Insider Buying: Agnico Eagle Mines Limited (AEM) Insider Purchases 2,000 Shares of Stock

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) insider Ammar Al-Joundi bought 2,000 shares of the company’s stock in a transaction that occurred on Friday, January 12th. The stock was acquired at an average cost of C$58.09 per share, for a total transaction of C$116,180.00.

Shares of Agnico Eagle Mines Limited (TSE:AEM) traded down C$0.96 during mid-day trading on Friday, hitting C$57.99. The company’s stock had a trading volume of 726,354 shares, compared to its average volume of 669,334. The stock has a market capitalization of $13,480.00, a price-to-earnings ratio of 39.99 and a beta of -1.15. Agnico Eagle Mines Limited has a 12 month low of C$52.36 and a 12 month high of C$68.76.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its quarterly earnings data on Wednesday, October 25th. The company reported C$0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.22 by C$0.13. Agnico Eagle Mines had a return on equity of 5.83% and a net margin of 12.23%.

Several equities analysts recently commented on AEM shares. Canaccord Genuity increased their target price on Agnico Eagle Mines from C$76.00 to C$77.00 in a report on Friday, October 20th. Desjardins reaffirmed a “buy” rating and set a C$60.00 price objective on shares of Agnico Eagle Mines in a report on Monday, December 11th. Finally, Eight Capital reaffirmed a “neutral” rating on shares of Agnico Eagle Mines in a report on Thursday, November 16th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$66.71.

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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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