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

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) insider Guy Gosselin sold 4,947 shares of the business’s stock in a transaction that occurred 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 ownership of the stock.

Agnico Eagle Mines Price Performance

Shares of AEM stock traded up C$5.78 during mid-day trading on Tuesday, hitting C$335.44. The company had a trading volume of 318,506 shares, compared to its average volume of 1,070,636. The company has a debt-to-equity ratio of 7.88, a current ratio of 1.75 and a quick ratio of 0.89. The stock’s 50 day moving average price is C$269.62 and its 200-day moving average price is C$238.21. Agnico Eagle Mines Limited has a 52-week low of C$132.96 and a 52-week high of C$335.44. The company has a market capitalization of C$167.82 billion, a P/E ratio of 37.86, a P/E/G ratio of 22.97 and a beta of 1.54.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its quarterly earnings results on Friday, February 13th. The company reported C$3.71 earnings per share (EPS) 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%. Equities research analysts forecast that Agnico Eagle Mines Limited will post 5.4966052 earnings per share for the current year.

Agnico Eagle Mines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 15th were given 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 (DPR) is currently 18.06%.

Analysts Set New Price Targets

Several research analysts have commented on AEM shares. JPMorgan Chase & Co. set a C$337.00 price objective on shares of Agnico Eagle Mines and gave the stock a “neutral” rating in a research note on Thursday, January 29th. Erste Group Bank lowered Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Royal Bank Of Canada lowered Agnico Eagle Mines from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, December 10th. National Bank Financial boosted their target price on shares of Agnico Eagle Mines from C$300.00 to C$320.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Finally, TD Securities lifted their price objective on shares of Agnico Eagle Mines from C$241.00 to C$251.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$272.60.

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.