Agnico Eagle Mines Limited (TSE:AEM) Senior Officer Sells C$1,483,200.00 in Stock

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Senior Officer Dominique Girard sold 10,000 shares of Agnico Eagle Mines stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of C$148.32, for a total transaction of C$1,483,200.00.

Agnico Eagle Mines Stock Performance

TSE AEM opened at C$148.81 on Friday. The company’s 50 day moving average is C$134.24 and its 200-day moving average is C$121.02. Agnico Eagle Mines Limited has a 12-month low of C$73.43 and a 12-month high of C$150.38. The company has a quick ratio of 0.89, a current ratio of 1.75 and a debt-to-equity ratio of 7.88. The firm has a market cap of C$52.62 billion, a P/E ratio of 52.28, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10.

Agnico Eagle Mines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, March 14th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend was Friday, February 28th. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 76.24%.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada lifted their price objective on shares of Agnico Eagle Mines to C$105.00 and gave the stock a “buy” rating in a research report on Thursday, March 6th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$122.14.

Agnico Eagle Mines Company Profile

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.