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

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

Agnico Eagle Mines Trading Up 0.7 %

TSE AEM opened at C$91.09 on Thursday. Agnico Eagle Mines Limited has a one year low of C$59.36 and a one year high of C$92.62. The company has a debt-to-equity ratio of 10.14, a quick ratio of 0.89 and a current ratio of 2.21. The company has a market capitalization of C$45.38 billion, a price-to-earnings ratio of 83.57, a price-to-earnings-growth ratio of 22.97 and a beta of 1.07. The company’s 50-day simple moving average is C$81.16 and its two-hundred day simple moving average is C$72.63.

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

Agnico Eagle Mines Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, June 14th will be issued a $0.40 dividend. The ex-dividend date is Friday, May 31st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.76%. Agnico Eagle Mines’s dividend payout ratio is presently 197.25%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on AEM shares. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Agnico Eagle Mines in a research report on Monday, April 8th. Eight Capital raised their price target on shares of Agnico Eagle Mines from C$92.00 to C$105.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Stifel Nicolaus lifted their price objective on shares of Agnico Eagle Mines from C$94.00 to C$104.00 and gave the company a “buy” rating in a report on Friday, April 19th. Canaccord Genuity Group upped their target price on shares of Agnico Eagle Mines from C$92.00 to C$105.00 in a research note on Tuesday, April 23rd. Finally, TD Securities decreased their price target on shares of Agnico Eagle Mines to C$62.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. Five research analysts have rated the stock with a buy rating, According to MarketBeat, Agnico Eagle Mines has an average rating of “Buy” and an average 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.