Insider Selling: Agnico Eagle Mines Limited (TSE:AEM) Senior Officer Sells 6,000 Shares of Stock

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Senior Officer Christopher Charles Norman Vollmershausen sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of C$155.55, for a total transaction of C$933,300.00.

Agnico Eagle Mines Trading Up 0.2 %

Shares of AEM stock traded up C$0.35 during mid-day trading on Monday, hitting C$154.14. The company’s stock had a trading volume of 295,975 shares, compared to its average volume of 1,002,365. The company has a market cap of C$54.50 billion, a PE ratio of 54.15, a P/E/G ratio of 22.97 and a beta of 1.10. The company has a debt-to-equity ratio of 7.88, a quick ratio of 0.89 and a current ratio of 1.75. The company’s fifty day simple moving average is C$140.49 and its 200-day simple moving average is C$123.85. Agnico Eagle Mines Limited has a 52 week low of C$81.75 and a 52 week high of C$157.88.

Agnico Eagle Mines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, March 14th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend was Friday, February 28th. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 76.24%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on AEM shares. Stifel Canada upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a report on Wednesday, March 19th. National Bankshares lifted their price target on shares of Agnico Eagle Mines from C$160.00 to C$190.00 and gave the stock an “outperform” rating in a report on Wednesday, March 19th. National Bank Financial upgraded Agnico Eagle Mines to a “strong-buy” rating in a report on Friday, March 21st. Finally, Royal Bank of Canada upped their price target on Agnico Eagle Mines to C$105.00 and gave the company a “buy” rating in a research report on Thursday, March 6th. Four equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$128.71.

Agnico Eagle Mines Company Profile

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.