Guy Gosselin Sells 4,947 Shares of Agnico Eagle Mines (TSE:AEM) Stock

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) insider Guy Gosselin sold 4,947 shares of the business’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of C$310.00, for a total value of C$1,533,570.00. Following the completion of the transaction, the insider directly owned 31,381 shares in the company, valued at approximately C$9,728,110. This represents a 13.62% decrease in their position.

Agnico Eagle Mines Stock Down 1.8%

Shares of TSE:AEM opened at C$328.69 on Thursday. Agnico Eagle Mines Limited has a 1 year low of C$132.96 and a 1 year high of C$336.68. The company has a market capitalization of C$164.45 billion, a PE ratio of 37.10, a price-to-earnings-growth ratio of 22.97 and a beta of 1.54. The business has a fifty day moving average price of C$273.69 and a two-hundred day moving average price of C$239.87. The company has a debt-to-equity ratio of 7.88, a current ratio of 1.75 and a quick ratio of 0.89.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its quarterly earnings results on Friday, February 13th. The company reported C$3.71 earnings per share for the quarter. The company had revenue of C$4.89 billion for the quarter. Agnico Eagle Mines had a net margin of 12.86% and a return on equity of 5.05%. Analysts forecast that Agnico Eagle Mines Limited will post 5.4966052 earnings per share for the current year.

Agnico Eagle Mines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 15th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis 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 is currently 18.06%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. TD Securities lifted their price target on shares of Agnico Eagle Mines from C$241.00 to C$251.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. National Bank Financial raised their target price on Agnico Eagle Mines from C$300.00 to C$320.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Royal Bank Of Canada cut Agnico Eagle Mines from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, December 10th. Stifel Nicolaus increased their price target on Agnico Eagle Mines from C$300.00 to C$350.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Finally, JPMorgan Chase & Co. set a C$337.00 price objective on Agnico Eagle Mines and gave the company a “neutral” rating in a research note on Thursday, January 29th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Agnico Eagle Mines presently has a consensus rating of “Moderate Buy” and an average target price of C$272.60.

Agnico Eagle Mines Company Profile

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.