Agnico Eagle Mines Limited (TSE:AEM) Senior Officer Sells C$2,269,800.00 in Stock

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Senior Officer Dominique Girard sold 20,000 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of C$113.49, for a total value of C$2,269,800.00.

Dominique Girard also recently made the following trade(s):

• On Friday, August 16th, Dominique Girard sold 5,000 shares of Agnico Eagle Mines stock. The stock was sold at an average price of C$109.29, for a total value of C$546,450.00.
• On Monday, August 12th, Dominique Girard sold 11,000 shares of Agnico Eagle Mines stock. The stock was sold at an average price of C$104.33, for a total value of C$1,147,630.00.

Agnico Eagle Mines Stock Up 1.6 %

AEM opened at C$113.07 on Monday. The company has a market cap of C$56.65 billion, a P/E ratio of 71.31, a P/E/G ratio of 22.97 and a beta of 1.10. The business’s 50-day moving average price is C$104.86 and its 200-day moving average price is C$92.00. 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$59.36 and a 12 month high of C$113.99.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its quarterly earnings data on Wednesday, July 31st. The company reported C$1.46 EPS for the quarter, topping the consensus estimate of C$1.27 by C$0.19. The firm had revenue of C$2.84 billion for 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%. On average, equities analysts expect that Agnico Eagle Mines Limited will post 5.3998976 EPS for the current year.

Agnico Eagle Mines Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be issued a $0.547 dividend. The ex-dividend date is Friday, August 30th. This represents a $2.19 annualized dividend and a dividend yield of 1.94%. This is an increase from Agnico Eagle Mines’s previous quarterly dividend of $0.40. Agnico Eagle Mines’s payout ratio is currently 139.10%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Cormark increased their price objective 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 target on Agnico Eagle Mines from C$105.00 to C$118.00 in a research report on Tuesday, July 23rd. National Bankshares set a C$104.00 price target on Agnico Eagle Mines and gave the company an “outperform” rating in a research report on Monday, June 24th. Finally, Eight Capital raised their price target on Agnico Eagle Mines from C$105.00 to C$115.00 in a research report on Thursday, July 11th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Agnico Eagle Mines 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.