Agnico Eagle Mines Ltd Expected to Earn Q3 2016 Earnings of $0.20 Per Share (AEM)
Agnico Eagle Mines Ltd (TSE:AEM) – National Bank Financial decreased their Q3 2016 earnings per share (EPS) estimates for shares of Agnico Eagle Mines in a report released on Wednesday. National Bank Financial analyst S. Parsons now anticipates that the brokerage will post earnings per share of $0.20 for the quarter, down from their previous forecast of $0.26.
AEM has been the topic of several other reports. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Agnico Eagle Mines in a report on Monday, September 19th. TD Securities raised their target price on Agnico Eagle Mines from C$56.00 to C$61.00 and gave the company a “hold” rating in a report on Thursday, August 11th. Dundee Securities downgraded Agnico Eagle Mines from a “buy” rating to a “neutral” rating in a report on Thursday, July 14th. Finally, Desjardins upgraded Agnico Eagle Mines from a “hold” rating to a “buy” rating in a report on Wednesday, July 13th. Six research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of C$58.86.
Agnico Eagle Mines (TSE:AEM) opened at 60.01 on Friday. Agnico Eagle Mines has a 12-month low of $33.00 and a 12-month high of $78.35. The company’s 50 day moving average price is $67.62 and its 200-day moving average price is $64.51. The stock has a market cap of $13.41 billion and a price-to-earnings ratio of 413.86.
Agnico Eagle Mines Company Profile
Agnico Eagle Mines Limited is a gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States. The Company operates through three business units. The Northern Business consists of its operations in Canada and Finland.
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