Equities Analysts Issue Forecasts for Agnico Eagle Mines Ltd’s Q1 2017 Earnings (AEM)
Agnico Eagle Mines Ltd (TSE:AEM) (NYSE:AEM) – Investment analysts at Raymond James Financial cut their Q1 2017 earnings per share (EPS) estimates for shares of Agnico Eagle Mines in a report issued on Friday. Raymond James Financial analyst P. Russo now expects that the brokerage will post earnings of $0.55 per share for the quarter, down from their prior estimate of $0.62. Raymond James Financial currently has a “Outperform” rating on the stock. Raymond James Financial also issued estimates for Agnico Eagle Mines’ Q2 2017 earnings at $0.55 EPS, Q3 2017 earnings at $0.55 EPS and Q4 2017 earnings at $0.55 EPS.
AEM has been the topic of a number of other reports. Desjardins cut their target price on Agnico Eagle Mines to C$77.00 in a research report on Thursday, October 20th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Agnico Eagle Mines in a research report on Monday, September 19th. TD Securities reaffirmed a “hold” rating and set a C$61.00 target price on shares of Agnico Eagle Mines in a research report on Monday, October 31st. Finally, Canaccord Genuity cut their target price on Agnico Eagle Mines to C$81.00 in a research report on Monday, October 24th. Six investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Agnico Eagle Mines currently has a consensus rating of “Buy” and a consensus target price of C$63.25.
Agnico Eagle Mines (TSE:AEM) opened at 57.04 on Monday. The stock has a 50 day moving average price of $63.80 and a 200 day moving average price of $66.87. The firm has a market capitalization of $12.81 billion and a price-to-earnings ratio of 160.22. Agnico Eagle Mines has a 1-year low of $34.27 and a 1-year high of $78.35.
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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