Agnico Eagle Mines Ltd (AEM) Expected to Earn Q1 2019 Earnings of $0.03 Per Share
Agnico Eagle Mines Ltd (TSE:AEM) (NYSE:AEM) – Equities researchers at Desjardins dropped their Q1 2019 earnings estimates for Agnico Eagle Mines in a note issued to investors on Friday, April 12th. Desjardins analyst J. Wolfson now anticipates that the company will earn $0.03 per share for the quarter, down from their previous estimate of $0.04. Desjardins currently has a “Hold” rating and a $61.00 target price on the stock. Desjardins also issued estimates for Agnico Eagle Mines’ Q1 2020 earnings at $0.27 EPS, Q2 2020 earnings at $0.29 EPS, Q3 2020 earnings at $0.27 EPS and Q4 2020 earnings at $0.25 EPS.
Separately, National Bank Financial lifted their price target on shares of Agnico Eagle Mines from C$66.00 to C$67.00 in a research note on Thursday, March 21st.
Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last posted its earnings results on Thursday, February 14th. The company reported C$0.19 earnings per share for the quarter, beating the consensus estimate of C$0.04 by C$0.15. The firm had revenue of C$710.88 million for the quarter, compared to analysts’ expectations of C$675.45 million.
In related news, Senior Officer Louise Grondin sold 10,000 shares of the business’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of C$59.60, for a total value of C$596,000.00. Following the sale, the insider now directly owns 48,458 shares in the company, valued at approximately C$2,888,096.80. Also, Director Robert Gemmell sold 1,792 shares of the business’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of C$58.16, for a total transaction of C$104,222.72. Following the sale, the director now owns 3,000 shares in the company, valued at C$174,480. In the last quarter, insiders have sold 48,559 shares of company stock worth $2,859,223.
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.
Read More: How a Put Option Works
Receive News & Ratings for Agnico Eagle Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agnico Eagle Mines and related companies with MarketBeat.com's FREE daily email newsletter.