We wouldn't blame Agnico Eagle Mines Limited (NYSE:AEM) shareholders if they were a little worried about the fact that Guy Gosselin, the Executive Vice President of Exploration recently netted about US$1.4m selling shares at an average price of US$136. That's a big disposal, and it decreased their holding size by 24%, which is notable but not too bad.
Agnico Eagle Mines Insider Transactions Over The Last Year
In the last twelve months, the biggest single sale by an insider was when the Chair of the Board of Directors, Sean Boyd, sold US$2.7m worth of shares at a price of US$85.60 per share. That means that even when the share price was below the current price of US$135, an insider wanted to cash in some shares. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. However, while insider selling is sometimes discouraging, it's only a weak signal. It is worth noting that this sale was only 24% of Sean Boyd's holding.
In the last year Agnico Eagle Mines insiders didn't buy any company stock. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
See our latest analysis for Agnico Eagle Mines
For those who like to find hidden gems this free list of small cap companies with recent insider purchasing, could be just the ticket.
Does Agnico Eagle Mines Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Agnico Eagle Mines insiders own about US$65m worth of shares. That equates to 0.1% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
What Might The Insider Transactions At Agnico Eagle Mines Tell Us?
Insiders sold Agnico Eagle Mines shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. But it is good to see that Agnico Eagle Mines is growing earnings. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We'd practice some caution before buying! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Agnico Eagle Mines. Case in point: We've spotted 2 warning signs for Agnico Eagle Mines you should be aware of, and 1 of them is a bit concerning.
But note: Agnico Eagle Mines may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.