Agnico Eagle Mines Ltd (TSE:AEM) Senior Officer Sells C$322,250.00 in Stock

Agnico Eagle Mines Ltd (TSE:AEM) (NYSE:AEM) Senior Officer Alain Blackburn sold 5,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 2,885 shares of the company’s stock, valued at 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 stock was sold at an average price of C$62.75, for a total value of C$188,250.00.
  • On Monday, June 10th, Alain Blackburn sold 3,000 shares of Agnico Eagle Mines stock. The stock was sold at an average price of C$60.85, for a total value 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 opened at C$66.71 on Monday. Agnico Eagle Mines Ltd has a fifty-two week low of C$42.35 and a fifty-two week high of C$66.71. The firm has a market cap of $15.66 billion and a P/E ratio of -46.62. The company has a quick ratio of 1.21, a current ratio of 2.96 and a debt-to-equity ratio of 39.54.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were issued a dividend of $0.292 per share. This represents a $1.17 dividend on an annualized basis and a yield of 1.75%. This is a boost from Agnico Eagle Mines’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, May 30th. Agnico Eagle Mines’s dividend payout ratio (DPR) is currently -31.80%.

A number of equities analysts have recently issued reports on AEM shares. National Bank Financial increased their target price on Agnico Eagle Mines from C$66.00 to C$67.00 in a report on Thursday, March 21st. Desjardins cut Agnico Eagle Mines from a “buy” rating to a “hold” rating and set a C$61.00 price target for the company. in a report on Friday, April 12th. Finally, BMO Capital Markets set a C$48.00 price target on Agnico Eagle Mines and gave the company an “outperform” rating in a 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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Insider Buying and Selling by Quarter for Agnico Eagle Mines (TSE:AEM)

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