Insider Selling: Agnico Eagle Mines Limited (TSE:AEM) Senior Officer Sells 10,000 Shares of Stock

Agnico Eagle Mines Limited (TSE:AEM - Get Free Report) NYSE: AEM Senior Officer Jean Robitaille sold 10,000 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of C$122.00, for a total transaction of C$1,220,000.00.

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

• On Friday, November 22nd, Jean Robitaille sold 5,000 shares of Agnico Eagle Mines stock. The stock was sold at an average price of C$118.25, for a total value of C$591,250.00.
• On Tuesday, September 24th, Jean Robitaille sold 15,000 shares of Agnico Eagle Mines stock. The stock was sold at an average price of C$113.42, for a total value of C$1,701,300.00.

Agnico Eagle Mines Stock Down 0.9 %

TSE:AEM traded down C$1.08 during trading hours on Friday, hitting C$118.16. 269,720 shares of the company traded hands, compared to its average volume of 1,201,026. 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 firm's 50-day simple moving average is C$114.89 and its 200-day simple moving average is C$104.75. Agnico Eagle Mines Limited has a one year low of C$60.17 and a one year high of C$123.86. The company has a market cap of C$59.20 billion, a PE ratio of 74.53, a PEG ratio of 22.97 and a beta of 1.10.

Agnico Eagle Mines (TSE:AEM - Get Free Report) NYSE: AEM last released its earnings results 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 company had revenue of C$2.94 billion for the quarter, compared to analysts' expectations of C$2.50 billion. Equities analysts predict that Agnico Eagle Mines Limited will post 5.4966052 earnings per share for the current year.

Agnico Eagle Mines Cuts Dividend

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

Analysts Set New Price Targets

AEM has been the topic of a number of recent research reports. Stifel Nicolaus increased their target price on Agnico Eagle Mines from C$114.00 to C$140.00 in a report on Monday, October 21st. National Bankshares increased their target price on 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. Finally, UBS Group upgraded Agnico Eagle Mines to a "strong-buy" rating in a report on Tuesday, September 17th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target 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.

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