Insider Selling: Agnico Eagle Mines Limited (TSE:AEM) Senior Officer Sells C$1,701,300.00 in Stock

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Senior Officer Jean Robitaille sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$113.42, for a total value of C$1,701,300.00.

Agnico Eagle Mines Trading Down 2.4 %

Shares of AEM stock opened at C$110.63 on Friday. Agnico Eagle Mines Limited has a 52-week low of C$59.36 and a 52-week high of C$114.76. The company has a 50-day simple moving average of C$107.05 and a two-hundred day simple moving average of C$94.15. The company has a debt-to-equity ratio of 9.94, a quick ratio of 0.89 and a current ratio of 1.51. The company has a market capitalization of C$55.43 billion, a price-to-earnings ratio of 70.02, a PEG ratio of 22.97 and a beta of 1.10.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its quarterly earnings results on Wednesday, July 31st. The company reported C$1.46 EPS for the quarter, beating analysts’ consensus estimates of C$1.27 by C$0.19. The company had revenue of C$2.84 billion during the quarter, compared to the consensus estimate of C$2.36 billion. Agnico Eagle Mines had a return on equity of 3.10% and a net margin of 8.49%. Research analysts anticipate that Agnico Eagle Mines Limited will post 5.5012201 EPS for the current fiscal year.

Agnico Eagle Mines Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were paid a dividend of $0.547 per share. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.98%. This is a boost from Agnico Eagle Mines’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, August 30th. Agnico Eagle Mines’s payout ratio is presently 137.34%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on AEM shares. Cormark upped their target price on Agnico Eagle Mines from C$110.00 to C$115.00 in a research report on Monday, June 24th. Canaccord Genuity Group raised their price objective on shares of Agnico Eagle Mines from C$105.00 to C$118.00 in a research note on Tuesday, July 23rd. UBS Group raised shares of Agnico Eagle Mines to a “strong-buy” rating in a research report on Tuesday, September 17th. Eight Capital raised their price target on shares of Agnico Eagle Mines from C$105.00 to C$115.00 in a research report on Thursday, July 11th. Finally, National Bankshares set a C$104.00 price objective on Agnico Eagle Mines and gave the stock an “outperform” rating in a report on Monday, June 24th. Four investment 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, the stock has an average rating of “Buy” and a consensus price target of C$105.14.

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.