James Porter Sells 3,000 Shares of Agnico Eagle Mines (TSE:AEM) Stock

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) insider James Porter sold 3,000 shares of the firm’s stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of C$247.42, for a total transaction of C$742,260.00. Following the completion of the transaction, the insider directly owned 7,734 shares of the company’s stock, valued at C$1,913,546.28. This represents a 27.95% decrease in their ownership of the stock.

Agnico Eagle Mines Stock Performance

TSE AEM opened at C$293.89 on Monday. The firm has a market capitalization of C$147.55 billion, a P/E ratio of 42.97, a price-to-earnings-growth ratio of 22.97 and a beta of 1.42. The company has a current ratio of 1.75, a quick ratio of 0.89 and a debt-to-equity ratio of 7.88. The firm’s fifty day moving average price is C$246.90 and its two-hundred day moving average price is C$220.87. Agnico Eagle Mines Limited has a 1 year low of C$125.87 and a 1 year high of C$297.50.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its quarterly earnings data on Wednesday, October 29th. The company reported C$3.01 earnings per share for the quarter. The company had revenue of C$4.26 billion for the quarter. Agnico Eagle Mines had a net margin of 12.86% and a return on equity of 5.05%. As a group, research analysts anticipate that Agnico Eagle Mines Limited will post 5.4966052 EPS for the current year.

Agnico Eagle Mines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 15th were paid a $0.40 dividend. The ex-dividend date was Monday, December 1st. This represents a $1.60 annualized dividend and a yield of 0.5%. Agnico Eagle Mines’s dividend payout ratio is currently 23.39%.

Analyst Ratings Changes

AEM has been the topic of a number of recent analyst reports. Royal Bank Of Canada lowered Agnico Eagle Mines from a “moderate buy” rating to a “hold” rating in a report on Wednesday, December 10th. National Bankshares raised their price target on Agnico Eagle Mines from C$285.00 to C$300.00 and gave the company an “outperform” rating in a report on Tuesday, December 9th. Finally, Stifel Nicolaus upped their price objective on shares of Agnico Eagle Mines from C$195.00 to C$300.00 in a report on Monday, October 20th. Five analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$235.00.

About Agnico Eagle Mines

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.