Agnico Eagle Mines Ltd (TSE:AEM) Expected to Earn Q3 2018 Earnings of ($0.08) Per Share

Agnico Eagle Mines Ltd (TSE:AEM) (NYSE:AEM) – Equities researchers at Cormark decreased their Q3 2018 EPS estimates for shares of Agnico Eagle Mines in a research report issued to clients and investors on Tuesday, October 16th, Zacks Investment Research reports. Cormark analyst R. Gray now anticipates that the company will earn ($0.08) per share for the quarter, down from their prior estimate of $0.04.

Other equities research analysts have also recently issued reports about the stock. National Bank Financial lifted their price objective on shares of Agnico Eagle Mines from C$58.00 to C$62.00 in a research note on Saturday, July 14th. Canaccord Genuity cut their price objective on shares of Agnico Eagle Mines from C$68.00 to C$66.00 in a research note on Tuesday, July 24th.

Shares of AEM traded down C$1.59 during midday trading on Thursday, hitting C$45.25. 937,500 shares of the stock traded hands, compared to its average volume of 721,867. Agnico Eagle Mines has a 1-year low of C$42.35 and a 1-year high of C$62.80. The company has a debt-to-equity ratio of 34.93, a current ratio of 4.02 and a quick ratio of 2.27.

In related news, insider Ammar Al-Joundi acquired 1,000 shares of the business’s stock in a transaction that occurred on Thursday, November 1st. The shares were acquired at an average cost of C$48.21 per share, for a total transaction of C$48,210.00.

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.

Featured Story: What is a capital gain?

Get a free copy of the Zacks research report on Agnico Eagle Mines (AEM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Agnico Eagle Mines (TSE:AEM)

Receive News & Ratings for Agnico Eagle Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agnico Eagle Mines and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply