Agnico Eagle Mines Ltd (USA) (AEM) is Downgraded by RBC Capital Mkts to Sector Perform, Raises Price Target to $ 67

Agnico Eagle Mines Ltd (USA) (AEM) was Downgraded by RBC Capital Mkts to ” Sector Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 67 from a previous price target of $65 . Earlier the firm had a rating of “Outperform ” on the company shares. RBC Capital Mkts advised their investors in a research report released on Aug 8, 2016.

Many Wall Street Analysts have commented on Agnico Eagle Mines Ltd (USA). Citigroup Initiated Agnico Eagle Mines Ltd (USA) on Aug 2, 2016 to “Sell”, Price Target of the shares are set at $44.Agnico Eagle Mines Ltd (USA) was Downgraded by Dundee to ” Neutral” on Jul 14, 2016. Agnico Eagle Mines Ltd (USA) was Upgraded by Desjardins to ” Buy” on Jul 13, 2016.

On the company’s financial health, Agnico Eagle Mines Ltd (USA) reported $0.16 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.10. The company had revenue of $537.60 million for the quarter, compared to analysts expectations of $516.48 million. The company’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS.

Agnico Eagle Mines Ltd (USA) closed down -1.85 points or -3.10% at $57.92 with 22,12,451 shares getting traded on Friday. Post opening the session at $58.22, the shares hit an intraday low of $57.61 and an intraday high of $58.55 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Investors should note that on Jul 27, 2016, Agnico Eagle Mines Ltd (USA) announced a cash dividend of $0.1000. The company’s management has announced Aug 30, 2016 as the ex-dividend date and fixed the record date on Sep 1, 2016. The payable date has been fixed on Sep 15, 2016.

Agnico Eagle Mines Ltd is a Canada-based gold producer. The Company has mining operations in northwestern Quebec northern Mexico northern Finland and Nunavut and exploration activities in Canada Europe Latin America and the United States. It operates through three business units: Northern Business Southern Business and Exploration. Its Northern Business consists of the operations in Canada and Finland which include the LaRonde mine the Lapa mine the Goldex mine the Meadowbank mine and the Meliadine project. Its Southern Business consists of the Company’s operations in Mexico. The Company’s mining at Pinos Altos is conducted through its subsidiary Agnico Eagle Mexico S.A. de C.V. which owns the Pinos Altos mine including the Creston Mascota deposit. Its Exploration group focuses on the identification of new mineral reserves and resources and new developments in stable and proven gold producing regions.

Agnico Eagle Mines Ltd (USA)

Leave a Reply

Agnico Eagle Mines Ltd (USA) - Is it time to Sell?

Top Brokerage Firms are advising their investors on Agnico Eagle Mines Ltd (USA). Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.