Dominique Girard Sells 20,000 Shares of Agnico Eagle Mines Limited (TSE:AEM) Stock

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Senior Officer Dominique Girard sold 20,000 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of C$113.49, for a total value of C$2,269,800.00.

Dominique Girard also recently made the following trade(s):

• On Friday, August 16th, Dominique Girard sold 5,000 shares of Agnico Eagle Mines stock. The shares were sold at an average price of C$109.29, for a total value of C$546,450.00.
• On Monday, August 12th, Dominique Girard sold 11,000 shares of Agnico Eagle Mines stock. The shares were sold at an average price of C$104.33, for a total transaction of C$1,147,630.00.

Agnico Eagle Mines Stock Performance

Agnico Eagle Mines Limited has a twelve month low of C$59.36 and a twelve month high of C$113.99. The firm has a fifty day simple moving average of C$104.86 and a two-hundred day simple moving average of C$92.00. The company has a debt-to-equity ratio of 9.94, a quick ratio of 0.89 and a current ratio of 1.51. The firm has a market cap of C$56.65 billion, a P/E ratio of 71.31, a PEG ratio of 22.97 and a beta of 1.10.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its quarterly earnings data on Wednesday, July 31st. The company reported C$1.46 earnings per share for the quarter, beating the consensus estimate of C$1.27 by C$0.19. The business had revenue of C$2.84 billion for the quarter, compared to analyst estimates of C$2.36 billion. Agnico Eagle Mines had a return on equity of 3.10% and a net margin of 8.49%. On average, equities analysts predict that Agnico Eagle Mines Limited will post 5.3998976 EPS for the current fiscal year.

Agnico Eagle Mines Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be paid a $0.547 dividend. This is an increase from Agnico Eagle Mines’s previous quarterly dividend of $0.40. The ex-dividend date is Friday, August 30th. This represents a $2.19 annualized dividend and a yield of ∞. Agnico Eagle Mines’s dividend payout ratio is presently 139.10%.

Analysts Set New Price Targets

AEM has been the topic of a number of analyst reports. National Bankshares set a C$104.00 target price on shares of Agnico Eagle Mines and gave the stock an “outperform” rating in a research report on Monday, June 24th. Canaccord Genuity Group raised their price objective on Agnico Eagle Mines from C$105.00 to C$118.00 in a research note on Tuesday, July 23rd. Eight Capital upped their target price on Agnico Eagle Mines from C$105.00 to C$115.00 in a research report on Thursday, July 11th. Finally, Cormark raised their price target on Agnico Eagle Mines from C$110.00 to C$115.00 in a research report on Monday, June 24th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Agnico Eagle Mines has a consensus rating of “Buy” and a consensus target price of C$105.14.

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.