FY2016 Earnings Forecast for Agnico Eagle Mines Ltd (AEM) Issued By National Bank Financial
Agnico Eagle Mines Ltd (TSE:AEM) – Research analysts at National Bank Financial dropped their FY2016 earnings per share (EPS) estimates for shares of Agnico Eagle Mines in a research note issued to investors on Wednesday. National Bank Financial analyst S. Parsons now expects that the firm will post earnings per share of $0.64 for the year, down from their prior forecast of $0.90. National Bank Financial also issued estimates for Agnico Eagle Mines’ FY2017 earnings at $1.62 EPS.
Several other equities research analysts also recently weighed in on AEM. Dundee Securities downgraded Agnico Eagle Mines from a “buy” rating to a “neutral” rating in a report on Thursday, July 14th. TD Securities reaffirmed a “hold” rating and set a C$56.00 price target on shares of Agnico Eagle Mines in a report on Friday, July 22nd. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Agnico Eagle Mines in a report on Monday, September 19th. Finally, Desjardins raised Agnico Eagle Mines from a “hold” rating to a “buy” rating in a report on Wednesday, July 13th. Six investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of C$58.86.
Agnico Eagle Mines (TSE:AEM) opened at 62.89 on Monday. Agnico Eagle Mines has a 12 month low of $33.00 and a 12 month high of $78.35. The firm has a market cap of $14.05 billion and a PE ratio of 433.72. The stock’s 50 day moving average is $67.21 and its 200 day moving average is $64.96.
About Agnico Eagle Mines
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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