Insider Selling: Agnico Eagle Mines Limited (TSE:AEM) Senior Officer Sells 5,000 Shares of Stock

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Senior Officer Dominique Girard sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of C$109.29, for a total transaction of C$546,450.00.

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

• 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 transaction of C$1,147,630.00.

Agnico Eagle Mines Stock Up 0.6 %

Shares of TSE:AEM traded up C$0.68 during trading on Monday, hitting C$110.22. 551,142 shares of the company’s stock traded hands, compared to its average volume of 1,283,433. The company has a current ratio of 1.51, a quick ratio of 0.89 and a debt-to-equity ratio of 9.94. The company has a 50-day moving average price of C$97.80 and a 200-day moving average price of C$86.51. Agnico Eagle Mines Limited has a 52 week low of C$59.36 and a 52 week high of C$110.58. The company has a market cap of C$55.10 billion, a price-to-earnings ratio of 69.29, a price-to-earnings-growth ratio of 22.97 and a beta of 1.05.

Agnico Eagle Mines Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be paid a $0.547 dividend. The ex-dividend date is Friday, August 30th. This represents a $2.19 dividend on an annualized basis and a yield of 1.99%. This is a positive change from Agnico Eagle Mines’s previous quarterly dividend of $0.40. Agnico Eagle Mines’s payout ratio is presently 136.48%.

Analysts Set New Price Targets

AEM has been the topic of several recent research reports. Cormark raised their price target on Agnico Eagle Mines from C$110.00 to C$115.00 in a research report on Monday, June 24th. Eight Capital boosted their target price on Agnico Eagle Mines from C$105.00 to C$115.00 in a research report on Thursday, July 11th. National Bankshares set a C$104.00 price target on shares of Agnico Eagle Mines and gave the company an “outperform” rating in a research report on Monday, June 24th. Finally, Canaccord Genuity Group lifted their price objective on shares of Agnico Eagle Mines from C$105.00 to C$118.00 in a research note on Tuesday, July 23rd. Four investment 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.

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.