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%.