Dominique Girard Sells 11,000 Shares of Agnico Eagle Mines Limited (TSE:AEM) Stock

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Senior Officer Dominique Girard sold 11,000 shares of Agnico Eagle Mines stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of C$94.00, for a total transaction of C$1,034,000.00.

Agnico Eagle Mines Trading Down 0.3 %

Shares of AEM stock opened at C$93.70 on Friday. The firm has a fifty day moving average of C$83.97 and a 200-day moving average of C$73.69. The stock has a market cap of C$46.68 billion, a price-to-earnings ratio of 85.96, a P/E/G ratio of 22.97 and a beta of 1.07. Agnico Eagle Mines Limited has a 52-week low of C$59.36 and a 52-week high of C$94.60. The company has a debt-to-equity ratio of 10.14, a quick ratio of 0.89 and a current ratio of 2.21.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last posted its quarterly earnings results on Thursday, April 25th. The company reported C$1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.82 by C$0.20. The firm had revenue of C$2.47 billion during the quarter, compared to analyst estimates of C$2.20 billion. Agnico Eagle Mines had a net margin of 6.79% and a return on equity of 2.39%. On average, equities research analysts forecast that Agnico Eagle Mines Limited will post 4.3972332 earnings per share for the current fiscal year.

Agnico Eagle Mines Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, June 14th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.60 annualized dividend and a dividend yield of 1.71%. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 197.25%.

Analysts Set New Price Targets

Several research firms have weighed in on AEM. National Bank Financial restated an “outperform overweight” rating on shares of Agnico Eagle Mines in a report on Monday, April 8th. Eight Capital lifted their price target on shares of Agnico Eagle Mines from C$92.00 to C$105.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. National Bankshares lowered their target price on shares of Agnico Eagle Mines from C$105.00 to C$104.00 and set an “outperform” rating on the stock in a research note on Friday, April 19th. Canaccord Genuity Group upped their price target on shares of Agnico Eagle Mines from C$92.00 to C$105.00 in a report on Tuesday, April 23rd. Finally, Cormark cut their price objective on Agnico Eagle Mines from C$97.00 to C$90.00 in a research report on Tuesday, February 20th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$97.50.

About Agnico Eagle Mines

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.