Agnico Eagle Mines Ltd (TSE:AEM) (NYSE:AEM) – Equities researchers at National Bank Financial reduced their FY2017 earnings estimates for Agnico Eagle Mines in a research report issued on Wednesday. National Bank Financial analyst M. Parkin now expects that the company will post earnings per share of $1.19 for the year, down from their prior estimate of $1.38. National Bank Financial also issued estimates for Agnico Eagle Mines’ Q4 2017 earnings at $0.17 EPS and FY2018 earnings at $1.36 EPS.
A number of other equities research analysts have also recently commented on AEM. Canaccord Genuity increased their target price on shares of Agnico Eagle Mines from C$77.00 to C$81.00 in a research report on Friday, January 19th. Desjardins reissued a “buy” rating and set a C$60.00 target price on shares of Agnico Eagle Mines in a research report on Monday, December 11th. Finally, Eight Capital reissued a “neutral” rating on shares of Agnico Eagle Mines in a research report on Thursday, November 16th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Agnico Eagle Mines currently has an average rating of “Buy” and an average target price of C$67.00.
In other news, Director Sean Riley sold 1,000 shares of the stock in a transaction on Friday, January 12th. The shares were sold at an average price of C$58.49, for a total value of C$58,490.00. Also, insider Marc Legault sold 20,000 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of C$55.35, for a total transaction of C$1,107,000.00. Insiders have sold a total of 41,000 shares of company stock worth $2,295,090 in the last 90 days.
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Agnico Eagle Mines Company Profile
Agnico Eagle Mines Ltd is a Canada-based gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut, as well as exploration activities in Canada, Europe, Latin America and the United States. It operates through the business units: Northern Business, which consists of its operations in Canada and Finland, such as the LaRonde mine, the Lapa mine, the Goldex mine, the Meadowbank mine, the Meliadine project and the Malartic Mine in Canada, as well as the Kittila mine in Finland; Southern Business, which consists of its operations in Mexico, such as the Pinos Altos mine that includes the Creston Mascota deposit and the La India mine owned by its indirect subsidiary, as well as Exploration Group, which focuses on the identification of new mineral reserves and mineral resources, and new development opportunities in gold producing regions.
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