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.
For this and other Zinc Mine Investments follow us on Zinc Mine Blog