Insider Selling: Agnico Eagle Mines Limited (TSE:AEM) Director Sells 2,208 Shares of Stock

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

Agnico Eagle Mines Stock Down 0.8 %

Shares of AEM opened at C$117.14 on Friday. The stock’s 50-day moving average price is C$116.14 and its two-hundred day moving average price is C$108.19. Agnico Eagle Mines Limited has a 12 month low of C$60.17 and a 12 month high of C$123.86. The company has a market capitalization of C$58.69 billion, a PE ratio of 73.21, a PEG ratio of 22.97 and a beta of 1.10. 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 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 company had revenue of C$2.94 billion for the quarter, compared to analyst estimates 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 company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Friday, November 29th. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 135.63%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AEM. National Bankshares boosted their target price on shares of Agnico Eagle Mines from C$143.00 to C$144.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Stifel Nicolaus boosted their price objective on Agnico Eagle Mines from C$114.00 to C$140.00 in a research report on Monday, October 21st. Finally, UBS Group upgraded Agnico Eagle Mines to a “strong-buy” rating in a research report on Tuesday, September 17th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$116.00.

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.