Insider Selling: Agnico Eagle Mines Limited (TSE:AEM) Senior Officer Sells 20,000 Shares of Stock

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Senior Officer Ammar Al-Joundi sold 20,000 shares of the firm’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of C$118.94, for a total transaction of C$2,378,852.00.

Ammar Al-Joundi also recently made the following trade(s):

• On Tuesday, December 31st, Ammar Al-Joundi sold 17,936 shares of Agnico Eagle Mines stock. The stock was sold at an average price of C$111.84, for a total value of C$2,005,962.24.
• On Thursday, November 14th, Ammar Al-Joundi sold 19,900 shares of Agnico Eagle Mines stock. The shares were sold at an average price of C$109.25, for a total value of C$2,174,075.00.

Agnico Eagle Mines Trading Down 2.6 %

TSE:AEM traded down C$3.14 during trading hours on Monday, hitting C$118.55. 241,989 shares of the stock were exchanged, compared to its average volume of 738,947. The company has a market capitalization of C$59.40 billion, a P/E ratio of 74.09, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10. The company has a quick ratio of 0.89, a current ratio of 1.51 and a debt-to-equity ratio of 9.94. The company’s 50 day moving average is C$115.88 and its two-hundred day moving average is C$109.24. Agnico Eagle Mines Limited has a twelve month low of C$60.17 and a twelve month high of C$123.86.

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, topping analysts’ consensus estimates 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 firm had revenue of C$2.94 billion during the quarter, compared to analyst estimates of C$2.50 billion. On average, sell-side analysts anticipate that Agnico Eagle Mines Limited will post 5.4966052 earnings per share for the current fiscal year.

Agnico Eagle Mines Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were issued a $0.40 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.60 annualized dividend and a yield of 1.35%. Agnico Eagle Mines’s dividend payout ratio is currently 135.63%.

Analyst Upgrades and Downgrades

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

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.