Agnico Eagle Mines Limited (TSE:AEM) Senior Officer Christopher Charles Norman Vollmershausen Sells 15,072 Shares of Stock

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Senior Officer Christopher Charles Norman Vollmershausen sold 15,072 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of C$110.27, for a total transaction of C$1,661,989.44.

Agnico Eagle Mines Price Performance

Shares of TSE AEM opened at C$108.15 on Friday. The stock’s 50-day moving average is C$112.47 and its two-hundred day moving average is C$101.96. The company has a debt-to-equity ratio of 9.94, a current ratio of 1.51 and a quick ratio of 0.89. The company has a market cap of C$54.19 billion, a price-to-earnings ratio of 67.59, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10. Agnico Eagle Mines Limited has a 1-year low of C$60.17 and a 1-year high of C$123.86.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its earnings results on Wednesday, October 30th. The company reported C$1.56 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.35 by C$0.21. Agnico Eagle Mines had a net margin of 8.49% and a return on equity of 3.10%. The firm had revenue of C$2.94 billion for the quarter, compared to analyst estimates of C$2.50 billion. Analysts forecast that Agnico Eagle Mines Limited will post 5.4966052 EPS for the current fiscal year.

Agnico Eagle Mines Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.60 annualized dividend and a dividend yield of 1.48%. Agnico Eagle Mines’s dividend payout ratio (DPR) is currently 135.63%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on AEM shares. Stifel Nicolaus boosted their target price on Agnico Eagle Mines from C$114.00 to C$140.00 in a research report on Monday, October 21st. UBS Group upgraded Agnico Eagle Mines to a “strong-buy” rating in a report on Tuesday, September 17th. National Bankshares raised their target price on 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. Finally, Canaccord Genuity Group boosted their price target on shares of Agnico Eagle Mines from C$105.00 to C$118.00 in a research note on Tuesday, July 23rd. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Agnico Eagle Mines 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.