Agnico Eagle Mines Limited (TSE:AEM) Insider Jean Robitaille Sells 20,000 Shares

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

Shares of Agnico Eagle Mines Limited (AEM) traded up C$0.82 during trading on Friday, hitting C$58.88. 593,317 shares of the stock traded hands, compared to its average volume of 814,192. Agnico Eagle Mines Limited has a 1 year low of C$52.36 and a 1 year high of C$68.76. The company has a market capitalization of $13,680.00, a PE ratio of 40.33 and a beta of -1.15.

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were issued a $0.137 dividend. This is a boost from Agnico Eagle Mines’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.55 annualized dividend and a dividend yield of 0.93%. Agnico Eagle Mines’s dividend payout ratio (DPR) is currently 27.40%.

AEM has been the topic of a number of recent analyst reports. Eight Capital reaffirmed a “neutral” rating on shares of Agnico Eagle Mines in a research note on Thursday, November 16th. Canaccord Genuity increased their price target on shares of Agnico Eagle Mines from C$77.00 to C$78.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Finally, Desjardins reiterated a “buy” rating and set a C$60.00 price target on shares of Agnico Eagle Mines in a research report on Monday, December 11th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of C$66.29.

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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)

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