Agnico Eagle Mines Ltd (TSE:AEM) – Research analysts at National Bank Financial cut their Q3 2016 earnings estimates for shares of Agnico Eagle Mines in a note issued to investors on Wednesday. National Bank Financial analyst S. Parsons now anticipates that the firm will post earnings of $0.20 per share for the quarter, down from their previous estimate of $0.26.

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

A number of other brokerages have also weighed in on AEM. Dundee Securities lowered Agnico Eagle Mines from a “buy” rating to a “neutral” rating in a research note on Thursday, July 14th. TD Securities increased their price objective on Agnico Eagle Mines from C$56.00 to C$61.00 and gave the company a “hold” rating in a research report on Thursday, August 11th. Desjardins upgraded Agnico Eagle Mines from a “hold” rating to a “buy” rating in a research report on Wednesday, July 13th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Agnico Eagle Mines in a research report on Monday, September 19th. Six equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of C$58.86.

Shares of Agnico Eagle Mines (TSE:AEM) opened at 60.01 on Friday. The company has a market cap of $13.41 billion and a PE ratio of 413.86. Agnico Eagle Mines has a 1-year low of $33.00 and a 1-year high of $78.35. The company has a 50-day moving average price of $67.62 and a 200-day moving average price of $64.51.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 15th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.67%. This is an increase from Agnico Eagle Mines’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Tuesday, August 30th.

Agnico Eagle Mines Company Profile

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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