Insider Selling: Agnico Eagle Mines (TSE:AEM) Director Sells C$244,660.00 in Stock

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Director John Merfyn Roberts sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of C$244.66, for a total value of C$244,660.00. Following the transaction, the director directly owned 17,682 shares in the company, valued at C$4,326,078.12. The trade was a 5.35% decrease in their ownership of the stock.

Agnico Eagle Mines Price Performance

Shares of TSE AEM opened at C$251.52 on Friday. Agnico Eagle Mines Limited has a fifty-two week low of C$180.26 and a fifty-two week high of C$348.94. The stock has a market cap of C$127.36 billion, a price-to-earnings ratio of 21.53, a PEG ratio of 22.97 and a beta of 1.83. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.89 and a current ratio of 2.86. The firm’s 50-day simple moving average is C$219.86 and its 200 day simple moving average is C$258.67.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its quarterly earnings results on Wednesday, July 29th. The company reported C$4.33 EPS for the quarter. The business had revenue of C$5.53 billion during the quarter. Agnico Eagle Mines had a return on equity of 22.69% and a net margin of 40.45%. As a group, research analysts anticipate that Agnico Eagle Mines Limited will post 5.4966052 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were issued a dividend of $0.45 per share. The ex-dividend date was Monday, June 1st. This represents a $1.80 annualized dividend and a yield of 0.7%. Agnico Eagle Mines’s payout ratio is 14.55%.

Analysts Set New Price Targets

Several research firms have commented on AEM. Barclays dropped their target price on shares of Agnico Eagle Mines from C$298.00 to C$266.00 in a research report on Thursday, July 16th. JPMorgan Chase & Co. reduced their target price on Agnico Eagle Mines from C$321.00 to C$300.00 in a report on Thursday, April 23rd. National Bank Financial dropped their price target on Agnico Eagle Mines from C$350.00 to C$275.00 and set an “outperform” rating on the stock in a report on Tuesday, July 14th. Stifel Nicolaus reduced their price objective on Agnico Eagle Mines from C$350.00 to C$310.00 in a research note on Friday, July 17th. Finally, Jefferies Financial Group raised Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$295.33.

About Agnico Eagle Mines

Canadian-based and led, Agnico Eagle is Canada’s largest mining company and the second largest gold producer in the world, operating mines in Canada, Australia, Finland and Mexico. The Company is advancing a pipeline of high-quality development projects in these regions to support sustainable growth over the next decade. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading sustainability practices. Agnico Eagle was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.