Insider Selling: Agnico Eagle Mines Ltd (TSE:AEM) Senior Officer Sells 10,000 Shares of Stock

Agnico Eagle Mines Ltd (TSE:AEM) (NYSE:AEM) Senior Officer Louise Grondin sold 10,000 shares of the stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of C$62.00, for a total value of C$620,000.00. Following the transaction, the insider now owns 48,734 shares in the company, valued at approximately C$3,021,508.

Louise Grondin also recently made the following trade(s):

  • On Monday, March 25th, Louise Grondin sold 10,000 shares of Agnico Eagle Mines stock. The shares were sold at an average price of C$59.60, for a total value of C$596,000.00.

AEM stock traded down C$0.66 during midday trading on Monday, reaching C$60.68. The stock had a trading volume of 527,156 shares, compared to its average volume of 814,689. The company has a debt-to-equity ratio of 39.54, a quick ratio of 1.21 and a current ratio of 2.96. The firm has a market capitalization of $14.40 billion and a P/E ratio of -42.45. Agnico Eagle Mines Ltd has a 52-week low of C$42.35 and a 52-week high of C$62.80.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its quarterly earnings data on Thursday, April 25th. The company reported C$0.18 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.07 by C$0.11. The firm had revenue of C$707.63 million during the quarter, compared to analysts’ expectations of C$682.74 million. On average, equities analysts forecast that Agnico Eagle Mines Ltd will post 0.66 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a $0.292 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.17 dividend on an annualized basis and a yield of 1.92%. This is a positive change from Agnico Eagle Mines’s previous quarterly dividend of $0.14. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently -31.80%.

A number of brokerages have weighed in on AEM. National Bank Financial raised their price objective on Agnico Eagle Mines from C$66.00 to C$67.00 in a report on Thursday, March 21st. BMO Capital Markets set a C$48.00 price objective on Agnico Eagle Mines and gave the company an “outperform” rating in a report on Monday, April 29th. Finally, Desjardins lowered Agnico Eagle Mines from a “buy” rating to a “hold” rating and set a C$61.00 price objective on the stock. in a report on Friday, April 12th.

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Agnico Eagle Mines Company Profile

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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