Desjardins Comments on Agnico Eagle Mines Ltd’s FY2017 Earnings (AEM)

Agnico Eagle Mines Ltd (NYSE:AEM) (TSE:AEM) – Stock analysts at Desjardins lowered their FY2017 earnings per share (EPS) estimates for shares of Agnico Eagle Mines in a research note issued to investors on Tuesday. Desjardins analyst J. Wolfson now anticipates that the mining company will earn $1.05 per share for the year, down from their prior estimate of $1.07. Desjardins currently has a “Buy” rating on the stock. Desjardins also issued estimates for Agnico Eagle Mines’ Q4 2017 earnings at $0.24 EPS.

AEM has been the subject of several other reports. BMO Capital Markets set a $47.00 price objective on Agnico Eagle Mines and gave the company a “hold” rating in a report on Tuesday, November 14th. Zacks Investment Research lowered Agnico Eagle Mines from a “buy” rating to a “hold” rating in a report on Monday, February 5th. Credit Suisse Group set a $62.00 price objective on Agnico Eagle Mines and gave the company a “buy” rating in a report on Thursday, December 28th. TD Securities boosted their price objective on Agnico Eagle Mines from $53.00 to $55.00 and gave the company a “hold” rating in a report on Friday, January 12th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $77.00 price objective on shares of Agnico Eagle Mines in a report on Thursday, December 28th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Agnico Eagle Mines presently has a consensus rating of “Buy” and an average target price of $58.05.

Shares of Agnico Eagle Mines (NYSE:AEM) opened at $43.92 on Wednesday. The company has a quick ratio of 2.70, a current ratio of 3.85 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $10,205.20, a PE ratio of 38.30, a P/E/G ratio of 42.84 and a beta of -0.60. Agnico Eagle Mines has a fifty-two week low of $39.30 and a fifty-two week high of $51.86.

Large investors have recently bought and sold shares of the company. Pinebridge Investments L.P. bought a new position in shares of Agnico Eagle Mines during the third quarter valued at approximately $170,000. WFG Advisors LP grew its holdings in shares of Agnico Eagle Mines by 8.6% during the second quarter. WFG Advisors LP now owns 3,889 shares of the mining company’s stock valued at $175,000 after purchasing an additional 309 shares during the last quarter. High Pointe Capital Management LLC bought a new position in shares of Agnico Eagle Mines during the third quarter valued at approximately $220,000. US Bancorp DE grew its holdings in shares of Agnico Eagle Mines by 35.2% during the fourth quarter. US Bancorp DE now owns 5,837 shares of the mining company’s stock valued at $270,000 after purchasing an additional 1,521 shares during the last quarter. Finally, OxFORD Asset Management LLP bought a new position in shares of Agnico Eagle Mines during the second quarter valued at approximately $286,000. 58.09% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY WARNING: “Desjardins Comments on Agnico Eagle Mines Ltd’s FY2017 Earnings (AEM)” was originally published by American Banking News and is the sole property of of American Banking News. If you are reading this article on another site, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The legal version of this article can be read at https://www.americanbankingnews.com/2018/02/14/desjardins-comments-on-agnico-eagle-mines-ltds-fy2017-earnings-aem.html.

About Agnico Eagle Mines

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 (NYSE:AEM)

Receive News & Ratings for Agnico Eagle Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agnico Eagle Mines and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply