Insider Selling: Agnico Eagle Mines (TSE:AEM) Insider Sells 3,000 Shares of Stock

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) insider Jean Robitaille sold 3,000 shares of Agnico Eagle Mines stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of C$235.00, for a total value of C$705,000.00. Following the completion of the sale, the insider directly owned 1,000 shares in the company, valued at approximately C$235,000. This represents a 75.00% decrease in their position.

Agnico Eagle Mines Stock Up 0.7%

Shares of Agnico Eagle Mines stock opened at C$236.31 on Monday. The business’s 50 day simple moving average is C$200.85 and its 200 day simple moving average is C$174.75. Agnico Eagle Mines Limited has a 52-week low of C$104.99 and a 52-week high of C$238.97. The firm has a market cap of C$118.71 billion, a PE ratio of 40.19, a P/E/G ratio of 22.97 and a beta of 1.24. The company has a debt-to-equity ratio of 7.88, a quick ratio of 0.89 and a current ratio of 1.75.

Agnico Eagle Mines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 15th were given a $0.40 dividend. 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 dividend payout ratio (DPR) is currently 27.21%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. TD Securities raised Agnico Eagle Mines to a “strong-buy” rating in a research report on Thursday, July 17th. Raymond James Financial raised Agnico Eagle Mines to a “moderate buy” rating in a research report on Monday, June 30th. Five analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Agnico Eagle Mines has an average rating of “Strong Buy” and an average target price of C$163.33.

About Agnico Eagle Mines

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.