Agnico Eagle Mines Limited (TSE:AEM - Get Free Report) NYSE: AEM insider Jean Robitaille sold 3,000 shares of the stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of C$235.00, for a total transaction of C$705,000.00. Following the completion of the sale, the insider owned 1,000 shares of the company's stock, valued at approximately C$235,000. This represents a 75.00% decrease in their position.
Agnico Eagle Mines Stock Performance
Shares of Agnico Eagle Mines stock traded up C$0.84 during trading on Friday, hitting C$235.55. 152,010 shares of the stock were exchanged, compared to its average volume of 1,021,816. Agnico Eagle Mines Limited has a 1-year low of C$104.99 and a 1-year high of C$238.97. The company has a current ratio of 1.75, a quick ratio of 0.89 and a debt-to-equity ratio of 7.88. The stock has a market capitalization of C$118.60 billion, a price-to-earnings ratio of 40.06, a price-to-earnings-growth ratio of 22.97 and a beta of 1.02. The company has a fifty day moving average price of C$199.60 and a 200-day moving average price of C$173.84.
Agnico Eagle Mines Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 15th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, September 2nd. Agnico Eagle Mines's payout ratio is 27.21%.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the company. TD Securities upgraded Agnico Eagle Mines to a "strong-buy" rating in a report on Thursday, July 17th. Raymond James Financial raised Agnico Eagle Mines to a "moderate buy" rating in a report on Monday, June 30th. Five investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, Agnico Eagle Mines currently has an average rating of "Strong Buy" and a consensus price target of C$163.33.
Check Out Our Latest Stock Analysis on Agnico Eagle Mines
Agnico Eagle Mines Company Profile
(
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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.
Further Reading
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