Ammar Al-Joundi Sells 17,936 Shares of Agnico Eagle Mines Limited (TSE:AEM) Stock

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Senior Officer Ammar Al-Joundi sold 17,936 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of C$111.84, for a total value of C$2,005,962.24.

Ammar Al-Joundi also recently made the following trade(s):

• On Thursday, November 14th, Ammar Al-Joundi sold 19,900 shares of Agnico Eagle Mines stock. The shares were sold at an average price of C$109.25, for a total transaction of C$2,174,075.00.

Agnico Eagle Mines Trading Down 0.8 %

AEM stock opened at C$117.14 on Friday. The business’s 50-day moving average is C$116.14 and its 200 day moving average is C$108.19. Agnico Eagle Mines Limited has a 12-month low of C$60.17 and a 12-month high of C$123.86. The stock has a market cap of C$58.69 billion, a price-to-earnings ratio of 73.21, a PEG ratio of 22.97 and a beta of 1.10. The company has a current ratio of 1.51, a quick ratio of 0.89 and a debt-to-equity ratio of 9.94.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its quarterly earnings results on Wednesday, October 30th. The company reported C$1.56 EPS for the quarter, topping the consensus estimate of C$1.35 by C$0.21. The firm had revenue of C$2.94 billion during the quarter, compared to analysts’ expectations of C$2.50 billion. Agnico Eagle Mines had a return on equity of 3.10% and a net margin of 8.49%. On average, sell-side analysts anticipate that Agnico Eagle Mines Limited will post 5.4966052 EPS for the current fiscal year.

Agnico Eagle Mines Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend was Friday, November 29th. Agnico Eagle Mines’s dividend payout ratio is currently 135.63%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. National Bankshares lifted their price objective on shares of Agnico Eagle Mines from C$143.00 to C$144.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Stifel Nicolaus lifted their price target on Agnico Eagle Mines from C$114.00 to C$140.00 in a research note on Monday, October 21st. Finally, UBS Group raised Agnico Eagle Mines to a “strong-buy” rating in a report on Tuesday, September 17th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price 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.