Agnico Eagle Mines (TSE:AEM) Insider Sells C$742,260.00 in Stock

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) insider James Porter sold 3,000 shares of the stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of C$247.42, for a total value of C$742,260.00. Following the completion of the transaction, the insider owned 7,734 shares in the company, valued at C$1,913,546.28. The trade was a 27.95% decrease in their ownership of the stock.

Agnico Eagle Mines Trading Down 0.2%

Shares of TSE:AEM traded down C$0.45 during mid-day trading on Friday, reaching C$293.89. The stock had a trading volume of 771,921 shares, compared to its average volume of 1,050,942. The firm has a 50 day simple moving average of C$246.90 and a two-hundred day simple moving average of C$220.03. The firm has a market cap of C$147.55 billion, a PE ratio of 42.97, a price-to-earnings-growth ratio of 22.97 and a beta of 1.42. Agnico Eagle Mines Limited has a twelve month low of C$125.87 and a twelve month high of C$297.50. The company has a current ratio of 1.75, a quick ratio of 0.89 and a debt-to-equity ratio of 7.88.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its earnings results on Wednesday, October 29th. The company reported C$3.01 EPS for the quarter. Agnico Eagle Mines had a return on equity of 5.05% and a net margin of 12.86%.The firm had revenue of C$4.26 billion for the quarter. On average, research analysts predict that Agnico Eagle Mines Limited will post 5.4966052 EPS for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 15th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, December 1st. Agnico Eagle Mines’s dividend payout ratio is currently 23.39%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Stifel Nicolaus upped their target price on Agnico Eagle Mines from C$195.00 to C$300.00 in a report on Monday, October 20th. National Bankshares increased their price objective on shares of Agnico Eagle Mines from C$285.00 to C$300.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 9th. Finally, Royal Bank Of Canada lowered shares of Agnico Eagle Mines from a “moderate buy” rating to a “hold” rating in a report on Wednesday, December 10th. Five investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$235.00.

About Agnico Eagle Mines

Agnico Eagle Mines is a gold miner operating mines in Canada, Mexico, and Finland. It also owns 50% of the Canadian Malartic mine. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines on line in rapid succession in the following years. The company produced more than 1.7 million gold ounces in 2020. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions.