Insider Selling: Agnico Eagle Mines Limited (TSE:AEM) Director Sells 10,000 Shares of Stock

by · The Cerbat Gem

Agnico Eagle Mines Limited (TSE:AEM – Get Free Report) (NYSE:AEM) Director Sean Boyd sold 10,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of C$116.15, for a total transaction of C$1,161,500.00.

Agnico Eagle Mines Stock Down 2.1 %

TSE AEM traded down C$2.54 during trading hours on Wednesday, reaching C$116.20. 737,526 shares of the company traded hands, compared to its average volume of 1,216,940. The stock has a market capitalization of C$58.22 billion, a PE ratio of 72.71, 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 Limited has a 12 month low of C$60.17 and a 12 month high of C$123.86. The company has a 50 day moving average of C$112.41 and a two-hundred day moving average of C$100.48.

Agnico Eagle Mines (TSE:AEM – Get Free Report) (NYSE:AEM) last issued its earnings results on Wednesday, October 30th. The company reported C$1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.35 by C$0.21. Agnico Eagle Mines had a net margin of 8.49% and a return on equity of 3.10%. The firm had revenue of C$2.94 billion for the quarter, compared to analysts’ expectations of C$2.50 billion. As a group, equities analysts expect that Agnico Eagle Mines Limited will post 5.4966052 earnings per share for the current year.

Agnico Eagle Mines Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.60 annualized dividend and a dividend yield of 1.38%. Agnico Eagle Mines’s dividend payout ratio (DPR) is 135.63%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AEM shares. Canaccord Genuity Group upped their target price on Agnico Eagle Mines from C$105.00 to C$118.00 in a research report on Tuesday, July 23rd. Eight Capital increased their price objective on shares of Agnico Eagle Mines from C$105.00 to C$115.00 in a research report on Thursday, July 11th. Stifel Nicolaus boosted their target price on shares of Agnico Eagle Mines from C$114.00 to C$140.00 in a research report on Monday, October 21st. National Bankshares raised their price target on shares of Agnico Eagle Mines from C$143.00 to C$144.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, UBS Group raised shares of Agnico Eagle Mines to a “strong-buy” rating in a research note on Tuesday, September 17th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Agnico Eagle Mines presently has an average rating of “Buy” and an average target price of C$116.00.

Get Our Latest Analysis on Agnico Eagle Mines

Agnico Eagle Mines Company Profile

(Get Free Report)

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.

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