Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Research analysts at Cormark raised their Q3 2017 earnings estimates for shares of Agnico Eagle Mines Limited in a note issued to investors on Monday. Cormark analyst R. Gray now anticipates that the mining company will earn $0.13 per share for the quarter, up from their prior estimate of $0.07.

A number of other research analysts also recently commented on AEM. TD Securities boosted their price objective on shares of Agnico Eagle Mines Limited from $48.00 to $52.00 and gave the company a “hold” rating in a research report on Thursday, August 3rd. BMO Capital Markets reaffirmed a “hold” rating and set a $47.00 price objective on shares of Agnico Eagle Mines Limited in a research report on Monday, October 2nd. Zacks Investment Research downgraded shares of Agnico Eagle Mines Limited from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 24th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $54.00 price objective on shares of Agnico Eagle Mines Limited in a research report on Thursday, August 24th. Finally, National Bank Financial reaffirmed an “outperform market weight” rating on shares of Agnico Eagle Mines Limited in a research report on Friday, September 8th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $54.44.

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Agnico Eagle Mines Limited (NYSE AEM) opened at 44.82 on Tuesday. Agnico Eagle Mines Limited has a one year low of $35.05 and a one year high of $53.17. The firm has a market cap of $10.08 billion, a price-to-earnings ratio of 64.03 and a beta of -0.76. The firm has a 50 day moving average of $47.43 and a 200-day moving average of $46.76.

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings results on Wednesday, July 26th. The mining company reported $0.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.10. The company had revenue of $549.88 million for the quarter, compared to analyst estimates of $529.43 million. Agnico Eagle Mines Limited had a net margin of 11.32% and a return on equity of 5.38%. Agnico Eagle Mines Limited’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter last year, the business earned $0.16 EPS.

A number of hedge funds have recently bought and sold shares of the business. Capstone Asset Management Co. grew its position in Agnico Eagle Mines Limited by 0.3% in the second quarter. Capstone Asset Management Co. now owns 34,381 shares of the mining company’s stock worth $1,551,000 after acquiring an additional 110 shares in the last quarter. Colony Group LLC grew its position in Agnico Eagle Mines Limited by 2.4% in the first quarter. Colony Group LLC now owns 7,365 shares of the mining company’s stock worth $313,000 after acquiring an additional 175 shares in the last quarter. Wetherby Asset Management Inc. grew its position in Agnico Eagle Mines Limited by 3.5% in the second quarter. Wetherby Asset Management Inc. now owns 5,110 shares of the mining company’s stock worth $230,000 after acquiring an additional 175 shares in the last quarter. WFG Advisors LP grew its position in Agnico Eagle Mines Limited by 8.6% in the second quarter. WFG Advisors LP now owns 3,889 shares of the mining company’s stock worth $175,000 after acquiring an additional 309 shares in the last quarter. Finally, Korea Investment CORP grew its position in Agnico Eagle Mines Limited by 3.1% in the second quarter. Korea Investment CORP now owns 14,258 shares of the mining company’s stock worth $642,000 after acquiring an additional 428 shares in the last quarter. 59.00% of the stock is owned by institutional investors.

About Agnico Eagle Mines Limited

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.

Earnings History and Estimates for Agnico Eagle Mines Limited (NYSE:AEM)

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