Jean Robitaille Reduces Stake in Agnico Eagle Mines Limited by 5,000 Shares
January 8, 2023
Trending News ☀️
Agnico Eagle Mines ($TSX:AEM) Limited is a Canadian-based gold mining company with operations located in Finland, Mexico and Canada. It is listed on the Toronto Stock Exchange and the New York Stock Exchange, and is one of the world’s leading gold producers. Recently, Jean Robitaille, a major shareholder of Agnico Eagle Mines Limited, has disposed of 5,000 shares of its stock. This disposal has been reported on the Canadian Securities Administrators’ System for Electronic Disclosure by Insiders (SEDI). This news does not appear to have had a significant impact on Agnico Eagle Mines Limited’s stock price.
However, it is important to note that this transaction was made just before the company’s announcement of its third quarter financial results. This news does not appear to have had a significant impact on Agnico Eagle Mines Limited’s stock price, however, investors should keep an eye on any further announcements or transactions made by Jean Robitaille in the future as they could potentially impact the stock price.
Stock Price
The stock opened at CA$72.2 and closed at CA$73.2, rising 4.0% from the previous closing price of 70.4. Right now, the media exposure for AGNICO EAGLE MINES is mostly positive. This move by Robitaille is not the first time he has decreased his stake in the company. Despite this decrease in ownership, Robitaille remains one of the largest shareholders of the company.
The company has been doing well recently. Overall, this decrease in Robitaille’s stake does not seem to have affected the stock price of AGNICO EAGLE MINES. The company is expected to continue to do well in the coming months and its stock price should remain relatively stable. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for AEM. More…
| Total Revenues | Net Income | Net Margin |
| 5.26k | 547.66 | 13.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for AEM. More…
| Operations | Investing | Financing |
| 1.95k | -516.06 | -850.69 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for AEM. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 23.27k | 7.15k | 35.44 |
Key Ratios Snapshot
Some of the financial key ratios for AEM are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 32.2% | 56.5% | 20.3% |
| FCF Margin | ROE | ROA |
| 11.5% | 4.1% | 2.9% |
VI Analysis
Investing in a company requires thorough research and analysis of its fundamentals to assess its long-term potential. Fortunately, the process is made easier through the use of applications such as VI App. The app provides a comprehensive risk rating for companies based on their financial and business aspects. Using VI App, the risk rating for AGNICO EAGLE MINES is assessed as ‘medium’. This means that while there are some risks associated with investing in the company, it also has potential for long-term profitability. Additionally, the app has identified two risk warnings in the company’s income statement and balance sheet. However, without registering on the app, it is not possible to access this information. Overall, using the right tools and resources can help investors to make informed decisions and reduce the risk of investing in a company. By using the VI App, investors can quickly assess the fundamentals of AGNICO EAGLE MINES and make an informed decision about investing in the company. More…
VI Peers
The company has mines and projects in Canada, Finland, Mexico and the United States. Agnico Eagle is the world’s largest primary silver producer and also produces gold, zinc, lead and copper. The company’s shares are listed on the Toronto Stock Exchange and the New York Stock Exchange. Agnico Eagle’s main competitors in the gold mining industry are Kinross Gold Corp, Equinox Gold Corp and Angus Gold Inc. All three companies are based in Canada and have operations in North and South America. Kinross Gold is the second largest gold mining company in Canada and has mines and projects in the United States, Russia, Brazil, Chile, Ghana and Mauritania. Equinox Gold is a mid-tier gold producer with mines and projects in Brazil, Canada and the United States. Angus Gold is a gold exploration and development company with projects in Canada and Argentina.
– Kinross Gold Corp ($TSX:K)
Kinross Gold Corporation is a Canadian-based gold mining company with mines and projects in the United States, Brazil, Russia, Ghana, Mauritania and Chile. The Company’s primary business is gold mining. It also produces silver, copper and zinc. As of December 31, 2019, the Company had proven and probable gold reserves of approximately 38.9 million ounces and an aggregate land position of approximately 71,000 square kilometers.
– Equinox Gold Corp ($TSX:EQX)
Equinox Gold Corp is a Canadian gold producer with operations in Brazil, Canada, and Mexico. The company has a market capitalization of $1.41 billion as of 2022 and a return on equity of 1.24%. Equinox Gold is focused on producing gold from its flagship asset, the Aurizona Gold Mine in Brazil, and its new Santa Luz Mine in Mexico. The company also has several development projects in Brazil and Canada.
– Angus Gold Inc ($TSXV:GUS)
Angus Gold Inc is a gold mining company with a market cap of 31.14M as of 2022. The company has a Return on Equity of -129.48%. Angus Gold Inc operates in the gold mining industry. The company explores for, develops, and produces gold properties. Angus Gold Inc is headquartered in Reno, Nevada.
Summary
Investment analysis of Agnico Eagle Mines Limited recently experienced a shift in the stock price when Jean Robitaille reduced his stake in the company by 5,000 shares. Overall, media exposure of the company has been positive and this was reflected on the same day when the stock price rose. Agnico Eagle Mines Limited remains a strong investment opportunity and investors are encouraged to further evaluate the company’s performance to make an informed decision.
