Insider Selling: Agnico Eagle Mines Limited (TSE:AEM) Senior Officer Sells C$1,661,989.44 in Stock

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Senior Officer Christopher Charles Norman Vollmershausen sold 15,072 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of C$110.27, for a total transaction of C$1,661,989.44.

Agnico Eagle Mines Price Performance

TSE AEM opened at C$108.15 on Monday. The company has a quick ratio of 0.89, a current ratio of 1.51 and a debt-to-equity ratio of 9.94. Agnico Eagle Mines Limited has a 12-month low of C$60.17 and a 12-month high of C$123.86. The company has a market capitalization of C$54.19 billion, a PE ratio of 67.59, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10. The firm’s 50 day moving average is C$112.47 and its 200-day moving average is C$102.06.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last posted its quarterly earnings data on Wednesday, October 30th. The company reported C$1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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. Equities research analysts anticipate that Agnico Eagle Mines Limited will post 5.4966052 earnings per share for the current fiscal year.

Agnico Eagle Mines Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a $0.40 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.48%. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 135.63%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on AEM shares. UBS Group raised Agnico Eagle Mines to a “strong-buy” rating in a research note on Tuesday, September 17th. Canaccord Genuity Group increased their target price on Agnico Eagle Mines from C$105.00 to C$118.00 in a research note on Tuesday, July 23rd. National Bankshares increased their target price on 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 increased their target price on Agnico Eagle Mines from C$114.00 to C$140.00 in a research note on Monday, October 21st. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Agnico Eagle Mines currently has an average rating of “Buy” and a consensus price target 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.