Agnico Eagle Mines Limited (TSE:AEM) Senior Officer Ammar Al-Joundi Sells 19,900 Shares of Stock

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Senior Officer Ammar Al-Joundi sold 19,900 shares of the firm’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of C$109.25, for a total value of C$2,174,075.00.

Agnico Eagle Mines Price Performance

Agnico Eagle Mines stock traded up C$0.02 during midday trading on Friday, reaching C$109.26. 18,741 shares of the company were exchanged, compared to its average volume of 1,212,152. The company has a market capitalization of C$54.74 billion, a price-to-earnings ratio of 68.28, a P/E/G ratio of 22.97 and a beta of 1.10. The firm’s 50-day simple moving average is C$112.52 and its 200-day simple moving average is C$101.81. Agnico Eagle Mines Limited has a 1 year low of C$60.17 and a 1 year high of C$123.86. The company has a debt-to-equity ratio of 9.94, a quick ratio of 0.89 and a current ratio of 1.51.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last posted 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. The firm had revenue of C$2.94 billion during the quarter, compared to analysts’ expectations of C$2.50 billion. Agnico Eagle Mines had a return on equity of 3.10% and a net margin of 8.49%. On average, analysts anticipate that Agnico Eagle Mines Limited will post 5.4966052 EPS for the current year.

Agnico Eagle Mines Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date is Friday, November 29th. Agnico Eagle Mines’s payout ratio is 135.63%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on AEM shares. UBS Group upgraded Agnico Eagle Mines to a “strong-buy” rating in a research report on Tuesday, September 17th. Stifel Nicolaus raised their price target on Agnico Eagle Mines from C$114.00 to C$140.00 in a research report on Monday, October 21st. Canaccord Genuity Group raised their price target on Agnico Eagle Mines from C$105.00 to C$118.00 in a research report on Tuesday, July 23rd. Finally, National Bankshares raised 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 investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average 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.