Agnico Eagle Mines Ltd (NYSE:AEM) (TSE:AEM) – National Bank Financial boosted their Q3 2017 earnings per share (EPS) estimates for Agnico Eagle Mines in a report issued on Sunday. National Bank Financial analyst S. Parsons now expects that the mining company will post earnings per share of $0.12 for the quarter, up from their prior estimate of $0.06. National Bank Financial also issued estimates for Agnico Eagle Mines’ Q4 2017 earnings at $0.13 EPS, FY2017 earnings at $0.65 EPS and FY2020 earnings at $1.49 EPS.

Agnico Eagle Mines (NYSE:AEM) last posted its quarterly earnings results on Thursday, April 27th. The mining company reported $0.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.17. The company had revenue of $547.50 million for the quarter, compared to the consensus estimate of $528.14 million. Agnico Eagle Mines had a return on equity of 2.27% and a net margin of 3.80%. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.12 EPS.

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

AEM has been the topic of several other research reports. Zacks Investment Research upgraded shares of Agnico Eagle Mines from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 25th. Royal Bank of Canada boosted their target price on shares of Agnico Eagle Mines from $58.00 to $63.00 and gave the company a “sector perform” rating in a report on Thursday, May 11th. BMO Capital Markets set a $46.00 target price on shares of Agnico Eagle Mines and gave the company a “hold” rating in a report on Thursday, February 2nd. Barclays PLC dropped their target price on shares of Agnico Eagle Mines from $58.00 to $53.00 and set an “overweight” rating on the stock in a report on Monday, March 6th. Finally, Scotiabank restated an “outperform” rating and issued a $56.50 target price on shares of Agnico Eagle Mines in a report on Friday, April 28th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. Agnico Eagle Mines currently has a consensus rating of “Hold” and a consensus price target of $53.94.

Agnico Eagle Mines (NYSE:AEM) opened at 49.16 on Wednesday. The stock has a 50 day moving average price of $45.66 and a 200-day moving average price of $44.46. The firm has a market cap of $11.32 billion, a P/E ratio of 54.62 and a beta of -0.51. Agnico Eagle Mines has a 1-year low of $35.05 and a 1-year high of $60.10.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend is Tuesday, May 30th. Agnico Eagle Mines’s dividend payout ratio (DPR) is currently 88.89%.

Large investors have recently bought and sold shares of the stock. Financial Architects Inc increased its stake in Agnico Eagle Mines by 52.8% in the first quarter. Financial Architects Inc now owns 2,605 shares of the mining company’s stock valued at $111,000 after buying an additional 900 shares during the period. IFP Advisors Inc increased its stake in Agnico Eagle Mines by 9.8% in the first quarter. IFP Advisors Inc now owns 2,639 shares of the mining company’s stock valued at $112,000 after buying an additional 235 shares during the period. WFG Advisors LP increased its stake in Agnico Eagle Mines by 76.6% in the first quarter. WFG Advisors LP now owns 3,580 shares of the mining company’s stock valued at $152,000 after buying an additional 1,553 shares during the period. Wetherby Asset Management Inc. bought a new stake in Agnico Eagle Mines during the first quarter valued at $210,000. Finally, Boulegeris Investments Inc. bought a new stake in Agnico Eagle Mines during the first quarter valued at $217,000. 61.32% of the stock is owned by hedge funds and other institutional investors.

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.

5 Day Chart for NYSE:AEM

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