Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Equities research analysts at Desjardins issued their Q4 2017 earnings per share estimates for Agnico Eagle Mines in a report released on Monday. Desjardins analyst J. Wolfson expects that the company will post earnings of $0.32 per share for the quarter. Desjardins has a “Buy” rating and a $60.00 price objective on the stock. Desjardins also issued estimates for Agnico Eagle Mines’ Q1 2018 earnings at $0.23 EPS, Q2 2018 earnings at $0.27 EPS, Q3 2018 earnings at $0.24 EPS, Q1 2019 earnings at $0.30 EPS, Q2 2019 earnings at $0.30 EPS, Q3 2019 earnings at $0.31 EPS and FY2020 earnings at $1.97 EPS.
AEM has been the topic of a number of other reports. Royal Bank of Canada reissued a “sector perform” rating on shares of Agnico Eagle Mines in a research report on Monday, September 11th. Canaccord Genuity lifted their target price on Agnico Eagle Mines from C$76.00 to C$77.00 in a research report on Friday, October 20th. Finally, Eight Capital reissued a “neutral” rating on shares of Agnico Eagle Mines in a research report on Thursday, November 16th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of C$65.25.
In related news, Director Deborah Mccombe acquired 500 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The stock was purchased at an average price of C$58.24 per share, for a total transaction of C$29,120.00.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $0.137 dividend. 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 1.00%. The ex-dividend date of this dividend is 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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