Agnico Eagle Mines Ltd (AEM) Insider Louise Grondin Sells 5,000 Shares

Agnico Eagle Mines Ltd (TSE:AEM) (NYSE:AEM) insider Louise Grondin sold 5,000 shares of Agnico Eagle Mines stock in a transaction that occurred on Monday, June 18th. The stock was sold at an average price of C$60.00, for a total transaction of C$300,000.00.

Shares of Agnico Eagle Mines opened at C$59.29 on Wednesday, MarketBeat.com reports. Agnico Eagle Mines Ltd has a 12 month low of C$48.04 and a 12 month high of C$64.84.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its earnings results on Thursday, April 26th. The company reported C$0.19 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.21 by C($0.02). The company had revenue of C$731.21 million during the quarter, compared to the consensus estimate of C$705.50 million. Agnico Eagle Mines had a return on equity of 2.85% and a net margin of 6.21%.

The business also recently announced a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Friday, June 1st were paid a $0.142 dividend. This is an increase from Agnico Eagle Mines’s previous quarterly dividend of $0.14. This represents a $0.57 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date was Thursday, May 31st.

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets raised shares of Agnico Eagle Mines from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from C$47.00 to C$55.00 in a research report on Tuesday, May 29th. National Bank Financial cut their price objective on shares of Agnico Eagle Mines from C$59.00 to C$58.00 and set a “sector perform” rating for the company in a research report on Monday, April 30th. Finally, Canaccord Genuity lowered their target price on shares of Agnico Eagle Mines from C$77.00 to C$68.00 in a research note on Monday, April 23rd. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of C$61.20.

About Agnico Eagle Mines

Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. The company operates through Northern Business and Southern Business segments. It primarily produces and sells gold deposit, as well as explores for silver, zinc, and copper deposits.

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

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