Agnico Eagle Mines Limited (AEM.TO) (TSE:AEM) Hits New 1-Year Low After Insider Selling


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Shares of Agnico Eagle Mines Limited (AEM.TO) (TSE:AEM) (NYSE:AEM) hit a new 52-week low during trading on Wednesday after an insider sold shares in the company. The stock traded as low as C$0.09 and last traded at C$0.09, with a volume of 535469 shares trading hands. The stock had previously closed at C$89.41.

Specifically, Director Sean Boyd sold 90,000 shares of the company’s stock in a transaction that occurred on Monday, January 11th. The shares were sold at an average price of C$89.74, for a total transaction of C$8,076,600.00. Following the completion of the transaction, the director now directly owns 123,455 shares in the company, valued at approximately C$11,078,851.70. Also, Senior Officer Ammar Al-Joundi sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 12th. The stock was sold at an average price of C$88.41, for a total transaction of C$1,768,200.00. Following the transaction, the insider now owns 117,542 shares of the company’s stock, valued at C$10,391,888.22. Over the last 90 days, insiders sold 128,279 shares of company stock worth $11,663,311.

AEM has been the subject of a number of research analyst reports. Eight Capital upped their price objective on shares of Agnico Eagle Mines Limited (AEM.TO) from C$105.00 to C$140.00 in a research report on Wednesday, October 14th. National Bank Financial lowered their price objective on shares of Agnico Eagle Mines Limited (AEM.TO) from C$128.00 to C$124.00 and set an “outperform” rating for the company in a research report on Wednesday, November 18th. Royal Bank of Canada restated a “sector perform” rating on shares of Agnico Eagle Mines Limited (AEM.TO) in a research report on Thursday, October 29th. Finally, Raymond James restated an “outperform” rating and issued a C$95.00 price target on shares of Agnico Eagle Mines Limited (AEM.TO) in a research report on Wednesday, January 6th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Agnico Eagle Mines Limited (AEM.TO) has an average rating of “Buy” and a consensus target price of C$117.00.

The stock has a market capitalization of C$21.55 billion and a P/E ratio of 33.80. The business’s 50 day simple moving average is C$90.12 and its two-hundred day simple moving average is C$98.61. The company has a quick ratio of 0.79, a current ratio of 2.37 and a debt-to-equity ratio of 30.67.

Agnico Eagle Mines Limited (AEM.TO) (TSE:AEM) (NYSE:AEM) last released its quarterly earnings data on Wednesday, October 28th. The company reported C$1.04 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.90 by C$0.14. The business had revenue of C$1.31 billion during the quarter. Analysts predict that Agnico Eagle Mines Limited will post 0.6589269 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 15th. Stockholders of record on Wednesday, November 25th were issued a $0.466 dividend. The ex-dividend date of this dividend was Tuesday, November 24th. This represents a $1.86 annualized dividend and a dividend yield of 2.10%. This is an increase from Agnico Eagle Mines Limited (AEM.TO)’s previous quarterly dividend of $0.27. Agnico Eagle Mines Limited (AEM.TO)’s dividend payout ratio is currently 29.46%.

Agnico Eagle Mines Limited (AEM.TO) Company Profile (TSE:AEM)

Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. The company operates through Northern Business and Southern Business segments. It primarily produces and sells gold deposit, as well as explores for silver, zinc, and copper deposits.

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