The Senior Vice-President Corporate Development of Agnico Eagle (AEM) is Buying Shares


Yesterday, the Senior Vice-President Corporate Development of Agnico Eagle (AEM), Jean Robitaille, bought shares of AEM for $391.3K.

Following this transaction Jean Robitaille’s holding in the company was increased by 9% to a total of $3.86 million. This is Robitaille’s first Buy trade following 8 Sell transactions.

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Based on Agnico Eagle’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $928 million and quarterly net profit of $205 million. In comparison, last year the company earned revenue of $753 million and had a net profit of $332 million. The company has a one-year high of $89.23 and a one-year low of $31.00. AEM’s market cap is $14.84 billion and the company has a P/E ratio of 29.10.

Based on 10 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $84.43, reflecting a -27.1% downside. Six different firms, including Canaccord Genuity and Cormark Securities, currently also have a Buy rating on the stock.

The insider sentiment on Agnico Eagle has been negative according to 146 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Agnico Eagle Mines Ltd. engages in the exploration and production of gold. It operates through the following segments: Northern Business, Southern Business, and Exploration. The Northern Business segment comprises of LaRonde mine, LaRonde Zone 5 mine, Lapa mine, Goldex mine, Meadowbank mine including the Amaruq deposit, Canadian Malartic joint operation, Meliadine project and Kittila mine. The Southern Business segment consists of Pinos Altos mine, Creston Mascota mine, and La India mine. The Exploration segment represents the exploration offices in the United States, Europe, Canada, and Latin America. The company was founded by Paul Penna on June 1, 1972 and is headquartered in Toronto, Canada.

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