Agnico Eagle Mines Limited to Post Q4 2018 Earnings of $0.32 Per Share, Desjardins Forecasts (AEM)
Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Analysts at Desjardins issued their Q4 2018 earnings per share (EPS) estimates for shares of Agnico Eagle Mines in a report issued on Monday. Desjardins analyst J. Wolfson anticipates that the company will earn $0.32 per share for the quarter. Desjardins currently has a “Buy” rating and a $60.00 target price on the stock.
Several other research firms have also recently weighed in on AEM. Royal Bank of Canada reissued a “sector perform” rating on shares of Agnico Eagle Mines in a report on Monday, September 11th. Eight Capital reissued a “neutral” rating on shares of Agnico Eagle Mines in a report on Thursday, November 16th. Finally, Canaccord Genuity increased their price target on Agnico Eagle Mines from C$73.00 to C$76.00 in a report on Friday, September 29th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of C$65.25.
In related news, Director Deborah Mccombe bought 500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The shares were bought at an average cost of C$58.24 per share, with a total value of C$29,120.00.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.137 dividend. This is a boost from Agnico Eagle Mines’s previous quarterly dividend of $0.10. This represents a $0.55 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Thursday, November 30th. Agnico Eagle Mines’s dividend payout ratio (DPR) is currently 26.67%.
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Agnico Eagle Mines Company Profile
Agnico Eagle Mines Ltd is a Canada-based gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut, as well as exploration activities in Canada, Europe, Latin America and the United States. It operates through the business units: Northern Business, which consists of its operations in Canada and Finland, such as the LaRonde mine, the Lapa mine, the Goldex mine, the Meadowbank mine, the Meliadine project and the Malartic Mine in Canada, as well as the Kittila mine in Finland; Southern Business, which consists of its operations in Mexico, such as the Pinos Altos mine that includes the Creston Mascota deposit and the La India mine owned by its indirect subsidiary, as well as Exploration Group, which focuses on the identification of new mineral reserves and mineral resources, and new development opportunities in gold producing regions.
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