Agnico Eagle Mines Limited (TSE:AEM) Senior Officer Guy Gosselin Sells 3,527 Shares

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Senior Officer Guy Gosselin sold 3,527 shares of Agnico Eagle Mines stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of C$157.50, for a total value of C$555,502.50.

Agnico Eagle Mines Stock Down 1.7 %

Shares of AEM opened at C$159.59 on Friday. The company has a current ratio of 1.75, a quick ratio of 0.89 and a debt-to-equity ratio of 7.88. Agnico Eagle Mines Limited has a 12 month low of C$86.66 and a 12 month high of C$175.33. The firm’s 50 day moving average is C$154.39 and its 200-day moving average is C$134.02. The stock has a market capitalization of C$56.43 billion, a PE ratio of 56.07, a P/E/G ratio of 22.97 and a beta of 1.10.

Agnico Eagle Mines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 16th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.60 annualized dividend and a yield of 1.00%. Agnico Eagle Mines’s dividend payout ratio is presently 76.24%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. BMO Capital Markets raised Agnico Eagle Mines to a “strong-buy” rating in a report on Tuesday, April 15th. National Bankshares upped their price target on shares of Agnico Eagle Mines from C$160.00 to C$190.00 and gave the company an “outperform” rating in a research note on Wednesday, March 19th. Cfra Research upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a research report on Friday, April 25th. Royal Bank of Canada upped their target price on Agnico Eagle Mines to C$105.00 and gave the company a “buy” rating in a research report on Thursday, March 6th. Finally, UBS Group cut Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a report on Monday, March 31st. One analyst has rated the stock with a hold rating, three have given a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average 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.