Insider Selling: Agnico Eagle Mines (TSE:AEM) Insider Sells C$1,533,570.00 in Stock

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

Agnico Eagle Mines Stock Performance

Shares of TSE:AEM opened at C$337.09 on Friday. The business’s 50-day simple moving average is C$275.78 and its 200 day simple moving average is C$240.55. The company has a market cap of C$168.65 billion, a P/E ratio of 38.05, a PEG ratio of 22.97 and a beta of 1.54. The company has a debt-to-equity ratio of 7.88, a quick ratio of 0.89 and a current ratio of 1.75. Agnico Eagle Mines Limited has a one year low of C$132.96 and a one year high of C$337.51.

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

Agnico Eagle Mines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 15th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, December 1st. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 18.06%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. TD Securities raised their target price on Agnico Eagle Mines from C$241.00 to C$251.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. Stifel Nicolaus raised their price objective on Agnico Eagle Mines from C$300.00 to C$350.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Erste Group Bank lowered Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 18th. JPMorgan Chase & Co. set a C$337.00 target price on Agnico Eagle Mines and gave the company a “neutral” rating in a research note on Thursday, January 29th. Finally, Royal Bank Of Canada lowered shares of Agnico Eagle Mines from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, December 10th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has an average 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.