Trading Report: The Q3 2016 EPS Estimates for Agnico Eagle Mines Ltd Decreased by Analyst (AEM)

The Q3 2016 EPS Estimates for Agnico Eagle Mines Ltd Decreased by Analyst (AEM)

Agnico Eagle Mines Ltd (TSE:AEM) – Analysts at National Bank Financial dropped their Q3 2016 earnings per share (EPS) estimates for shares of Agnico Eagle Mines in a research note issued to investors on Wednesday. National Bank Financial analyst S. Parsons now anticipates that the firm will post earnings of $0.20 per share for the quarter, down from their prior forecast of $0.26.

A number of other analysts have also recently weighed in on the stock. Royal Bank Of Canada restated a “sector perform” rating on shares of Agnico Eagle Mines in a report on Monday, September 19th. TD Securities raised their price target on shares of Agnico Eagle Mines from C$56.00 to C$61.00 and gave the company a “hold” rating in a report on Thursday, August 11th. Dundee Securities cut shares of Agnico Eagle Mines from a “buy” rating to a “neutral” rating in a report on Thursday, July 14th. Finally, Desjardins upgraded shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating in a report on Wednesday, July 13th. Six equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of C$58.86.

Agnico Eagle Mines (TSE:AEM) traded down 1.59% during trading on Friday, hitting $60.19. 237,848 shares of the company’s stock were exchanged. Agnico Eagle Mines has a 12-month low of $33.00 and a 12-month high of $78.35. The firm has a market cap of $13.45 billion and a price-to-earnings ratio of 415.10. The company’s 50-day moving average price is $67.85 and its 200 day moving average price is $64.42.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 15th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, August 30th. This is a positive change from Agnico Eagle Mines’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a yield of 0.65%.

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