Agnico Eagle Mines Ltd (TSE:AEM) (NYSE:AEM) – Equities researchers at Desjardins lowered their FY2017 earnings per share estimates for Agnico Eagle Mines in a research report issued on Friday, Zacks Investment Research reports. Desjardins analyst J. Wolfson now anticipates that the company will earn $1.35 per share for the year, down from their previous forecast of $1.36. Desjardins has a “Buy” rating and a $60.00 price objective on the stock. Desjardins also issued estimates for Agnico Eagle Mines’ Q4 2017 earnings at $0.35 EPS, Q1 2018 earnings at $0.21 EPS, Q2 2018 earnings at $0.26 EPS, Q4 2018 earnings at $0.31 EPS, FY2018 earnings at $1.03 EPS, Q1 2019 earnings at $0.29 EPS, Q2 2019 earnings at $0.29 EPS, Q3 2019 earnings at $0.30 EPS, Q4 2019 earnings at $0.50 EPS and FY2019 earnings at $1.38 EPS.
Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last posted its quarterly earnings results on Wednesday, October 25th. The company reported C$0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.22 by C$0.13. Agnico Eagle Mines had a return on equity of 5.83% and a net margin of 12.23%.
Several other research analysts have also weighed in on AEM. Canaccord Genuity boosted their price target on Agnico Eagle Mines from C$77.00 to C$81.00 in a research report on Friday. Eight Capital reaffirmed a “neutral” rating on shares of Agnico Eagle Mines in a research report on Thursday, November 16th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Agnico Eagle Mines has a consensus rating of “Buy” and a consensus target price of C$66.71.
Agnico Eagle Mines (AEM) opened at C$57.84 on Monday. The firm has a market capitalization of $13,440.00, a P/E ratio of 39.89 and a beta of -1.15. Agnico Eagle Mines has a 1 year low of C$52.36 and a 1 year high of C$68.76.
In other Agnico Eagle Mines news, insider Ammar Al-Joundi bought 2,000 shares of Agnico Eagle Mines stock in a transaction dated Friday, January 12th. The stock was bought at an average cost of C$58.09 per share, for a total transaction of C$116,180.00. Also, insider Marc Legault sold 20,000 shares of Agnico Eagle Mines stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of C$55.35, for a total value of C$1,107,000.00. Insiders have sold a total of 41,000 shares of company stock valued at $2,295,090 over the last quarter.
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Agnico Eagle Mines Company Profile
Agnico Eagle Mines Ltd is a Canada-based gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut, as well as exploration activities in Canada, Europe, Latin America and the United States. It operates through the business units: Northern Business, which consists of its operations in Canada and Finland, such as the LaRonde mine, the Lapa mine, the Goldex mine, the Meadowbank mine, the Meliadine project and the Malartic Mine in Canada, as well as the Kittila mine in Finland; Southern Business, which consists of its operations in Mexico, such as the Pinos Altos mine that includes the Creston Mascota deposit and the La India mine owned by its indirect subsidiary, as well as Exploration Group, which focuses on the identification of new mineral reserves and mineral resources, and new development opportunities in gold producing regions.
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