Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Investment analysts at National Bank Financial increased their FY2017 earnings per share estimates for Agnico Eagle Mines Limited in a report released on Sunday. National Bank Financial analyst S. Parsons now expects that the mining company will earn $0.81 per share for the year, up from their previous estimate of $0.65. National Bank Financial currently has a “Outperform” rating on the stock.

A number of other research firms also recently issued reports on AEM. Zacks Investment Research downgraded shares of Agnico Eagle Mines Limited from a “buy” rating to a “hold” rating in a report on Tuesday, May 16th. ValuEngine upgraded shares of Agnico Eagle Mines Limited from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Royal Bank Of Canada set a $54.00 target price on shares of Agnico Eagle Mines Limited and gave the company a “hold” rating in a report on Monday, June 12th. Raymond James Financial, Inc. restated an “outperform” rating and issued a $61.00 target price on shares of Agnico Eagle Mines Limited in a report on Thursday, June 15th. Finally, Credit Suisse Group set a $63.00 target price on shares of Agnico Eagle Mines Limited and gave the company a “buy” rating in a report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $52.94.

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Shares of Agnico Eagle Mines Limited (NYSE:AEM) traded up 0.87% during trading on Tuesday, hitting $46.32. 188,871 shares of the stock traded hands. The company’s 50 day moving average is $46.21 and its 200 day moving average is $45.87. The firm has a market cap of $10.66 billion, a PE ratio of 51.47 and a beta of -0.67. Agnico Eagle Mines Limited has a 52-week low of $35.05 and a 52-week high of $60.10.

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings data on Thursday, April 27th. The mining company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.11 by $0.17. Agnico Eagle Mines Limited had a net margin of 9.43% and a return on equity of 4.57%. The firm had revenue of $547.50 million for the quarter, compared to analyst estimates of $528.14 million. During the same period in the prior year, the business posted $0.12 EPS. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. First Manhattan Co. boosted its position in shares of Agnico Eagle Mines Limited by 56.3% in the first quarter. First Manhattan Co. now owns 23,805 shares of the mining company’s stock worth $1,289,000 after buying an additional 8,576 shares during the period. Engineers Gate Manager LP boosted its position in shares of Agnico Eagle Mines Limited by 12.1% in the first quarter. Engineers Gate Manager LP now owns 27,800 shares of the mining company’s stock worth $1,180,000 after buying an additional 3,011 shares during the period. Bank of Nova Scotia boosted its position in shares of Agnico Eagle Mines Limited by 23.7% in the first quarter. Bank of Nova Scotia now owns 604,615 shares of the mining company’s stock worth $25,653,000 after buying an additional 115,787 shares during the period. Violich Capital Management Inc. boosted its position in shares of Agnico Eagle Mines Limited by 4.3% in the first quarter. Violich Capital Management Inc. now owns 22,525 shares of the mining company’s stock worth $956,000 after buying an additional 925 shares during the period. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in shares of Agnico Eagle Mines Limited by 26.7% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 6,970 shares of the mining company’s stock worth $295,000 after buying an additional 1,470 shares during the period. 60.78% of the stock is currently owned by hedge funds and other institutional investors.

About Agnico Eagle Mines Limited

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.

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

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