Jean Robitaille Sells 11,904 Shares of Agnico Eagle Mines Limited (TSE:AEM) Stock

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Senior Officer Jean Robitaille sold 11,904 shares of the company’s stock in a transaction on Monday, June 2nd. The shares were sold at an average price of C$170.50, for a total value of C$2,029,632.00.

Agnico Eagle Mines Stock Down 3.1%

AEM opened at C$161.60 on Friday. Agnico Eagle Mines Limited has a 12 month low of C$86.66 and a 12 month high of C$175.33. The business has a 50-day moving average of C$158.88 and a two-hundred day moving average of C$140.14. The company has a debt-to-equity ratio of 7.88, a current ratio of 1.75 and a quick ratio of 0.89. The stock has a market capitalization of C$57.14 billion, a price-to-earnings ratio of 56.78, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10.

Agnico Eagle Mines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 16th will be given a $0.40 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. Agnico Eagle Mines’s dividend payout ratio is presently 76.24%.

Analyst Ratings Changes

A number of analysts recently commented on AEM shares. UBS Group cut Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 31st. Stifel Nicolaus lifted their price target on shares of Agnico Eagle Mines from C$185.00 to C$195.00 in a report on Monday, April 28th. BMO Capital Markets raised shares of Agnico Eagle Mines to a “strong-buy” rating in a research report on Tuesday, April 15th. Stifel Canada upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a research report on Wednesday, March 19th. Finally, Cfra Research raised shares of Agnico Eagle Mines to a “strong-buy” rating in a research note on Friday, April 25th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, Agnico Eagle Mines has a consensus rating of “Buy” and a consensus target price of C$139.67.

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.