Agnico Eagle Mines Ltd. (NYSE:AEM) – Research analysts at Raymond James Financial increased their Q4 2016 EPS estimates for Agnico Eagle Mines in a research note issued to investors on Thursday. Raymond James Financial analyst P. Russo now forecasts that the brokerage will earn $0.31 per share for the quarter, up from their previous estimate of $0.30. Raymond James Financial also issued estimates for Agnico Eagle Mines’ Q1 2017 earnings at $0.47 EPS, Q2 2017 earnings at $0.47 EPS, Q3 2017 earnings at $0.47 EPS and Q4 2017 earnings at $0.47 EPS.

Agnico Eagle Mines (NYSE:AEM) last posted its quarterly earnings results on Thursday, July 28th. The mining company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.06. Agnico Eagle Mines had a return on equity of 1.88% and a net margin of 1.61%. The business had revenue of $537.60 million for the quarter, compared to analysts’ expectations of $507.37 million. During the same quarter in the prior year, the business earned $0.09 EPS. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis.

A number of other equities research analysts have also recently commented on AEM. BMO Capital Markets set a $72.30 price objective on Agnico Eagle Mines and gave the company a “hold” rating in a research note on Sunday, September 18th. Credit Suisse Group AG reissued a “buy” rating on shares of Agnico Eagle Mines in a research note on Saturday, June 4th. Barclays PLC raised their price objective on Agnico Eagle Mines from $50.00 to $61.00 and gave the company an “overweight” rating in a research note on Monday, August 8th. Dundee Securities cut Agnico Eagle Mines from a “buy” rating to a “neutral” rating in a research note on Thursday, July 14th. Finally, TD Securities reissued a “hold” rating and issued a $56.00 price objective on shares of Agnico Eagle Mines in a research note on Monday, July 25th. One analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $51.93.

Shares of Agnico Eagle Mines (NYSE:AEM) opened at 54.33 on Monday. The company has a market cap of $12.14 billion, a PE ratio of 374.69 and a beta of -0.57. The company has a 50-day moving average price of $54.68 and a 200-day moving average price of $48.44. Agnico Eagle Mines has a 1-year low of $24.21 and a 1-year high of $60.10.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.74%. This is a positive change from Agnico Eagle Mines’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Tuesday, August 30th. Agnico Eagle Mines’s payout ratio is presently 213.35%.

Hedge funds have recently added to or reduced their stakes in the stock. IFP Advisors Inc raised its stake in Agnico Eagle Mines by 7.8% in the second quarter. IFP Advisors Inc now owns 2,174 shares of the mining company’s stock worth $116,000 after buying an additional 157 shares during the last quarter. USA Mutuals Advisors Inc. bought a new stake in Agnico Eagle Mines during the first quarter worth about $181,000. Seven Eight Capital LLC bought a new stake in Agnico Eagle Mines during the second quarter worth about $198,000. Cipher Capital LP bought a new stake in Agnico Eagle Mines during the second quarter worth about $216,000. Finally, US Bancorp DE raised its stake in Agnico Eagle Mines by 12.3% in the second quarter. US Bancorp DE now owns 4,346 shares of the mining company’s stock worth $232,000 after buying an additional 476 shares during the last quarter. Institutional investors own 62.03% of the company’s stock.

Agnico Eagle Mines 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.

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