Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) insider Jean Robitaille sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of C$56.48, for a total transaction of C$1,129,600.00.
Shares of Agnico Eagle Mines Limited (AEM) traded up C$0.82 on Friday, reaching C$58.88. 593,300 shares of the company traded hands, compared to its average volume of 666,276. The company has a market cap of $13,680.00, a P/E ratio of 40.33 and a beta of -1.15. Agnico Eagle Mines Limited has a 12-month low of C$52.36 and a 12-month high of C$68.76.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were issued a $0.137 dividend. This represents a $0.55 annualized dividend and a yield of 0.93%. The ex-dividend date was Thursday, November 30th. This is an increase from Agnico Eagle Mines’s previous quarterly dividend of $0.10. Agnico Eagle Mines’s dividend payout ratio (DPR) is 27.40%.
A number of equities analysts recently commented on the stock. Canaccord Genuity raised their price objective on shares of Agnico Eagle Mines from C$76.00 to C$77.00 in a research note on Friday, October 20th. Desjardins restated a “buy” rating and set a C$60.00 price target on shares of Agnico Eagle Mines in a report on Monday, December 11th. Finally, Eight Capital restated a “neutral” rating on shares of Agnico Eagle Mines in a report on Thursday, November 16th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of C$66.29.
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About Agnico Eagle Mines
Agnico Eagle Mines Ltd is a Canada-based gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut, as well as exploration activities in Canada, Europe, Latin America and the United States. It operates through the business units: Northern Business, which consists of its operations in Canada and Finland, such as the LaRonde mine, the Lapa mine, the Goldex mine, the Meadowbank mine, the Meliadine project and the Malartic Mine in Canada, as well as the Kittila mine in Finland; Southern Business, which consists of its operations in Mexico, such as the Pinos Altos mine that includes the Creston Mascota deposit and the La India mine owned by its indirect subsidiary, as well as Exploration Group, which focuses on the identification of new mineral reserves and mineral resources, and new development opportunities in gold producing regions.
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