Agnico Eagle Mines Limited (TSE:AEM) Senior Officer Jean Robitaille Sells 11,904 Shares

Agnico Eagle Mines Limited (TSE:AEM - Get Free Report) NYSE: AEM Senior Officer Jean Robitaille sold 11,904 shares of the firm's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of C$170.50, for a total value of C$2,029,632.00.

Agnico Eagle Mines Stock Down 1.4%

Agnico Eagle Mines stock traded down C$2.45 during midday trading on Thursday, hitting C$166.81. The stock had a trading volume of 848,376 shares, compared to its average volume of 1,078,929. The stock has a market cap of C$58.98 billion, a P/E ratio of 58.61, a P/E/G ratio of 22.97 and a beta of 1.10. The business has a fifty day moving average price of C$158.75 and a 200 day moving average price of C$139.82. Agnico Eagle Mines Limited has a 12 month low of C$86.66 and a 12 month high of C$175.33. The company has a current ratio of 1.75, a quick ratio of 0.89 and a debt-to-equity ratio of 7.88.

Agnico Eagle Mines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 16th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.60 dividend on an annualized basis and a yield of 0.96%. Agnico Eagle Mines's dividend payout ratio (DPR) is 76.24%.

Analyst Ratings Changes

Several brokerages recently weighed in on AEM. Stifel Nicolaus lifted their price target on Agnico Eagle Mines from C$185.00 to C$195.00 in a research report on Monday, April 28th. National Bank Financial raised Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, March 21st. UBS Group downgraded Agnico Eagle Mines from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 31st. Stifel Canada upgraded Agnico Eagle Mines to a "strong-buy" rating in a report on Wednesday, March 19th. Finally, Royal Bank of Canada boosted their target price on Agnico Eagle Mines to C$105.00 and gave the stock a "buy" rating in a research note on Thursday, March 6th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and four have given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of C$139.67.

About Agnico Eagle Mines

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.