Agnico Eagle Mines Ltd (TSE:AEM) (NYSE:AEM) – Analysts at Cormark increased their Q4 2017 earnings per share estimates for Agnico Eagle Mines in a research note issued on Tuesday. Cormark analyst R. Gray now forecasts that the company will post earnings of $0.20 per share for the quarter, up from their prior estimate of $0.18.
Several other brokerages also recently issued reports on AEM. National Bank Financial lowered their price target on Agnico Eagle Mines from C$77.00 to C$70.00 in a research report on Friday, January 26th. Canaccord Genuity raised their price target on Agnico Eagle Mines from C$77.00 to C$81.00 in a research report on Friday, January 19th. Eight Capital reaffirmed a “neutral” rating on shares of Agnico Eagle Mines in a research report on Thursday, November 16th. Finally, Desjardins reaffirmed a “buy” rating and issued a C$60.00 price target on shares of Agnico Eagle Mines in a research report on Monday, December 11th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of C$67.00.
In related news, insider Jean Robitaille sold 20,000 shares of the stock in a transaction dated 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. Also, insider Ammar Al-Joundi bought 2,000 shares of Agnico Eagle Mines stock in a transaction that occurred on Friday, January 12th. The stock was bought at an average price of C$58.09 per share, with a total value of C$116,180.00. Over the last ninety days, insiders sold 41,000 shares of company stock worth $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.
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