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 Dominique Girard sold 10,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of C$148.32, for a total transaction of C$1,483,200.00.

Agnico Eagle Mines Stock Performance

Agnico Eagle Mines stock traded up C$3.06 during trading hours on Thursday, hitting C$148.28. The stock had a trading volume of 552,375 shares, compared to its average volume of 1,001,605. Agnico Eagle Mines Limited has a fifty-two week low of C$73.43 and a fifty-two week high of C$150.26. The company has a market cap of C$52.43 billion, a PE ratio of 52.10, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10. The company has a 50-day moving average of C$133.00 and a two-hundred day moving average of C$120.36. The company has a quick ratio of 0.89, a current ratio of 1.75 and a debt-to-equity ratio of 7.88.

Agnico Eagle Mines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a yield of 1.08%. Agnico Eagle Mines's dividend payout ratio is currently 76.24%.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada boosted their price target on Agnico Eagle Mines to C$105.00 and gave the stock a "buy" rating in a research report on Thursday, March 6th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of C$122.14.

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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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