National Bank Financial Brokers Boost Earnings Estimates for Agnico Eagle Mines Ltd (TSE:AEM)
Agnico Eagle Mines Ltd (TSE:AEM) (NYSE:AEM) – Equities research analysts at National Bank Financial raised their FY2017 earnings per share estimates for Agnico Eagle Mines in a report issued on Sunday. National Bank Financial analyst S. Parsons now expects that the company will post earnings per share of $1.01 for the year, up from their previous estimate of $0.89. National Bank Financial currently has a “Outperform Market Weight” rating on the stock.
Other equities research analysts also recently issued reports about the company. BMO Capital Markets reissued a “market perform” rating and set a C$46.00 target price on shares of Agnico Eagle Mines in a research report on Tuesday, March 28th. Royal Bank Of Canada lifted their target price on Agnico Eagle Mines to C$70.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 11th. TD Securities reissued a “hold” rating and set a C$65.00 target price on shares of Agnico Eagle Mines in a research report on Friday, April 28th. Finally, Scotiabank reissued an “outperform” rating and set a C$77.00 target price on shares of Agnico Eagle Mines in a research report on Friday, April 28th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of C$66.50.
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Agnico Eagle Mines (TSE:AEM) opened at 57.79 on Tuesday. The firm has a market cap of $13.30 billion and a PE ratio of 64.21. The company has a 50 day moving average price of $60.30 and a 200 day moving average price of $60.88. Agnico Eagle Mines has a 1-year low of $46.91 and a 1-year high of $78.35.
In other Agnico Eagle Mines news, insider Don Allan sold 35,000 shares of the firm’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of C$64.05, for a total transaction of C$2,241,750.00. Also, insider Yvon Sylvestre sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of C$68.33, for a total transaction of C$341,650.00. In the last 90 days, insiders have sold 104,750 shares of company stock valued at $6,816,930.
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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