Agnico Eagle Mines Limited (TSE:AEM - Get Free Report) (NYSE:AEM) insider Guy Gosselin sold 4,947 shares of the company's stock in a transaction on Friday, February 20th. The shares were sold at an average price of C$310.00, for a total transaction of C$1,533,570.00. Following the transaction, the insider owned 31,381 shares of the company's stock, valued at approximately C$9,728,110. The trade was a 13.62% decrease in their ownership of the stock.
Agnico Eagle Mines Stock Performance
TSE AEM opened at C$334.66 on Wednesday. The company's fifty day moving average is C$271.73 and its two-hundred day moving average is C$239.25. Agnico Eagle Mines Limited has a 52-week low of C$132.96 and a 52-week high of C$336.68. The company has a debt-to-equity ratio of 7.88, a current ratio of 1.75 and a quick ratio of 0.89. The firm has a market capitalization of C$167.43 billion, a price-to-earnings ratio of 37.77, a P/E/G ratio of 22.97 and a beta of 1.54.
Agnico Eagle Mines (TSE:AEM - Get Free Report) (NYSE:AEM) last released its earnings results on Friday, February 13th. The company reported C$3.71 earnings per share for the quarter. Agnico Eagle Mines had a net margin of 12.86% and a return on equity of 5.05%. The business had revenue of C$4.89 billion during the quarter. Equities research analysts forecast that Agnico Eagle Mines Limited will post 5.4966052 EPS for the current year.
Agnico Eagle Mines Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 15th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, December 1st. Agnico Eagle Mines's dividend payout ratio (DPR) is presently 18.06%.
Analysts Set New Price Targets
A number of brokerages recently commented on AEM. Stifel Nicolaus upped their target price on Agnico Eagle Mines from C$300.00 to C$350.00 and gave the company a "buy" rating in a research note on Tuesday, February 10th. TD Securities increased their price objective on shares of Agnico Eagle Mines from C$241.00 to C$251.00 and gave the company a "buy" rating in a research note on Tuesday, February 17th. Royal Bank Of Canada downgraded shares of Agnico Eagle Mines from a "moderate buy" rating to a "hold" rating in a report on Wednesday, December 10th. National Bank Financial upped their target price on shares of Agnico Eagle Mines from C$300.00 to C$320.00 and gave the company an "outperform" rating in a research note on Wednesday, February 4th. Finally, JPMorgan Chase & Co. set a C$337.00 price target on shares of Agnico Eagle Mines and gave the stock a "neutral" rating in a research report on Thursday, January 29th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of C$272.60.
Get Our Latest Research Report on AEM
About Agnico Eagle Mines
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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.
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