Agnico Eagle Mines Limited (TSE:AEM) Senior Officer Sells C$2,029,632.00 in Stock

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Senior Officer Jean Robitaille sold 11,904 shares of the company’s stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of C$170.50, for a total transaction of C$2,029,632.00.

Agnico Eagle Mines Trading Down 3.1%

Shares of AEM opened at C$161.60 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. The firm’s 50-day moving average is C$158.88 and its two-hundred day moving average is C$140.31. Agnico Eagle Mines Limited has a twelve month low of C$86.66 and a twelve month high of C$175.33. The firm has a market capitalization of C$57.14 billion, a P/E ratio of 56.78, a PEG ratio of 22.97 and a beta of 1.10.

Agnico Eagle Mines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 16th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, May 30th. This represents a $1.60 annualized dividend and a yield of 0.99%. Agnico Eagle Mines’s payout ratio is currently 76.24%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AEM. Royal Bank of Canada upped their target price on shares of Agnico Eagle Mines to C$105.00 and gave the company a “buy” rating in a report on Thursday, March 6th. Cfra Research upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a research note on Friday, April 25th. National Bankshares boosted their price target on shares of Agnico Eagle Mines from C$160.00 to C$190.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 19th. BMO Capital Markets upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a research note on Tuesday, April 15th. Finally, Stifel Canada upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a research note on Wednesday, March 19th. One equities research 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’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target 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.