FY2017 EPS Estimates for Agnico Eagle Mines Limited Cut by Analyst (AEM)
Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Research analysts at Desjardins dropped their FY2017 earnings per share (EPS) estimates for Agnico Eagle Mines in a report issued on Friday. Desjardins analyst J. Wolfson now anticipates that the company will post earnings of $1.35 per share for the year, down from their prior 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.
Other equities analysts also recently issued reports about the company. Eight Capital reaffirmed a “neutral” rating on shares of Agnico Eagle Mines in a research note on Thursday, November 16th. Canaccord Genuity raised their price objective on Agnico Eagle Mines from C$77.00 to C$78.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. Agnico Eagle Mines presently has an average rating of “Buy” and an average target price of C$66.29.
Agnico Eagle Mines (TSE AEM) opened at C$58.88 on Monday. Agnico Eagle Mines has a one year low of C$52.36 and a one year high of C$68.76. The firm has a market capitalization of $13,680.00, a P/E ratio of 40.33 and a beta of -1.15.
In other Agnico Eagle Mines news, insider Jean Robitaille sold 20,000 shares of the firm’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of C$56.48, for a total transaction of C$1,129,600.00.
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About Agnico Eagle Mines
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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