Agnico Eagle Approved to Renew Normal Course Issuer Bid
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
Should l Buy AEM?
Agnico Eagle Mines announced that further to its news release dated April 30, it has received approval from the Toronto Stock Exchange of Agnico Eagle's notice of intention to renew its normal course issuer bid. Under the NCIB, Agnico Eagle may purchase for cancellation, on the open market at its discretion, during the period commencing on May 6 and ending on the earlier of May 5, 2027 and the completion of purchases under the NCIB, up to the lesser of: (i) 25,024,469 common shares of Agnico Eagle, which is 5% of the issued and outstanding Common Shares; and (ii) that number of Common Shares that can be purchased by Agnico Eagle under the NCIB for an aggregate purchase price, excluding commissions, of not more than $2B, subject to the normal terms and limitations of such bids.
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Analyst Views on AEM
Wall Street analysts forecast AEM stock price to rise
13 Analyst Rating
7 Buy
5 Hold
1 Sell
Moderate Buy
Current: 187.770
Low
1.60
Averages
231.12
High
337.00
Current: 187.770
Low
1.60
Averages
231.12
High
337.00
About AEM
Agnico Eagle Mines Limited is a Canada-based and led senior gold mining company. The Company has operating mines in Canada, Australia, Finland and Mexico. It has over 70% interest in Fingold Ventures Ltd. Its operations and development projects include LaRonde Complex, Canadian Malartic Complex, Goldex Complex, Detour Lake, Macassa, Meliadine, Meadowbank Complex, Fosterville, Pinos Altos, and Kittila. Its exploration projects include Hammond Reef, Hope Bay, Upper Beaver, San Nicolas, Wasamac. Its Canadian Malartic Complex is in northwestern Quebec which consist of the Canadian Malartic mines and the Odyssey mine. The Fosterville mine is a high-grade, low-cost underground gold mine, located approximately 20 kilometers (km) from the city of Bendigo. Its Kittila mine is located in the Lapland region of northern Finland, over 150 km north of the Arctic circle. Pinos Altos is located in the mountainous region of northern Mexico, 220 km of the city of Chihuahua.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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