Agnico Eagle Mines Ltd (TSE:AEM) (NYSE:AEM) Senior Officer R. Gregory Laing sold 6,000 shares of the company’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of C$66.99, for a total transaction of C$401,940.00. Following the completion of the transaction, the insider now owns 37,559 shares of the company’s stock, valued at C$2,516,077.41.
Shares of AEM stock opened at C$67.07 on Thursday. The stock has a market capitalization of $15.85 billion and a P/E ratio of -46.87. The company has a fifty day moving average price of C$59.30. The company has a quick ratio of 1.21, a current ratio of 2.96 and a debt-to-equity ratio of 39.54. Agnico Eagle Mines Ltd has a twelve month low of C$42.35 and a twelve month high of C$69.13.
Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its earnings results on Thursday, April 25th. The company reported C$0.18 earnings per share for the quarter, beating the consensus estimate of C$0.07 by C$0.11. The firm had revenue of C$707.63 million during the quarter, compared to analysts’ expectations of C$682.74 million. As a group, research analysts forecast that Agnico Eagle Mines Ltd will post 0.66 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were paid a dividend of $0.292 per share. This represents a $1.17 dividend on an annualized basis and a yield of 1.74%. This is an increase from Agnico Eagle Mines’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, May 30th. Agnico Eagle Mines’s dividend payout ratio is -31.80%.
Several research analysts have recently weighed in on the stock. BMO Capital Markets set a C$48.00 target price on shares of Agnico Eagle Mines and gave the company an “outperform” rating in a research note on Monday, April 29th. National Bank Financial upped their target price on shares of Agnico Eagle Mines from C$67.00 to C$70.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. Finally, Desjardins downgraded shares of Agnico Eagle Mines from a “buy” rating to a “hold” rating and set a C$61.00 target price for the company. in a research note on Friday, April 12th.
About Agnico Eagle Mines
Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. The company operates through Northern Business and Southern Business segments. It primarily produces and sells gold deposit, as well as explores for silver, zinc, and copper deposits.
See Also: What is a resistance level?
Receive News & Ratings for Agnico Eagle Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agnico Eagle Mines and related companies with MarketBeat.com's FREE daily email newsletter.