FY2017 Earnings Estimate for Agnico Eagle Mines Limited (AEM) Issued By Cormark

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Equities research analysts at Cormark cut their FY2017 earnings per share (EPS) estimates for Agnico Eagle Mines Limited in a report released on Friday. Cormark analyst R. Gray now forecasts that the mining company will post earnings of $0.67 per share for the year, down from their prior forecast of $0.83. Cormark also issued estimates for Agnico Eagle Mines Limited’s Q1 2018 earnings at $0.12 EPS, Q2 2018 earnings at $0.12 EPS, Q3 2018 earnings at $0.12 EPS and Q4 2018 earnings at $0.11 EPS.

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings data on Wednesday, July 26th. The mining company reported $0.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.10. The firm had revenue of $549.88 million for the quarter, compared to the consensus estimate of $529.43 million. Agnico Eagle Mines Limited had a net margin of 11.32% and a return on equity of 5.38%. The company’s revenue was up 2.3% on a year-over-year basis. During the same period last year, the firm earned $0.16 EPS. TRADEMARK VIOLATION NOTICE: This news story was originally posted by BNB Daily and is owned by of BNB Daily. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international trademark & copyright laws. The correct version of this news story can be accessed at https://www.baseball-news-blog.com/2017/08/19/fy2017-earnings-estimate-for-agnico-eagle-mines-limited-aem-issued-by-cormark-updated-updated.html.

A number of other equities research analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of Agnico Eagle Mines Limited from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research report on Thursday, May 11th. Raymond James Financial, Inc. reissued an “outperform” rating and issued a $61.00 price objective on shares of Agnico Eagle Mines Limited in a report on Thursday, June 15th. Scotiabank reaffirmed an “outperform” rating and set a $56.50 target price on shares of Agnico Eagle Mines Limited in a research note on Friday, April 28th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $46.00 target price on shares of Agnico Eagle Mines Limited in a research note on Tuesday, April 18th. Finally, National Bank Financial raised shares of Agnico Eagle Mines Limited from a “sector perform” rating to an “outperform” rating in a research note on Monday, July 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. Agnico Eagle Mines Limited currently has a consensus rating of “Buy” and an average price target of $53.17.

Agnico Eagle Mines Limited (NYSE AEM) traded down 1.07% during trading on Monday, reaching $46.21. 633,111 shares of the company traded hands. The firm has a 50-day moving average price of $45.85 and a 200-day moving average price of $45.94. The company has a market capitalization of $10.68 billion, a P/E ratio of 42.47 and a beta of -0.67. Agnico Eagle Mines Limited has a 52 week low of $35.05 and a 52 week high of $60.10.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.86%. The ex-dividend date is Wednesday, August 30th. Agnico Eagle Mines Limited’s payout ratio is 36.70%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. First Manhattan Co. increased its position in Agnico Eagle Mines Limited by 56.3% in the first quarter. First Manhattan Co. now owns 23,805 shares of the mining company’s stock worth $1,289,000 after buying an additional 8,576 shares in the last quarter. Engineers Gate Manager LP boosted its stake in shares of Agnico Eagle Mines Limited by 12.1% in the first quarter. Engineers Gate Manager LP now owns 27,800 shares of the mining company’s stock worth $1,180,000 after buying an additional 3,011 shares during the last quarter. Bank of Nova Scotia boosted its stake in shares of Agnico Eagle Mines Limited by 23.7% in the first quarter. Bank of Nova Scotia now owns 604,615 shares of the mining company’s stock worth $25,653,000 after buying an additional 115,787 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in shares of Agnico Eagle Mines Limited by 26.7% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 6,970 shares of the mining company’s stock worth $295,000 after buying an additional 1,470 shares during the last quarter. Finally, Violich Capital Management Inc. boosted its stake in shares of Agnico Eagle Mines Limited by 4.3% in the first quarter. Violich Capital Management Inc. now owns 22,525 shares of the mining company’s stock worth $956,000 after buying an additional 925 shares during the last quarter. 60.69% of the stock is owned by hedge funds and other institutional investors.

Agnico Eagle Mines Limited Company Profile

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.

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

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

Latest News

Leave a Reply