Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Research analysts at Cormark increased their FY2017 earnings per share estimates for shares of Agnico Eagle Mines Limited in a research note issued on Thursday. Cormark analyst R. Gray now expects that the mining company will post earnings per share of $0.93 for the year, up from their prior estimate of $0.67. Cormark also issued estimates for Agnico Eagle Mines Limited’s FY2018 earnings at $0.69 EPS.

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A number of other brokerages have also weighed in on AEM. TD Securities increased their target price on Agnico Eagle Mines Limited from $48.00 to $52.00 and gave the stock a “hold” rating in a research note on Thursday, August 3rd. Zacks Investment Research lowered Agnico Eagle Mines Limited from a “buy” rating to a “hold” rating in a research note on Friday, October 6th. Royal Bank Of Canada reiterated a “hold” rating and set a $54.00 target price on shares of Agnico Eagle Mines Limited in a research note on Tuesday, July 18th. BMO Capital Markets reiterated a “hold” rating and set a $47.00 target price on shares of Agnico Eagle Mines Limited in a research note on Monday, October 2nd. Finally, Credit Suisse Group set a $63.00 target price on Agnico Eagle Mines Limited and gave the stock a “buy” rating in a research note on Tuesday, July 18th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $54.44.

Shares of Agnico Eagle Mines Limited (AEM) opened at 45.42 on Monday. The firm has a market cap of $10.50 billion, a price-to-earnings ratio of 41.75 and a beta of -0.76. Agnico Eagle Mines Limited has a one year low of $35.05 and a one year high of $53.17. The stock’s 50 day moving average price is $46.30 and its 200 day moving average price is $46.75.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.44 dividend on an annualized basis and a yield of 0.97%. This is an increase from Agnico Eagle Mines Limited’s previous quarterly dividend of $0.10. Agnico Eagle Mines Limited’s dividend payout ratio is currently 34.19%.

A number of large investors have recently modified their holdings of the stock. Crossmark Global Holdings Inc. acquired a new stake in Agnico Eagle Mines Limited during the third quarter worth approximately $1,865,000. Stack Financial Management Inc acquired a new stake in Agnico Eagle Mines Limited during the third quarter worth approximately $14,736,000. Bennicas & Associates Inc. acquired a new stake in Agnico Eagle Mines Limited during the third quarter worth approximately $974,000. Highstreet Asset Management Inc. grew its position in Agnico Eagle Mines Limited by 45.0% during the third quarter. Highstreet Asset Management Inc. now owns 82,941 shares of the mining company’s stock worth $3,748,000 after buying an additional 25,729 shares in the last quarter. Finally, Korea Investment CORP grew its position in Agnico Eagle Mines Limited by 8.5% during the third quarter. Korea Investment CORP now owns 15,472 shares of the mining company’s stock worth $698,000 after buying an additional 1,214 shares in the last quarter. 58.82% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Limited 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.

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

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