Alain Blackburn Sells 5,000 Shares of Agnico Eagle Mines Ltd (TSE:AEM) Stock

Agnico Eagle Mines Ltd (TSE:AEM) (NYSE:AEM) Senior Officer Alain Blackburn sold 5,000 shares of the company’s stock in a transaction on Wednesday, June 19th. The stock was sold at an average price of C$64.45, for a total value of C$322,250.00. Following the transaction, the insider now directly owns 2,885 shares in the company, valued at approximately C$185,938.25.

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

  • On Monday, June 17th, Alain Blackburn sold 3,000 shares of Agnico Eagle Mines stock. The shares were 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.
  • On Wednesday, June 5th, Alain Blackburn sold 3,000 shares of Agnico Eagle Mines stock. The stock was sold at an average price of C$61.58, for a total value of C$184,740.00.

AEM stock traded down C$0.18 during midday trading on Friday, hitting C$67.63. The stock had a trading volume of 571,600 shares, compared to its average volume of 829,713. 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 company’s fifty day moving average price is C$63.21. The firm has a market cap of $15.88 billion and a price-to-earnings ratio of -47.26. Agnico Eagle Mines Ltd has a 1-year low of C$42.35 and a 1-year high of C$69.13.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last posted its earnings results on Thursday, April 25th. The company reported C$0.18 EPS for the quarter, topping the consensus estimate of C$0.07 by C$0.11. The business had revenue of C$707.63 million for the quarter, compared to the consensus estimate of C$682.74 million. Analysts predict that Agnico Eagle Mines Ltd will post 0.66 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were given a $0.292 dividend. This represents a $1.17 annualized dividend and a dividend yield of 1.73%. This is a boost from Agnico Eagle Mines’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Thursday, May 30th. Agnico Eagle Mines’s dividend payout ratio (DPR) is currently -31.80%.

A number of equities analysts have recently commented on AEM shares. Desjardins downgraded shares of Canadian Pacific Railway from a “buy” rating to a “hold” rating in a research note on Friday, April 12th. JPMorgan Chase & Co. upgraded shares of M.D.C. from an “underweight” rating to a “neutral” rating in a research note on Monday, July 8th. National Bank Financial downgraded shares of Detour Gold to a “hold” rating in a research note on Friday, June 28th. Finally, BMO Capital Markets raised their price objective on shares of Discover Financial Services to $92.00 and gave the stock a “market perform” rating in a research report on Monday, April 29th.

About Agnico Eagle Mines

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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