The stock of Agnico Eagle Mines Ltd (USA) (NYSE:AEM) is a huge mover today! The stock decreased 6.79% or $2.9 on November 23, hitting $39.84. About 3.76 million shares traded hands or 76.53% up from the average. Agnico Eagle Mines Ltd (USA) (NYSE:AEM) has declined 3.63% since April 22, 2016 and is downtrending. It has underperformed by 9.04% the S&P500.
The move comes after 7 months negative chart setup for the $8.88B company. It was reported on Nov, 24 by Barchart.com. We have $36.65 PT which if reached, will make NYSE:AEM worth $710.40M less.
Analysts await Agnico Eagle Mines Ltd (USA) (NYSE:AEM) to report earnings on February, 8. AEM’s profit will be $40.12M for 55.33 P/E if the $0.18 EPS becomes a reality. After $0.24 actual earnings per share reported by Agnico Eagle Mines Ltd (USA) for the previous quarter, Wall Street now forecasts -25.00% negative EPS growth.
Agnico Eagle Mines Ltd (USA) (NYSE:AEM) Ratings Coverage
Out of 14 analysts covering Agnico-Eagle Mines (NYSE:AEM), 8 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 57% are positive. Agnico-Eagle Mines has been the topic of 27 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of Agnico Eagle Mines Ltd (USA) (NYSE:AEM) has “Buy” rating given on Tuesday, September 8 by HSBC. The firm has “Hold” rating by TD Securities given on Wednesday, January 13. The stock of Agnico Eagle Mines Ltd (USA) (NYSE:AEM) earned “Market Perform” rating by BMO Capital Markets on Thursday, May 12. The firm has “Outperform” rating given on Thursday, January 14 by BMO Capital Markets. The stock of Agnico Eagle Mines Ltd (USA) (NYSE:AEM) has “Sector Outperform” rating given on Friday, July 24 by IBC. The stock of Agnico Eagle Mines Ltd (USA) (NYSE:AEM) has “Neutral” rating given on Monday, April 18 by JP Morgan. The stock of Agnico Eagle Mines Ltd (USA) (NYSE:AEM) earned “Outperform” rating by Raymond James on Friday, October 16. RBC Capital Markets maintained Agnico Eagle Mines Ltd (USA) (NYSE:AEM) on Tuesday, August 11 with “Outperform” rating. The rating was maintained by Barclays Capital with “Equal Weight” on Friday, July 31. Barclays Capital maintained the shares of AEM in a report on Friday, February 12 with “Overweight” rating.
According to Zacks Investment Research, “Agnico-Eagle Mines Limited is a Canadian-based gold producer with operations in Canada, Finland and Mexico, and exploration and development activities in Canada, Finland, Mexico and the U.S. Agnico-Eagle Mines Limited is based in Toronto, Canada.”
More notable recent Agnico Eagle Mines Ltd (USA) (NYSE:AEM) news were published by: Investorplace.com which released: “Why Alexion Pharmaceuticals, Inc. (ALXN), Archer Daniels Midland Company (ADM …” on November 11, 2016, also Fool.ca with their article: “Agnico Eagle Mines Ltd. Will Grow Gold Production Like a Weed” published on September 19, 2016, Fool.ca published: “Agnico Eagle Mines Ltd. Was Downgraded 3 Times This Summer: Should You Sell?” on September 07, 2016. More interesting news about Agnico Eagle Mines Ltd (USA) (NYSE:AEM) were released by: Fool.ca and their article: “Agnico Eagle Mines Ltd.: Should You Buy This Gold Stock?” published on December 16, 2015 as well as Fool.ca‘s news article titled: “Should You Buy Shares of Agnico Eagle Mines Ltd. Today?” with publication date: February 13, 2015.
AEM Company Profile
Agnico Eagle Mines Limited (Agnico Eagle), incorporated on June 1, 1972, is a gold producer with mining activities in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States. The Firm operates through three business units: Northern Business, Southern Business and Exploration. The Company’s Northern Business consists of the Company’s activities in Canada and Finland. The Company’s Canadian properties include the LaRonde mine, the Lapa mine, the Goldex mine, the Meadowbank mine and the Meliadine project, each of which is held directly by the Company, and an interest in the Canadian Malartic Mine, which is held indirectly through a subsidiary of the Company and Canadian Malartic Corporation. The Company’s activities in Finland are conducted through its indirect subsidiary, Agnico Eagle Finland Oy, which owns the Kittila mine. The Company’s Southern Business consists of the Company’s activities in Mexico. The Company’s Pinos Altos mine, including the Creston Mascota deposit, is held through its subsidiary, Agnico Eagle Mexico S.A. de C.V. The La India mine is owned by the Company’s indirect subsidiary, Agnico Sonora, S.A. de C.V.
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