FY2017 EPS Estimates for Agnico Eagle Mines Limited Cut by Analyst (AEM)
Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Desjardins lowered their FY2017 earnings per share (EPS) estimates for shares of Agnico Eagle Mines in a research report issued on Friday. Desjardins analyst J. Wolfson now anticipates that the company will post earnings per share of $1.35 for the year, down from their previous forecast of $1.36. Desjardins has a “Buy” rating and a $60.00 price target on the stock. Desjardins also issued estimates for Agnico Eagle Mines’ Q4 2017 earnings at $0.35 EPS, Q1 2018 earnings at $0.21 EPS, Q2 2018 earnings at $0.26 EPS, Q4 2018 earnings at $0.31 EPS, FY2018 earnings at $1.03 EPS, Q1 2019 earnings at $0.29 EPS, Q2 2019 earnings at $0.29 EPS, Q3 2019 earnings at $0.30 EPS, Q4 2019 earnings at $0.50 EPS and FY2019 earnings at $1.38 EPS.
A number of other brokerages have also issued reports on AEM. Eight Capital reaffirmed a “neutral” rating on shares of Agnico Eagle Mines in a research report on Thursday, November 16th. Canaccord Genuity lifted their target price on Agnico Eagle Mines from C$73.00 to C$76.00 in a research report on Friday, September 29th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Agnico Eagle Mines has an average rating of “Buy” and a consensus price target of C$66.29.
In related news, insider Marc Legault sold 20,000 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of C$55.35, for a total value of C$1,107,000.00.
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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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