Agnico Eagle Mines Ltd (TSE:AEM) Senior Officer Sells C$184,740.00 in Stock

Agnico Eagle Mines Ltd (TSE:AEM) (NYSE:AEM) Senior Officer Alain Blackburn sold 3,000 shares of Agnico Eagle Mines stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of C$61.58, for a total transaction of C$184,740.00. Following the completion of the sale, the insider now owns 10,618 shares in the company, valued at C$653,856.44.

Alain Blackburn also recently made the following trade(s):

  • On Wednesday, June 19th, Alain Blackburn sold 5,000 shares of Agnico Eagle Mines stock. The shares were sold at an average price of C$64.45, for a total value of C$322,250.00.
  • On Monday, June 17th, Alain Blackburn sold 3,000 shares of Agnico Eagle Mines stock. The stock was sold at an average price of C$62.75, for a total transaction of C$188,250.00.
  • On Monday, June 10th, Alain Blackburn sold 3,000 shares of Agnico Eagle Mines stock. The shares were sold at an average price of C$60.85, for a total transaction of C$182,550.00.

TSE:AEM opened at C$67.14 on Friday. The firm has a market cap of $15.75 billion and a P/E ratio of -46.92. Agnico Eagle Mines Ltd has a one year low of C$42.35 and a one year high of C$69.13. The company has a current ratio of 2.96, a quick ratio of 1.21 and a debt-to-equity ratio of 39.54. The stock’s 50 day simple moving average is C$59.75.

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

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were given a dividend of $0.292 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend was Thursday, May 30th. This is an increase from Agnico Eagle Mines’s previous quarterly dividend of $0.14. Agnico Eagle Mines’s payout ratio is presently -31.80%.

A number of analysts have commented on AEM shares. National Bank Financial increased their price target on shares of Agnico Eagle Mines from C$66.00 to C$67.00 in a research note on Thursday, March 21st. Desjardins cut shares of Agnico Eagle Mines from a “buy” rating to a “hold” rating and set a C$61.00 target price for the company. in a research note on Friday, April 12th. Finally, BMO Capital Markets set a C$48.00 price target on shares of Agnico Eagle Mines and gave the stock an “outperform” rating in a research report on Monday, April 29th.

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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