Insider Selling: Agnico Eagle Mines Ltd (AEM) Insider Sells 13,750 Shares of Stock
Agnico Eagle Mines Ltd (TSE:AEM) (NYSE:AEM) insider David Smith sold 13,750 shares of the stock in a transaction dated Monday, May 15th. The shares were sold at an average price of C$66.30, for a total transaction of C$911,625.00.
Agnico Eagle Mines Ltd (AEM) traded up 0.65% during mid-day trading on Friday, hitting $62.00. 2,130,161 shares of the company traded hands. The firm has a 50 day moving average of $64.97 and a 200 day moving average of $59.98. Agnico Eagle Mines Ltd has a one year low of $46.91 and a one year high of $78.35. The firm has a market capitalization of $14.27 billion and a P/E ratio of 68.89.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Thursday, June 15th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date was Tuesday, May 30th.
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Several research analysts have recently commented on the stock. Royal Bank of Canada raised their target price on shares of Agnico Eagle Mines to C$70.00 and gave the stock a “sector perform” rating in a report on Thursday, May 11th. TD Securities reaffirmed a “hold” rating and set a C$65.00 target price on shares of Agnico Eagle Mines in a report on Friday, April 28th. Scotiabank reaffirmed an “outperform” rating and set a C$77.00 target price on shares of Agnico Eagle Mines in a report on Friday, April 28th. BMO Capital Markets reaffirmed a “market perform” rating and set a C$46.00 target price on shares of Agnico Eagle Mines in a report on Tuesday, March 28th. Finally, National Bank Financial lowered their target price on shares of Agnico Eagle Mines from C$69.50 to C$68.00 in a report on Thursday, February 23rd. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of C$66.50.
About Agnico Eagle Mines
Agnico Eagle Mines Limited is a gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States. The Company operates through three business units. The Northern Business consists of its operations in Canada and Finland.
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