Brokers Issue Forecasts for Agnico Eagle Mines Limited’s Q4 2018 Earnings (AEM)
Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Analysts at Desjardins issued their Q4 2018 earnings per share (EPS) estimates for Agnico Eagle Mines in a note issued to investors on Monday. Desjardins analyst J. Wolfson expects that the company will earn $0.32 per share for the quarter. Desjardins currently has a “Buy” rating and a $60.00 target price on the stock.
Several other brokerages also recently weighed in on AEM. Eight Capital reiterated a “neutral” rating on shares of Agnico Eagle Mines in a research note on Thursday, November 16th. Canaccord Genuity lifted their price objective on shares of Agnico Eagle Mines from C$73.00 to C$76.00 in a research note on Friday, September 29th. Finally, Royal Bank of Canada reiterated a “sector perform” rating on shares of Agnico Eagle Mines in a research note on Monday, September 11th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Agnico Eagle Mines has a consensus rating of “Buy” and an average price target of C$65.25.
Shares of Agnico Eagle Mines (TSE AEM) traded up C$0.71 on Thursday, reaching C$55.36. 2,040,000 shares of the company’s stock traded hands, compared to its average volume of 680,771. Agnico Eagle Mines has a 52 week low of C$46.91 and a 52 week high of C$68.76.
In other Agnico Eagle Mines news, Director Deborah Mccombe bought 500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The stock was bought at an average cost of C$58.24 per share, for a total transaction of C$29,120.00.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were paid a dividend of $0.137 per share. This is an increase from Agnico Eagle Mines’s previous quarterly dividend of $0.10. This represents a $0.55 annualized dividend and a dividend yield of 0.99%. The ex-dividend date was Thursday, November 30th. Agnico Eagle Mines’s payout ratio is presently 26.67%.
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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