Agnico Eagle Mines Limited (TSE:AEM) Senior Officer Sells C$2,005,962.24 in Stock

Agnico Eagle Mines Limited (TSE:AEM - Get Free Report) NYSE: AEM Senior Officer Ammar Al-Joundi sold 17,936 shares of the company's stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of C$111.84, for a total transaction of C$2,005,962.24.

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

• 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 Price Performance

Agnico Eagle Mines stock traded down C$0.92 during trading hours on Friday, hitting C$117.14. The stock had a trading volume of 636,733 shares, compared to its average volume of 715,106. The stock has a market capitalization of C$58.69 billion, a price-to-earnings ratio of 73.21, a PEG ratio of 22.97 and a beta of 1.10. 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 1-year low of C$60.17 and a 1-year high of C$123.86. The stock's fifty day moving average is C$116.14 and its two-hundred day moving average is C$108.05.

Agnico Eagle Mines (TSE:AEM - Get Free Report) NYSE: AEM last announced its quarterly earnings results on Wednesday, October 30th. The company reported C$1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.35 by C$0.21. Agnico Eagle Mines had a net margin of 8.49% and a return on equity of 3.10%. The company had revenue of C$2.94 billion for the quarter, compared to the consensus estimate of C$2.50 billion. As a group, analysts predict that Agnico Eagle Mines Limited will post 5.4966052 earnings per share for the current fiscal year.

Agnico Eagle Mines Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Friday, November 29th. Agnico Eagle Mines's payout ratio is currently 135.63%.

Wall Street Analyst Weigh In

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