Agnico Eagle Mines Ltd (NYSE:AEM) (TSE:AEM) – Cormark reduced their FY2018 earnings per share (EPS) estimates for Agnico Eagle Mines in a report released on Monday, September 10th. Cormark analyst R. Gray now anticipates that the mining company will post earnings of $0.21 per share for the year, down from their previous forecast of $0.29. Cormark also issued estimates for Agnico Eagle Mines’ Q1 2019 earnings at $0.05 EPS, Q2 2019 earnings at $0.04 EPS, Q3 2019 earnings at $0.10 EPS and Q4 2019 earnings at $0.08 EPS.

A number of other research analysts have also issued reports on the stock. Credit Suisse Group restated an “outperform” rating on shares of Agnico Eagle Mines in a research report on Monday. TheStreet downgraded shares of Agnico Eagle Mines from a “b-” rating to a “c+” rating in a report on Wednesday, September 5th. ValuEngine downgraded shares of Agnico Eagle Mines from a “hold” rating to a “sell” rating in a report on Tuesday, September 4th. Citigroup cut their price target on shares of Agnico Eagle Mines from $45.00 to $38.00 and set a “neutral” rating for the company in a report on Wednesday, August 29th. Finally, National Bank Financial raised shares of Agnico Eagle Mines from a “sector perform” rating to an “outperform” rating in a report on Thursday, August 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the stock. Agnico Eagle Mines currently has an average rating of “Buy” and an average target price of $57.40.

Shares of NYSE:AEM opened at $34.10 on Tuesday. Agnico Eagle Mines has a 12-month low of $32.18 and a 12-month high of $49.80. The company has a market cap of $7.77 billion, a price-to-earnings ratio of 30.72 and a beta of -0.58. The company has a current ratio of 4.02, a quick ratio of 2.83 and a debt-to-equity ratio of 0.35.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its earnings results on Wednesday, July 25th. The mining company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.07). Agnico Eagle Mines had a return on equity of 3.07% and a net margin of 6.84%. The business had revenue of $556.28 million for the quarter, compared to analyst estimates of $536.81 million. During the same quarter in the previous year, the company earned $0.24 EPS. The business’s revenue for the quarter was up 1.2% on a year-over-year basis.

Several institutional investors have recently modified their holdings of the company. Van ECK Associates Corp lifted its holdings in shares of Agnico Eagle Mines by 22.1% during the 1st quarter. Van ECK Associates Corp now owns 14,529,969 shares of the mining company’s stock worth $611,276,000 after acquiring an additional 2,633,971 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in Agnico Eagle Mines by 1.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,895,937 shares of the mining company’s stock valued at $86,891,000 after purchasing an additional 20,623 shares during the last quarter. CIBC Asset Management Inc lifted its stake in Agnico Eagle Mines by 19.2% in the 2nd quarter. CIBC Asset Management Inc now owns 1,843,348 shares of the mining company’s stock valued at $84,524,000 after purchasing an additional 296,758 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Agnico Eagle Mines by 13.6% in the 2nd quarter. Renaissance Technologies LLC now owns 1,755,600 shares of the mining company’s stock valued at $80,459,000 after purchasing an additional 209,800 shares during the last quarter. Finally, Toronto Dominion Bank lifted its stake in Agnico Eagle Mines by 144.3% in the 2nd quarter. Toronto Dominion Bank now owns 1,641,990 shares of the mining company’s stock valued at $75,883,000 after purchasing an additional 969,997 shares during the last quarter. 60.09% of the stock is owned by institutional investors.

About Agnico Eagle Mines

Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. The company operates through Northern Business and Southern Business segments. It primarily produces and sells gold deposit, as well as explores for silver, zinc, and copper deposits.

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

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