Agnico Eagle Mines Limited (AEM) to Post Q1 2018 Earnings of $0.24 Per Share, Desjardins Forecasts

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Research analysts at Desjardins dropped their Q1 2018 earnings per share estimates for shares of Agnico Eagle Mines in a report issued on Monday, April 16th. Desjardins analyst J. Wolfson now forecasts that the company will earn $0.24 per share for the quarter, down from their previous estimate of $0.28. Desjardins also issued estimates for Agnico Eagle Mines’ FY2018 earnings at $0.87 EPS, Q2 2019 earnings at $0.30 EPS and Q3 2019 earnings at $0.37 EPS.

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Several other equities analysts also recently commented on AEM. Canaccord Genuity lowered their price objective on Agnico Eagle Mines from C$81.00 to C$77.00 in a research report on Friday, February 16th. National Bank Financial lowered their price objective on Agnico Eagle Mines from C$77.00 to C$70.00 in a research report on Friday, January 26th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Agnico Eagle Mines currently has an average rating of “Hold” and a consensus target price of C$68.67.

Shares of Agnico Eagle Mines stock opened at C$57.45 on Wednesday. Agnico Eagle Mines has a 52 week low of C$48.04 and a 52 week high of C$68.76.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its earnings results on Wednesday, February 14th. The company reported C$0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.24 by C$0.03. The company had revenue of C$717.92 million for the quarter, compared to the consensus estimate of C$709.69 million. Agnico Eagle Mines had a return on equity of 2.85% and a net margin of 6.21%.

In related news, insider Jean Robitaille sold 5,000 shares of the business’s stock in a transaction dated Friday, March 23rd. The stock was sold at an average price of C$53.49, for a total value of C$267,450.00. Also, Director John Merfyn Roberts sold 800 shares of the business’s stock in a transaction dated Wednesday, March 28th. The stock was sold at an average price of C$53.62, for a total value of C$42,896.00. Insiders sold 10,800 shares of company stock worth $582,796 over the last 90 days.

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Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Finland, and Mexico. It operates through three segments: Northern Business, Southern Business, and Exploration. The company primarily produces and sells gold, as well as explores for silver, zinc, and copper.

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

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