Insider Selling: Agnico Eagle Mines (TSE:AEM) Director Sells C$244,660.00 in Stock

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Director John Merfyn Roberts sold 1,000 shares of Agnico Eagle Mines stock in a transaction dated Monday, August 10th. The shares were sold at an average price of C$244.66, for a total value of C$244,660.00. Following the transaction, the director owned 17,682 shares of the company’s stock, valued at C$4,326,078.12. This trade represents a 5.35% decrease in their position.

Agnico Eagle Mines Stock Up 0.2%

AEM traded up C$0.54 during midday trading on Tuesday, reaching C$252.05. 314,072 shares of the company were exchanged, compared to its average volume of 1,027,719. The company has a market cap of C$127.63 billion, a price-to-earnings ratio of 21.58, a price-to-earnings-growth ratio of 22.97 and a beta of 1.83. Agnico Eagle Mines Limited has a one year low of C$180.26 and a one year high of C$348.94. The company’s fifty day moving average price is C$219.26 and its 200 day moving average price is C$259.44. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.89 and a current ratio of 2.86.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its earnings results on Wednesday, July 29th. The company reported C$4.33 earnings per share (EPS) for the quarter. The company had revenue of C$5.53 billion for the quarter. Agnico Eagle Mines had a return on equity of 22.69% and a net margin of 40.45%. As a group, analysts expect that Agnico Eagle Mines Limited will post 5.4966052 EPS for the current year.

Agnico Eagle Mines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were issued a dividend of $0.45 per share. The ex-dividend date was Monday, June 1st. This represents a $1.80 annualized dividend and a yield of 0.7%. Agnico Eagle Mines’s payout ratio is 14.55%.

Analyst Ratings Changes

Several equities analysts recently weighed in on AEM shares. JPMorgan Chase & Co. reduced their price target on shares of Agnico Eagle Mines from C$321.00 to C$300.00 in a research report on Thursday, April 23rd. Stifel Nicolaus decreased their price target on shares of Agnico Eagle Mines from C$350.00 to C$310.00 in a research note on Friday, July 17th. BMO Capital Markets lifted their price target on shares of Agnico Eagle Mines from C$350.00 to C$370.00 in a report on Wednesday, April 22nd. National Bank Financial dropped their price objective on Agnico Eagle Mines from C$350.00 to C$275.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 14th. Finally, ATB Cormark Capital Markets raised Agnico Eagle Mines from a “sector” rating to an “outperform” rating in a report on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Agnico Eagle Mines presently has an average rating of “Moderate Buy” and an average target price of C$295.33.

About Agnico Eagle Mines

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.