Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) insider Jean Robitaille sold 20,000 shares of the business’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of C$56.48, for a total value of C$1,129,600.00.

Agnico Eagle Mines Limited (AEM) traded up C$0.21 during midday trading on Wednesday, hitting C$56.44. The company’s stock had a trading volume of 459,589 shares, compared to its average volume of 676,822. Agnico Eagle Mines Limited has a 1 year low of C$49.50 and a 1 year high of C$68.76.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were given a $0.137 dividend. This represents a $0.55 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend was Thursday, November 30th. This is a positive change from Agnico Eagle Mines’s previous quarterly dividend of $0.10. Agnico Eagle Mines’s payout ratio is 26.67%.

A number of equities research analysts have commented on the company. Royal Bank of Canada reiterated a “sector perform” rating on shares of Agnico Eagle Mines in a research report on Monday, September 11th. Canaccord Genuity upped their price target on Agnico Eagle Mines from C$76.00 to C$77.00 in a research report on Friday, October 20th. Desjardins reiterated a “buy” rating and issued a C$60.00 price target on shares of Agnico Eagle Mines in a research report on Monday, December 11th. Finally, Eight Capital reiterated a “neutral” rating on shares of Agnico Eagle Mines in a research report on Thursday, November 16th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of C$65.25.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of US and international trademark and copyright law. The legal version of this news story can be accessed at https://www.thecerbatgem.com/2017/12/20/agnico-eagle-mines-limited-aem-insider-sells-c1129600-00-in-stock.html.

Agnico Eagle Mines Company Profile

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.

Insider Buying and Selling by Quarter for Agnico Eagle Mines (TSE:AEM)

Receive News & Stock Ratings for Agnico Eagle Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agnico Eagle Mines and related stocks with our FREE daily email newsletter.