The Vice Chairman & Chief Executive Officer of Agnico Eagle is Exercising Options

By Carrie Williams

Today it was reported that the Vice Chairman & Chief Executive Officer of Agnico Eagle (AEMResearch Report), Sean Boyd, exercised options to sell 50,765 AEM shares for a total transaction value of $4.56M.

In addition to Sean Boyd, 18 other AEM executives reported Sell trades in the last month.

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Based on Agnico Eagle’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $981 million and quarterly net profit of $223 million. In comparison, last year the company earned revenue of $683 million and had a net profit of $76.67 million. The company has a one-year high of $89.23 and a one-year low of $31.00. AEM’s market cap is $17.07 billion and the company has a P/E ratio of 26.00.

Based on 7 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $92.01, reflecting a -100.0% downside.

The insider sentiment on Agnico Eagle has been negative according to 150 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.