Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Research analysts at Cormark increased their Q1 2018 earnings per share estimates for shares of Agnico Eagle Mines in a note issued to investors on Monday, April 23rd. Cormark analyst R. Gray now expects that the mining company will earn $0.16 per share for the quarter, up from their previous estimate of $0.04.
AEM has been the subject of a number of other research reports. Zacks Investment Research lowered shares of Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research note on Monday, February 5th. Credit Suisse Group set a $62.00 price target on shares of Agnico Eagle Mines and gave the company a “buy” rating in a research note on Thursday, December 28th. TD Securities upped their target price on shares of Agnico Eagle Mines from $53.00 to $55.00 and gave the stock a “hold” rating in a research note on Friday, January 12th. Royal Bank of Canada reduced their target price on shares of Agnico Eagle Mines from $52.00 to $48.00 and set a “sector perform” rating for the company in a research note on Monday, March 12th. Finally, National Bank Financial lowered shares of Agnico Eagle Mines from an “outperform” rating to a “sector perform” rating in a research note on Friday, February 16th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $55.90.
Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings results on Wednesday, February 14th. The mining company reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.02. The business had revenue of $565.25 million during the quarter, compared to analyst estimates of $552.10 million. Agnico Eagle Mines had a net margin of 10.88% and a return on equity of 5.19%. Agnico Eagle Mines’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.04 EPS.
Hedge funds and other institutional investors have recently bought and sold shares of the company. US Bancorp DE grew its stake in shares of Agnico Eagle Mines by 35.2% in the 4th quarter. US Bancorp DE now owns 5,837 shares of the mining company’s stock worth $270,000 after acquiring an additional 1,521 shares in the last quarter. High Pointe Capital Management LLC boosted its holdings in shares of Agnico Eagle Mines by 29.0% in the 4th quarter. High Pointe Capital Management LLC now owns 6,270 shares of the mining company’s stock worth $290,000 after buying an additional 1,410 shares during the last quarter. Premia Global Advisors LLC purchased a new position in shares of Agnico Eagle Mines in the 4th quarter worth about $335,000. Koch Industries Inc. purchased a new position in shares of Agnico Eagle Mines in the 4th quarter worth about $413,000. Finally, SeaCrest Wealth Management LLC purchased a new position in shares of Agnico Eagle Mines in the 4th quarter worth about $507,000. Hedge funds and other institutional investors own 56.54% of the company’s stock.
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About Agnico Eagle Mines
Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. The company operates through Northern Business and Southern Business segments. It primarily produces and sells gold deposit, as well as explores for silver, zinc, and copper deposits.
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