Insider Selling: Agnico Eagle Mines Limited (TSE:AEM) Senior Officer Sells C$591,250.00 in Stock

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Senior Officer Jean Robitaille sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were 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

Shares of AEM opened at C$117.92 on Monday. The company has a market cap of C$59.08 billion, a P/E ratio of 73.70, a PEG ratio of 22.97 and a beta of 1.10. The stock has a fifty day moving average price of C$113.17 and a 200 day moving average price of C$103.05. The company has a debt-to-equity ratio of 9.94, a current ratio of 1.51 and a quick ratio of 0.89. Agnico Eagle Mines Limited has a 12 month low of C$60.17 and a 12 month high of C$123.86.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued 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 the consensus estimate of C$2.50 billion. On average, research analysts forecast that Agnico Eagle Mines Limited will post 5.4966052 earnings per share for the current year.

Agnico Eagle Mines Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.60 annualized dividend and a dividend yield of 1.36%. Agnico Eagle Mines’s payout ratio is 135.63%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on AEM shares. National Bankshares boosted their price target on Agnico Eagle Mines from C$143.00 to C$144.00 and gave the company an “outperform” rating in a report on Friday, November 1st. UBS Group upgraded Agnico Eagle Mines to a “strong-buy” rating in a report on Tuesday, September 17th. Finally, Stifel Nicolaus boosted their price target on Agnico Eagle Mines from C$114.00 to C$140.00 in a report on Monday, October 21st. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average 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.