Insider Selling: Agnico Eagle Mines (TSE:AEM) Director Sells 1,000 Shares

Key Points

• Insider transaction: Agnico Eagle Mines Director John Merfyn Roberts sold 1,000 shares at an average price of C$244.66, for total proceeds of C$244,660. He retained 17,682 shares, reducing his ownership by 5.35%.
• Stock performance and outlook: AEM shares rose 0.2% to C$252.05, while analysts’ consensus rating remained “Moderate Buy” with an average price target of C$295.33.
• Financial results and dividend: The company reported quarterly EPS of C$4.33 on C$5.53 billion in revenue, with a 40.45% net margin. Agnico Eagle also maintains a C$1.80 annualized dividend, yielding approximately 0.7%.

Agnico Eagle Mines Limited (TSE:AEM - Get Free Report) NYSE: AEM Director John Merfyn Roberts sold 1,000 shares of Agnico Eagle Mines stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of C$244.66, for a total value of C$244,660.00. Following the completion of the transaction, the director directly owned 17,682 shares in the company, valued at approximately C$4,326,078.12. This represents a 5.35% decrease in their ownership of the stock.

Agnico Eagle Mines Trading Up 0.2%

Agnico Eagle Mines stock traded up C$0.54 during mid-day trading on Tuesday, hitting C$252.05. 314,072 shares of the stock were exchanged, compared to its average volume of 1,027,719. The stock has a market capitalization of C$127.63 billion, a price-to-earnings ratio of 21.58, a PEG ratio of 22.97 and a beta of 1.83. Agnico Eagle Mines Limited has a 12 month low of C$180.26 and a 12 month high of C$348.94. The company has a quick ratio of 0.89, a current ratio of 2.86 and a debt-to-equity ratio of 1.12. The firm's fifty day simple moving average is C$219.26 and its two-hundred day simple moving average is C$259.44.

Agnico Eagle Mines (TSE:AEM - Get Free Report) NYSE: AEM last posted its quarterly earnings data on Wednesday, July 29th. The company reported C$4.33 earnings per share for the quarter. The company had revenue of C$5.53 billion during the quarter. Agnico Eagle Mines had a net margin of 40.45% and a return on equity of 22.69%. Analysts forecast that Agnico Eagle Mines Limited will post 5.4966052 EPS for the current year.

Agnico Eagle Mines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were given a $0.45 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. Agnico Eagle Mines's dividend payout ratio (DPR) is 14.55%.

Analysts Set New Price Targets

Several equities research analysts recently commented on AEM shares. Stifel Nicolaus cut their target price on Agnico Eagle Mines from C$350.00 to C$310.00 in a research report on Friday, July 17th. ATB Cormark Capital Markets raised Agnico Eagle Mines from a "sector" rating to an "outperform" rating in a research note on Monday, May 4th. National Bank Financial cut their price target on Agnico Eagle Mines from C$350.00 to C$275.00 and set an "outperform" rating on the stock in a report on Tuesday, July 14th. Barclays lowered their price objective on shares of Agnico Eagle Mines from C$298.00 to C$266.00 in a research note on Thursday, July 16th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Agnico Eagle Mines from C$321.00 to C$300.00 in a research report on Thursday, April 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of C$295.33.

Agnico Eagle Mines Company Profile

Canadian-based and led, Agnico Eagle is Canada's largest mining company and the second largest gold producer in the world, operating mines in Canada, Australia, Finland and Mexico. The Company is advancing a pipeline of high-quality development projects in these regions to support sustainable growth over the next decade. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading sustainability practices. Agnico Eagle was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.

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