Agnico Eagle Mines Ltd (TSE:AEM) – Equities research analysts at National Bank Financial reduced their FY2016 earnings per share (EPS) estimates for shares of Agnico Eagle Mines in a report issued on Wednesday. National Bank Financial analyst S. Parsons now anticipates that the brokerage will post earnings of $0.64 per share for the year, down from their previous estimate of $0.90. National Bank Financial also issued estimates for Agnico Eagle Mines’ FY2017 earnings at $1.62 EPS.
AEM has been the topic of a number of other research reports. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Agnico Eagle Mines in a report on Monday, September 19th. Desjardins upgraded Agnico Eagle Mines from a “hold” rating to a “buy” rating in a report on Wednesday, July 13th. TD Securities reiterated a “hold” rating and issued a C$56.00 target price on shares of Agnico Eagle Mines in a report on Friday, July 22nd. Finally, Dundee Securities downgraded Agnico Eagle Mines from a “buy” rating to a “neutral” rating in a report on Thursday, July 14th. Six investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Agnico Eagle Mines currently has an average rating of “Buy” and an average price target of C$58.86.
Agnico Eagle Mines (TSE:AEM) opened at 60.61 on Monday. The stock has a 50 day moving average of $67.40 and a 200-day moving average of $64.85. The stock has a market cap of $13.54 billion and a P/E ratio of 418.00. Agnico Eagle Mines has a one year low of $33.00 and a one year high of $78.35.
About Agnico Eagle Mines
Agnico Eagle Mines Limited is a gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States. The Company operates through three business units. The Northern Business consists of its operations in Canada and Finland.
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