Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Analysts at National Bank Financial dropped their FY2016 EPS estimates for Agnico Eagle Mines Limited in a report released on Monday. National Bank Financial analyst S. Parsons now forecasts that the firm will post earnings of $0.62 per share for the year, down from their previous estimate of $0.65.

This report was published by Watch List News and is the property of of Watch List News. If you are accessing this report on another site, it was stolen and reposted in violation of United States and international copyright legislation. The legal version of this report can be accessed at http://www.watchlistnews.com/national-bank-financial-brokers-cut-earnings-estimates-for-agnico-eagle-mines-limited-aem/1121495.html.

Several other analysts have also recently commented on the company. Credit Suisse Group reaffirmed a “buy” rating on shares of Agnico Eagle Mines Limited in a research report on Wednesday. BMO Capital Markets set a $46.00 target price on Agnico Eagle Mines Limited and gave the stock a “hold” rating in a research report on Thursday, February 2nd. Zacks Investment Research raised Agnico Eagle Mines Limited from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 24th. Scotiabank reaffirmed an “outperform” rating and issued a $68.50 target price on shares of Agnico Eagle Mines Limited in a research report on Thursday, November 24th. Finally, TD Securities reaffirmed a “hold” rating and issued a $61.00 target price on shares of Agnico Eagle Mines Limited in a research report on Monday, November 21st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. Agnico Eagle Mines Limited currently has a consensus rating of “Hold” and a consensus price target of $56.49.

Shares of Agnico Eagle Mines Limited (NYSE:AEM) opened at 47.10 on Thursday. Agnico Eagle Mines Limited has a 12 month low of $32.87 and a 12 month high of $60.10. The stock has a market cap of $10.58 billion, a P/E ratio of 132.30 and a beta of -0.51. The stock has a 50 day moving average price of $46.74 and a 200 day moving average price of $48.28.

Several hedge funds have recently made changes to their positions in AEM. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of Agnico Eagle Mines Limited during the fourth quarter valued at about $4,850,000. Paulson & CO. Inc. purchased a new stake in shares of Agnico Eagle Mines Limited during the fourth quarter valued at about $45,385,000. Cheviot Value Management LLC raised its stake in shares of Agnico Eagle Mines Limited by 6.3% in the fourth quarter. Cheviot Value Management LLC now owns 94,598 shares of the mining company’s stock valued at $3,973,000 after buying an additional 5,605 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Agnico Eagle Mines Limited by 2.2% in the fourth quarter. Franklin Resources Inc. now owns 707,292 shares of the mining company’s stock valued at $29,726,000 after buying an additional 14,960 shares in the last quarter. Finally, A.R.T. Advisors LLC purchased a new stake in shares of Agnico Eagle Mines Limited during the fourth quarter valued at about $2,742,000. Institutional investors and hedge funds own 61.32% of the company’s stock.

This report was published by Watch List News and is the property of of Watch List News. If you are accessing this report on another site, it was stolen and reposted in violation of United States and international copyright legislation. The legal version of this report can be accessed at http://www.watchlistnews.com/national-bank-financial-brokers-cut-earnings-estimates-for-agnico-eagle-mines-limited-aem/1121495.html.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Investors of record on Wednesday, March 1st will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, February 27th. This represents a $0.40 annualized dividend and a dividend yield of 0.85%. Agnico Eagle Mines Limited’s dividend payout ratio is 88.89%.

Agnico Eagle Mines Limited Company Profile

Agnico Eagle Mines Limited is a gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States. The Company operates through three business units. The Northern Business consists of its operations in Canada and Finland.

5 Day Chart for NYSE:AEM

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