Agnico Eagle Mines Limited (TSE:AEM) Senior Officer Sells C$475,050.00 in Stock

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Senior Officer Christopher Charles Norman Vollmershausen sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of C$95.01, for a total value of C$475,050.00.

Agnico Eagle Mines Stock Performance

Shares of AEM opened at C$92.46 on Friday. The company has a quick ratio of 0.89, a current ratio of 2.21 and a debt-to-equity ratio of 10.14. The business’s 50 day moving average price is C$85.93 and its 200-day moving average price is C$74.68. Agnico Eagle Mines Limited has a 52 week low of C$59.36 and a 52 week high of C$96.20. The stock has a market cap of C$46.06 billion, a P/E ratio of 85.61, a P/E/G ratio of 22.97 and a beta of 1.04.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its quarterly earnings results on Thursday, April 25th. The company reported C$1.02 EPS for the quarter, topping analysts’ consensus estimates of C$0.82 by C$0.20. The firm had revenue of C$2.47 billion for the quarter, compared to analysts’ expectations of C$2.20 billion. Agnico Eagle Mines had a return on equity of 2.39% and a net margin of 6.79%. Equities research analysts anticipate that Agnico Eagle Mines Limited will post 4.3799908 earnings per share for the current fiscal 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 given a $0.40 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.60 annualized dividend and a yield of 1.73%. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 199.07%.

Analyst Ratings Changes

A number of research firms have weighed in on AEM. National Bankshares reduced their target price on Agnico Eagle Mines from C$105.00 to C$104.00 and set an “outperform” rating on the stock in a report on Friday, April 19th. Eight Capital upped their target price on Agnico Eagle Mines from C$92.00 to C$105.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Stifel Nicolaus upped their target price on Agnico Eagle Mines from C$94.00 to C$104.00 and gave the stock a “buy” rating in a report on Friday, April 19th. TD Securities reduced their target price on Agnico Eagle Mines to C$62.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st. Finally, National Bank Financial reissued an “outperform overweight” rating on shares of Agnico Eagle Mines in a research report on Monday, April 8th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target 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.