FY2019 EPS Estimates for Agnico Eagle Mines Ltd Lowered by Raymond James (NYSE:AEM)

Agnico Eagle Mines Ltd (NYSE:AEM) (TSE:AEM) – Analysts at Raymond James dropped their FY2019 earnings per share (EPS) estimates for Agnico Eagle Mines in a report issued on Tuesday, January 21st. Raymond James analyst F. Hamed now anticipates that the mining company will post earnings of $0.97 per share for the year, down from their previous forecast of $1.01. Raymond James has a “Outperform” rating and a $74.00 price target on the stock. Raymond James also issued estimates for Agnico Eagle Mines’ Q1 2020 earnings at $0.46 EPS, Q2 2020 earnings at $0.45 EPS and FY2020 earnings at $1.96 EPS.

Several other brokerages also recently commented on AEM. National Bank Financial lifted their target price on shares of Agnico Eagle Mines from $100.00 to $102.00 and gave the stock an “outperform” rating in a report on Sunday, October 27th. Barclays raised shares of Agnico Eagle Mines from an “equal weight” rating to an “overweight” rating and set a $92.62 target price for the company in a report on Wednesday, December 11th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $61.00 target price on shares of Agnico Eagle Mines in a report on Thursday, December 5th. Zacks Investment Research downgraded shares of Agnico Eagle Mines from a “hold” rating to a “sell” rating and set a $62.00 target price for the company. in a report on Tuesday, January 14th. Finally, ValuEngine downgraded shares of Agnico Eagle Mines from a “hold” rating to a “sell” rating in a report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $74.62.

Shares of AEM stock opened at $60.97 on Friday. The company has a market capitalization of $14.57 billion, a price-to-earnings ratio of 80.89, a PEG ratio of 34.16 and a beta of -0.54. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.70 and a current ratio of 1.42. The company has a 50-day simple moving average of $60.25 and a 200 day simple moving average of $57.88. Agnico Eagle Mines has a 52 week low of $39.10 and a 52 week high of $64.88.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its earnings results on Wednesday, October 23rd. The mining company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.27 by $0.10. The business had revenue of $683.00 million during the quarter, compared to the consensus estimate of $683.18 million. Agnico Eagle Mines had a negative net margin of 11.06% and a positive return on equity of 3.80%. Agnico Eagle Mines’s revenue was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.01 EPS.

Several large investors have recently modified their holdings of AEM. Signaturefd LLC increased its position in Agnico Eagle Mines by 12.8% in the 3rd quarter. Signaturefd LLC now owns 1,849 shares of the mining company’s stock valued at $99,000 after acquiring an additional 210 shares during the period. Wetherby Asset Management Inc. increased its position in Agnico Eagle Mines by 4.4% in the 3rd quarter. Wetherby Asset Management Inc. now owns 6,310 shares of the mining company’s stock valued at $338,000 after acquiring an additional 268 shares during the period. Boenning & Scattergood Inc. increased its position in Agnico Eagle Mines by 2.9% in the 3rd quarter. Boenning & Scattergood Inc. now owns 10,835 shares of the mining company’s stock valued at $580,000 after acquiring an additional 310 shares during the period. NEXT Financial Group Inc increased its position in Agnico Eagle Mines by 8.8% in the 3rd quarter. NEXT Financial Group Inc now owns 4,721 shares of the mining company’s stock valued at $253,000 after acquiring an additional 383 shares during the period. Finally, Violich Capital Management Inc. increased its position in Agnico Eagle Mines by 1.4% in the 4th quarter. Violich Capital Management Inc. now owns 28,849 shares of the mining company’s stock valued at $1,777,000 after acquiring an additional 395 shares during the period. Institutional investors own 60.09% of the company’s stock.

Agnico Eagle Mines Company Profile

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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