Jean Robitaille Sells 5,000 Shares of Agnico Eagle Mines Limited (TSE:AEM) Stock

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Senior Officer Jean Robitaille sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of C$118.25, for a total value of C$591,250.00.

Jean Robitaille also recently made the following trade(s):

• On Tuesday, September 24th, Jean Robitaille sold 15,000 shares of Agnico Eagle Mines stock. The shares were sold at an average price of C$113.42, for a total value of C$1,701,300.00.

Agnico Eagle Mines Price Performance

TSE AEM opened at C$117.92 on Friday. The company has a current ratio of 1.51, a quick ratio of 0.89 and a debt-to-equity ratio of 9.94. Agnico Eagle Mines Limited has a 12 month low of C$60.17 and a 12 month high of C$123.86. The company’s 50 day moving average is C$113.17 and its two-hundred day moving average is C$103.05. The stock has a market cap of C$59.08 billion, a price-to-earnings ratio of 73.70, a PEG ratio of 22.97 and a beta of 1.10.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its quarterly earnings data on Wednesday, October 30th. The company reported C$1.56 EPS for the quarter, beating the consensus estimate of C$1.35 by C$0.21. Agnico Eagle Mines had a return on equity of 3.10% and a net margin of 8.49%. The business had revenue of C$2.94 billion for the quarter, compared to the consensus estimate of C$2.50 billion. As a group, research analysts anticipate that Agnico Eagle Mines Limited will post 5.4966052 earnings per share for the current year.

Agnico Eagle Mines Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date is Friday, November 29th. Agnico Eagle Mines’s dividend payout ratio (DPR) is currently 135.63%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on AEM shares. Stifel Nicolaus lifted their price target on Agnico Eagle Mines from C$114.00 to C$140.00 in a research report on Monday, October 21st. UBS Group raised shares of Agnico Eagle Mines to a “strong-buy” rating in a report on Tuesday, September 17th. Finally, National Bankshares upped their price objective on Agnico Eagle Mines from C$143.00 to C$144.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Agnico Eagle Mines currently has a consensus rating of “Buy” and a consensus price target of C$116.00.

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.