Agnico Eagle Mines Limited (TSE:AEM) Senior Officer Guy Gosselin Sells 22,000 Shares

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Senior Officer Guy Gosselin sold 22,000 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of C$90.50, for a total value of C$1,991,000.00.

Agnico Eagle Mines Price Performance

Agnico Eagle Mines stock opened at C$90.44 on Wednesday. The firm has a market capitalization of C$45.06 billion, a PE ratio of 82.97, a price-to-earnings-growth ratio of 22.97 and a beta of 1.07. Agnico Eagle Mines Limited has a 12-month low of C$59.36 and a 12-month high of C$92.62. The firm has a 50-day moving average price of C$80.64 and a 200-day moving average price of C$72.50. The company has a current ratio of 2.21, a quick ratio of 0.89 and a debt-to-equity ratio of 10.14.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its quarterly earnings data on Thursday, February 15th. The company reported C$0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.65 by C$0.13. The business had revenue of C$2.39 billion during the quarter, compared to the consensus estimate of C$2.04 billion. Agnico Eagle Mines had a net margin of 6.79% and a return on equity of 2.39%. As a group, equities research analysts forecast that Agnico Eagle Mines Limited will post 4.3972332 EPS for the current year.

Agnico Eagle Mines Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, June 14th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date is Friday, May 31st. Agnico Eagle Mines’s payout ratio is currently 197.25%.

Wall Street Analyst Weigh In

AEM has been the topic of a number of research reports. Stifel Nicolaus lifted their price objective on Agnico Eagle Mines from C$94.00 to C$104.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. TD Securities decreased their price target on shares of Agnico Eagle Mines to C$62.00 and set a “buy” rating on the stock in a research note on Wednesday, February 21st. National Bankshares dropped their price objective on shares of Agnico Eagle Mines from C$105.00 to C$104.00 and set an “outperform” rating for the company in a research note on Friday, April 19th. Cormark decreased their target price on shares of Agnico Eagle Mines from C$97.00 to C$90.00 in a research report on Tuesday, February 20th. Finally, Canaccord Genuity Group increased their price target on shares of Agnico Eagle Mines from C$92.00 to C$105.00 in a report on Tuesday, April 23rd. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$97.50.

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.