Trade Report: The Q4 2016 Earnings Forecast for Agnico Eagle Mines Ltd. (AEM) Issued By National Bank Financial

The Q4 2016 Earnings Forecast for Agnico Eagle Mines Ltd. (AEM) Issued By National Bank Financial

Agnico Eagle Mines Ltd. (NYSE:AEM) – Research analysts at National Bank Financial cut their Q4 2016 earnings per share estimates for Agnico Eagle Mines in a research report issued to clients and investors on Thursday. National Bank Financial analyst S. Parsons now anticipates that the brokerage will post earnings per share of $0.11 for the quarter, down from their previous forecast of $0.19. National Bank Financial also issued estimates for Agnico Eagle Mines’ FY2018 earnings at $1.41 EPS.

Agnico Eagle Mines (NYSE:AEM) last issued its quarterly earnings results on Wednesday, October 26th. The mining company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.05. The company earned $610.86 million during the quarter, compared to the consensus estimate of $555.47 million. Agnico Eagle Mines had a return on equity of 2.30% and a net margin of 3.80%. Agnico Eagle Mines’s revenue was up 20.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.02 EPS.

Several other equities research analysts have also commented on the stock. Royal Bank Of Canada lowered shares of Agnico Eagle Mines from an “outperform” rating to a “sector perform” rating and set a $67.00 price target on the stock. in a research note on Monday, August 8th. Zacks Investment Research lowered shares of Agnico Eagle Mines from a “hold” rating to a “strong sell” rating in a research note on Monday, October 17th. Desjardins upgraded shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating in a research note on Wednesday, July 13th. RBC Capital Markets reiterated a “sector perform” rating on shares of Agnico Eagle Mines in a research note on Wednesday, October 26th. Finally, Citigroup Inc. reiterated a “sell” rating on shares of Agnico Eagle Mines in a research note on Monday, October 17th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $55.47.

Agnico Eagle Mines (NYSE:AEM) opened at 49.40 on Monday. The firm has a 50-day moving average price of $50.13 and a 200 day moving average price of $50.53. Agnico Eagle Mines has a one year low of $24.80 and a one year high of $60.10. The firm has a market capitalization of $11.04 billion, a P/E ratio of 340.69 and a beta of -0.84.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Tuesday, November 29th. Agnico Eagle Mines’s dividend payout ratio is 88.89%.

A number of institutional investors have recently bought and sold shares of AEM. IFP Advisors Inc raised its position in Agnico Eagle Mines by 7.8% in the second quarter. IFP Advisors Inc now owns 2,174 shares of the mining company’s stock worth $116,000 after buying an additional 157 shares in the last quarter. Gulf International Bank UK Ltd raised its position in Agnico Eagle Mines by 0.4% in the second quarter. Gulf International Bank UK Ltd now owns 67,528 shares of the mining company’s stock worth $3,597,000 after buying an additional 300 shares in the last quarter. Riverhead Capital Management LLC raised its position in Agnico Eagle Mines by 10.0% in the second quarter. Riverhead Capital Management LLC now owns 3,795 shares of the mining company’s stock worth $534,000 after buying an additional 345 shares in the last quarter. US Bancorp DE raised its position in Agnico Eagle Mines by 12.3% in the second quarter. US Bancorp DE now owns 4,346 shares of the mining company’s stock worth $232,000 after buying an additional 476 shares in the last quarter. Finally, Chelsea Counsel Co. raised its position in Agnico Eagle Mines by 0.6% in the first quarter. Chelsea Counsel Co. now owns 81,364 shares of the mining company’s stock worth $2,942,000 after buying an additional 520 shares in the last quarter. 62.08% of the stock is owned by hedge funds and other institutional investors.

Agnico Eagle Mines Company Profile

Related posts

Leave a Comment