Agnico Eagle Mines Limited

Mine Stocks Revalued Several Times

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) insider Jean Robitaille sold 5,000 shares of the firm’s stock in a transaction dated Friday, March 23rd. The shares were sold at an average price of C$53.49, for a total transaction of C$267,450.00.
Jean Robitaille also recently made the following trade(s):

On Monday, March 26th, Jean Robitaille sold 5,000 shares of Agnico Eagle Mines stock. The shares were sold at an average price of C$54.49, for a total transaction of C$272,450.00.
Shares of AEM traded up C$0.70 on Friday, reaching C$54.33. The company’s stock had a trading volume of 558,100 shares, compared to its average volume of 735,533. Agnico Eagle Mines Limited has a 12-month low of C$48.04 and a 12-month high of C$68.76.Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its quarterly earnings results on Wednesday, February 14th. The company reported C$0.27 earnings per share for the quarter, beating the consensus estimate of C$0.24 by C$0.03. Agnico Eagle Mines had a net margin of 6.21% and a return on equity of 2.85%. The business had revenue of C$717.92 million for the quarter, compared to the consensus estimate of C$709.69 million.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st were issued a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 0.99%. The ex-dividend date was Wednesday, February 28th.
A number of analysts have recently commented on the stock. Canaccord Genuity reduced their price target on shares of Agnico Eagle Mines from C$81.00 to C$77.00 in a research note on Friday, February 16th. National Bank Financial reduced their price target on shares of Agnico Eagle Mines from C$77.00 to C$70.00 in a research note on Friday, January 26th. Finally, Desjardins reiterated a “buy” rating and issued a C$60.00 price target on shares of Agnico Eagle Mines in a research note on Monday, December 11th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of C$68.67.
About Agnico Eagle Mines
Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Finland, and Mexico. It operates through three segments: Northern Business, Southern Business, and Exploration. The company primarily produces and sells gold, as well as explores for silver, zinc, and copper.

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