Agnico Eagle Mines Ltd (AEM) Forecasted to Earn FY2017 Earnings of $1.30 Per Share

Agnico Eagle Mines Ltd (TSE:AEM) (NYSE:AEM) – Analysts at Desjardins decreased their FY2017 earnings per share estimates for shares of Agnico Eagle Mines in a report issued on Tuesday. Desjardins analyst J. Wolfson now expects that the company will post earnings of $1.30 per share for the year, down from their prior forecast of $1.32. Desjardins has a “Buy” rating and a $60.00 price objective on the stock. Desjardins also issued estimates for Agnico Eagle Mines’ Q4 2017 earnings at $0.30 EPS.

Several other research firms also recently weighed in on AEM. National Bank Financial cut their target price on Agnico Eagle Mines from C$77.00 to C$70.00 in a research report on Friday, January 26th. Canaccord Genuity boosted their target price on Agnico Eagle Mines from C$77.00 to C$81.00 in a research report on Friday, January 19th. Finally, Eight Capital reissued a “neutral” rating on shares of Agnico Eagle Mines in a research report on Thursday, November 16th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of C$67.00.

Agnico Eagle Mines (TSE:AEM) opened at C$55.32 on Wednesday. The firm has a market capitalization of $12,910.00, a P/E ratio of 37.39 and a beta of -1.03. Agnico Eagle Mines has a 12-month low of C$52.36 and a 12-month high of C$68.76.

In related news, Director Sean Riley sold 1,000 shares of the business’s stock in a transaction on Friday, January 12th. The stock was sold at an average price of C$58.49, for a total transaction of C$58,490.00. Also, insider Jean Robitaille sold 20,000 shares of the business’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of C$56.48, for a total value of C$1,129,600.00. In the last 90 days, insiders have sold 41,000 shares of company stock valued at $2,295,090.

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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.

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

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