Agnico Eagle Mines Ltd (TSE:AEM) (NYSE:AEM) – Cormark upped their FY2017 earnings per share (EPS) estimates for shares of Agnico Eagle Mines in a research report issued to clients and investors on Thursday. Cormark analyst R. Gray now anticipates that the company will post earnings of $1.19 per share for the year, up from their previous forecast of $0.84. Cormark also issued estimates for Agnico Eagle Mines’ FY2018 earnings at $0.88 EPS.

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Several other research analysts also recently issued reports on the stock. Canaccord Genuity upped their target price on shares of Agnico Eagle Mines from C$77.00 to C$78.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Royal Bank Of Canada restated a “sector perform” rating on shares of Agnico Eagle Mines in a research report on Monday, September 11th. TD Securities increased their price objective on shares of Agnico Eagle Mines to C$65.00 and gave the company a “hold” rating in a research report on Thursday, August 3rd. Finally, National Bank Financial upgraded shares of Agnico Eagle Mines from a “sector perform” rating to an “outperform” rating in a research report on Sunday, July 23rd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of C$66.75.

Shares of Agnico Eagle Mines (TSE:AEM) opened at 57.98 on Monday. The stock’s 50 day moving average is $57.48 and its 200 day moving average is $60.34. The stock has a market cap of $13.41 billion and a price-to-earnings ratio of 53.29. Agnico Eagle Mines has a 52 week low of $46.91 and a 52 week high of $71.15.

In other Agnico Eagle Mines news, Director Deborah Mccombe purchased 500 shares of the firm’s stock in a transaction on Tuesday, September 19th. The shares were acquired at an average cost of C$58.24 per share, for a total transaction of C$29,120.00. Also, insider Yvon Sylvestre sold 610 shares of the stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of C$63.50, for a total transaction of C$38,735.00.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.137 per share. This is an increase from Agnico Eagle Mines’s previous quarterly dividend of $0.10. The ex-dividend date is Thursday, November 30th. This represents a $0.55 dividend on an annualized basis and a yield of 0.95%.

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.

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

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