Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Analysts at National Bank Financial increased their Q2 2017 earnings per share estimates for Agnico Eagle Mines Limited in a research report issued on Sunday. National Bank Financial analyst S. Parsons now forecasts that the mining company will post earnings per share of $0.21 for the quarter, up from their prior forecast of $0.11. National Bank Financial currently has a “Outperform” rating on the stock. National Bank Financial also issued estimates for Agnico Eagle Mines Limited’s FY2018 earnings at $0.78 EPS, FY2019 earnings at $0.69 EPS and FY2020 earnings at $1.10 EPS.

Agnico Eagle Mines Limited (NYSE:AEM) (TSE: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 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 business had revenue of $547.50 million during the quarter, compared to analysts’ expectations of $528.14 million. During the same quarter in the prior year, the company posted $0.12 EPS. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. COPYRIGHT VIOLATION NOTICE: “Equities Analysts Issue Forecasts for Agnico Eagle Mines Limited’s Q2 2017 Earnings (NYSE:AEM)” was first published by American Banking News and is the property of of American Banking News. If you are accessing this story on another site, it was stolen and reposted in violation of US & international trademark and copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/07/26/equities-analysts-issue-forecasts-for-agnico-eagle-mines-limiteds-q2-2017-earnings-nyseaem.html.

A number of other brokerages also recently commented on AEM. Royal Bank Of Canada lifted their price target on shares of Agnico Eagle Mines Limited from $58.00 to $63.00 and gave the stock a “sector perform” rating in a report on Thursday, May 11th. Credit Suisse Group set a $63.00 price target on shares of Agnico Eagle Mines Limited and gave the stock a “buy” rating in a report on Tuesday, July 18th. TD Securities reiterated a “hold” rating and set a $48.00 price target on shares of Agnico Eagle Mines Limited in a report on Friday, April 28th. ValuEngine upgraded shares of Agnico Eagle Mines Limited from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research upgraded shares of Agnico Eagle Mines Limited from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 25th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $52.94.

Shares of Agnico Eagle Mines Limited (NYSE:AEM) opened at 45.43 on Wednesday. Agnico Eagle Mines Limited has a 1-year low of $35.05 and a 1-year high of $60.10. The stock has a 50 day moving average of $46.21 and a 200 day moving average of $45.87. The stock has a market cap of $10.46 billion, a PE ratio of 50.48 and a beta of -0.67.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Barometer Capital Management Inc. bought a new stake in Agnico Eagle Mines Limited during the second quarter valued at about $374,000. APG Asset Management N.V. boosted its stake in Agnico Eagle Mines Limited by 0.5% in the second quarter. APG Asset Management N.V. now owns 2,544,012 shares of the mining company’s stock valued at $148,774,000 after buying an additional 11,959 shares in the last quarter. US Bancorp DE boosted its stake in Agnico Eagle Mines Limited by 76.7% in the second quarter. US Bancorp DE now owns 6,975 shares of the mining company’s stock valued at $315,000 after buying an additional 3,027 shares in the last quarter. Aperio Group LLC boosted its stake in Agnico Eagle Mines Limited by 0.4% in the second quarter. Aperio Group LLC now owns 247,163 shares of the mining company’s stock valued at $11,152,000 after buying an additional 930 shares in the last quarter. Finally, Fruth Investment Management bought a new stake in Agnico Eagle Mines Limited during the second quarter valued at about $212,000. 60.78% of the stock is currently owned by institutional investors and hedge funds.

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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