Ammar Al-Joundi Sells 20,000 Shares of Agnico Eagle Mines Limited (TSE:AEM) Stock

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Senior Officer Ammar Al-Joundi sold 20,000 shares of the company’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of C$118.94, for a total value of C$2,378,852.00.

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

• On Tuesday, December 31st, Ammar Al-Joundi sold 17,936 shares of Agnico Eagle Mines stock. The shares were sold at an average price of C$111.84, for a total value of C$2,005,962.24.
• 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 value of C$2,174,075.00.

Agnico Eagle Mines Stock Performance

TSE:AEM opened at C$118.61 on Tuesday. The business’s 50-day moving average price is C$115.87 and its two-hundred day moving average price is C$109.30. Agnico Eagle Mines Limited has a twelve month low of C$60.17 and a twelve month high of C$123.86. The stock has a market cap of C$59.43 billion, a P/E ratio of 74.13, a PEG ratio of 22.97 and a beta of 1.10. The company has a quick ratio of 0.89, a current ratio of 1.51 and a debt-to-equity ratio of 9.94.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its quarterly earnings results on Wednesday, October 30th. The company reported C$1.56 earnings per share for the quarter, beating the consensus estimate of C$1.35 by C$0.21. Agnico Eagle Mines had a return on equity of 3.10% and a net margin of 8.49%. The firm had revenue of C$2.94 billion for the quarter, compared to analysts’ expectations of C$2.50 billion. As a group, equities analysts predict 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. Shareholders of record on Friday, November 29th were issued a $0.40 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.60 annualized dividend and a dividend yield of 1.35%. Agnico Eagle Mines’s payout ratio is currently 135.63%.

Wall Street Analyst Weigh In

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