Agnico Eagle Mines Ltd (TSE:AEM) – National Bank Financial dropped their FY2016 earnings per share (EPS) estimates for Agnico Eagle Mines in a note issued to investors on Wednesday. National Bank Financial analyst S. Parsons now forecasts that the firm will post earnings per share of $0.64 for the year, down from their previous forecast of $0.90. National Bank Financial also issued estimates for Agnico Eagle Mines’ FY2017 earnings at $1.62 EPS.
AEM has been the topic of several other reports. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Agnico Eagle Mines in a report on Monday, September 19th. Desjardins raised shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating in a report on Wednesday, July 13th. TD Securities reissued a “hold” rating and set a C$56.00 price objective on shares of Agnico Eagle Mines in a report on Friday, July 22nd. Finally, Dundee Securities lowered shares of Agnico Eagle Mines from a “buy” rating to a “neutral” rating in a report on Thursday, July 14th. Six equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Agnico Eagle Mines presently has an average rating of “Buy” and an average price target of C$58.86.
Shares of Agnico Eagle Mines (TSE:AEM) opened at 60.01 on Monday. The firm’s 50-day moving average price is $67.62 and its 200-day moving average price is $64.51. The company has a market capitalization of $13.41 billion and a PE ratio of 413.86. Agnico Eagle Mines has a 12-month low of $33.00 and a 12-month high of $78.35.
About Agnico Eagle Mines
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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