Key Points
- Insider sale: Director Ammar Al-Joundi sold 20,000 shares on Nov. 26 at an average of C$243.40 for a total of C$4,868,000, trimming his stake by 26.7% to 54,917 shares.
- Stock & results: AEM trades around C$241.50 with a market cap of C$121.6B, a PE of 35.3 and a 52‑week range of C$110.89–C$263.23; the company reported C$2.16 EPS for the last quarter and analysts forecast roughly C$5.50 EPS for the fiscal year.
- Dividend and analyst view: Agnico paid a quarterly dividend of C$0.40 (annualized C$1.60, yield ~0.7%, payout ratio 23.4%), and analysts’ consensus is a “Buy” with a C$235 target while some firms have raised targets to C$300.
Agnico Eagle Mines Limited (TSE:AEM - Get Free Report) (NYSE:AEM) insider Ammar Al-Joundi sold 20,000 shares of the stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of C$243.40, for a total value of C$4,868,000.00. Following the sale, the insider directly owned 54,917 shares in the company, valued at C$13,366,797.80. This represents a 26.70% decrease in their position.
Agnico Eagle Mines Price Performance
Shares of TSE AEM opened at C$241.50 on Friday. The business has a fifty day moving average price of C$233.25 and a two-hundred day moving average price of C$203.85. The stock has a market capitalization of C$121.59 billion, a PE ratio of 35.31, a P/E/G ratio of 22.97 and a beta of 1.28. The company has a debt-to-equity ratio of 7.88, a current ratio of 1.75 and a quick ratio of 0.89. Agnico Eagle Mines Limited has a fifty-two week low of C$110.89 and a fifty-two week high of C$263.23.
Agnico Eagle Mines (TSE:AEM - Get Free Report) (NYSE:AEM) last released its earnings results on Wednesday, October 29th. The company reported C$2.16 earnings per share (EPS) for the quarter. The company had revenue of C$4.26 billion for the quarter. Agnico Eagle Mines had a return on equity of 5.05% and a net margin of 12.86%. As a group, equities analysts predict that Agnico Eagle Mines Limited will post 5.4966052 earnings per share for the current fiscal year.
Agnico Eagle Mines Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 15th were given a $0.40 dividend. The ex-dividend date was Monday, December 1st. This represents a $1.60 annualized dividend and a dividend yield of 0.7%. Agnico Eagle Mines's payout ratio is presently 23.39%.
Wall Street Analyst Weigh In
AEM has been the topic of a number of recent analyst reports. National Bankshares lifted their price objective on shares of Agnico Eagle Mines from C$285.00 to C$300.00 and gave the company an "outperform" rating in a research note on Tuesday, December 9th. Royal Bank Of Canada cut Agnico Eagle Mines from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, December 10th. Finally, Stifel Nicolaus lifted their price target on Agnico Eagle Mines from C$195.00 to C$300.00 in a research note on Monday, October 20th. Five analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of C$235.00.
Check Out Our Latest Stock Report on Agnico Eagle Mines
Agnico Eagle Mines Company Profile
(
Get Free Report)
Agnico Eagle Mines is a gold miner operating mines in Canada, Mexico, and Finland. It also owns 50% of the Canadian Malartic mine. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines on line in rapid succession in the following years. The company produced more than 1.7 million gold ounces in 2020. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions.
Further Reading
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