FY2016 Earnings Forecast for Agnico Eagle Mines Ltd (AEM) Issued By National Bank Financial
Agnico Eagle Mines Ltd (TSE:AEM) – Equities researchers at National Bank Financial lowered their FY2016 earnings per share (EPS) estimates for Agnico Eagle Mines in a research report issued on Wednesday. National Bank Financial analyst S. Parsons now anticipates that the brokerage will post earnings per share of $0.64 for the year, down from their prior forecast of $0.90. National Bank Financial also issued estimates for Agnico Eagle Mines’ FY2017 earnings at $1.62 EPS.
Several other brokerages have also recently issued reports on AEM. TD Securities lifted their target price on shares of Agnico Eagle Mines from C$56.00 to C$61.00 and gave the stock a “hold” rating in a research note on Thursday, August 11th. Desjardins raised shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating in a research note on Wednesday, July 13th. Dundee Securities cut shares of Agnico Eagle Mines from a “buy” rating to a “neutral” rating in a research note on Thursday, July 14th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Agnico Eagle Mines in a research note on Monday, September 19th. Six analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of C$58.86.
Agnico Eagle Mines (TSE:AEM) opened at 62.89 on Monday. The stock has a market cap of $14.05 billion and a P/E ratio of 433.72. The firm’s 50-day moving average is $67.21 and its 200-day moving average is $64.96. Agnico Eagle Mines has a 52-week low of $33.00 and a 52-week high of $78.35.
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.
Receive News & Ratings for Agnico Eagle Mines Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agnico Eagle Mines Ltd and related companies with MarketBeat.com's FREE daily email newsletter.