Those following along with Agnico Eagle Mines Limited (NYSE:AEM) will no doubt be intrigued by the recent purchase of shares by Sean Boyd, Executive Chairman of the company, who spent a stonking US$1.0m on stock at an average price of US$52.42. Not only is that a big swing, but it increased their holding size by 12%, which is definitely great to see.
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The Last 12 Months Of Insider Transactions At Agnico Eagle Mines
In fact, the recent purchase by Sean Boyd was the biggest purchase of Agnico Eagle Mines shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at above the current price of US$52.63. Their view may have changed since then, but at least it shows they felt optimistic at the time. In our view, the price an insider pays for shares is very important. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.
In the last twelve months insiders purchased 32.06k shares for US$1.7m. On the other hand they divested 2.39k shares, for US$167k. In the last twelve months there was more buying than selling by Agnico Eagle Mines insiders. 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!