Q3 2019 EPS Estimates for Agnico Eagle Mines Ltd Lifted by Desjardins (AEM)

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Agnico Eagle Mines Ltd (TSE:AEM) (NYSE:AEM) – Desjardins boosted their Q3 2019 earnings estimates for shares of Agnico Eagle Mines in a research note issued to investors on Monday, January 7th. Desjardins analyst J. Wolfson now forecasts that the company will post earnings of $0.36 per share for the quarter, up from their prior forecast of $0.32. Desjardins also issued estimates for Agnico Eagle Mines’ Q4 2019 earnings at $0.41 EPS.

Separately, Canaccord Genuity decreased their price target on Agnico Eagle Mines from C$66.00 to C$61.00 in a research note on Thursday, October 18th.

AEM opened at C$53.47 on Thursday. The company has a debt-to-equity ratio of 34.84, a current ratio of 2.94 and a quick ratio of 1.42. Agnico Eagle Mines has a 1 year low of C$42.35 and a 1 year high of C$62.80.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its quarterly earnings data on Wednesday, October 24th. The company reported C$0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C($0.07) by C$0.08. The firm had revenue of C$677.87 million for the quarter, compared to the consensus estimate of C$637.11 million.

In other news, insider Louise Grondin sold 5,000 shares of the company’s stock in a transaction on Monday, November 19th. The stock was sold at an average price of C$48.00, for a total transaction of C$240,000.00. Also, insider Ammar Al-Joundi purchased 1,000 shares of the business’s stock in a transaction dated Thursday, November 1st. The shares were purchased at an average cost of C$48.21 per share, for a total transaction of C$48,210.00. In the last ninety days, insiders sold 42,500 shares of company stock worth $2,094,150.

Agnico Eagle Mines Company Profile

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.

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

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