Agnico Eagle Mines Ltd (AEM) Insider Buys C$116,180.00 in Stock

Agnico Eagle Mines Ltd (TSE:AEM) (NYSE:AEM) insider Ammar Al-Joundi bought 2,000 shares of the stock in a transaction dated Friday, January 12th. The stock was bought at an average price of C$58.09 per share, for a total transaction of C$116,180.00.

Agnico Eagle Mines Ltd (AEM) traded up C$1.40 on Monday, hitting C$55.49. The stock had a trading volume of 904,795 shares, compared to its average volume of 702,077. Agnico Eagle Mines Ltd has a 1-year low of C$52.36 and a 1-year high of C$68.76. The stock has a market capitalization of $12,590.00, a price-to-earnings ratio of 37.75 and a beta of -1.03.

A number of equities analysts have issued reports on the company. National Bank Financial lowered their price target on Agnico Eagle Mines from C$77.00 to C$70.00 in a research report on Friday, January 26th. Desjardins restated a “buy” rating and issued a C$60.00 target price on shares of Agnico Eagle Mines in a research report on Monday, December 11th. Canaccord Genuity increased their price target on Agnico Eagle Mines from C$77.00 to C$81.00 in a report on Friday, January 19th. Finally, Eight Capital reaffirmed a “neutral” rating on shares of Agnico Eagle Mines in a report on Thursday, November 16th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of C$67.00.

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About Agnico Eagle Mines

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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