Ammar Al-Joundi Purchases 2,000 Shares of Agnico Eagle Mines Limited (AEM) Stock
Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) insider Ammar Al-Joundi acquired 2,000 shares of the business’s stock in a transaction dated Friday, January 12th. The shares were bought at an average price of C$58.09 per share, with a total value of C$116,180.00.
Agnico Eagle Mines Limited (TSE:AEM) traded down C$0.15 during midday trading on Friday, hitting C$57.84. 733,100 shares of the stock were exchanged, compared to its average volume of 795,178. Agnico Eagle Mines Limited has a 1-year low of C$52.36 and a 1-year high of C$68.76. The firm has a market capitalization of $13,440.00, a P/E ratio of 39.89 and a beta of -1.15.
Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last posted its quarterly earnings results on Wednesday, October 25th. The company reported C$0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.22 by C$0.13. Agnico Eagle Mines had a net margin of 12.23% and a return on equity of 5.83%.
A number of analysts have recently issued reports on AEM shares. Canaccord Genuity increased their target price on Agnico Eagle Mines from C$73.00 to C$76.00 in a report on Friday, September 29th. Eight Capital restated a “neutral” rating on shares of Agnico Eagle Mines in a report on Thursday, November 16th. Finally, Desjardins restated a “buy” rating and issued a C$60.00 target price on shares of Agnico Eagle Mines in a report on Monday, December 11th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target 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.
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