 1-year high of C$158.10. The company has a market capitalization of C$54.45 billion, a price-to-earnings ratio of 54.10, a PEG ratio of 22.97 and a beta of 1.10. The stock’s 50 day moving average is C$142.20 and its two-hundred day moving average is C$124.88. The company has a current ratio of 1.75, a quick ratio of 0.89 and a debt-to-equity ratio of 7.88.

Agnico Eagle Mines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, March 14th were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a yield of 1.04%. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 76.24%.

Wall Street Analyst Weigh In

AEM has been the subject of a number of recent analyst reports. National Bankshares upped their price target on shares of Agnico Eagle Mines from C$160.00 to C$190.00 and gave the company an “outperform” rating in a report on Wednesday, March 19th. National Bank Financial raised Agnico Eagle Mines to a “strong-buy” rating in a report on Friday, March 21st. UBS Group lowered Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a report on Monday. Royal Bank of Canada raised their price objective on shares of Agnico Eagle Mines to C$105.00 and gave the stock a “buy” rating in a research note on Thursday, March 6th. Finally, Stifel Canada upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a research note on Wednesday, March 19th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$128.71.

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.