Agnico Eagle Mines Ltd (TSE:AEM) – Stock analysts at Raymond James upped their FY2016 earnings per share estimates for Agnico Eagle Mines in a report released on Monday, Zacks Investment Research reports. Raymond James analyst P. Russo now forecasts that the brokerage will post earnings of $0.20 per share for the year, up from their prior estimate of $0.14. The consensus estimate for Agnico Eagle Mines’ FY2016 earnings is $0.18 per share.

AEM has been the subject of a number of other research reports. RBC Capital reiterated an “outperform” rating on shares of Agnico Eagle Mines in a report on Monday, October 26th. Credit Suisse upgraded Agnico Eagle Mines to a “focus list” rating in a report on Monday, December 21st. Desjardins decreased their price objective on Agnico Eagle Mines from C$51.00 to C$44.00 in a report on Wednesday, October 7th. Canaccord Genuity increased their price objective on Agnico Eagle Mines from C$49.00 to C$51.00 and gave the stock a “buy” rating in a report on Thursday, October 29th. Finally, TD Securities downgraded Agnico Eagle Mines from a “buy” rating to a “hold” rating and decreased their price objective for the stock from C$50.00 to C$47.00 in a report on Wednesday, January 13th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Agnico Eagle Mines has a consensus rating of “Buy” and an average price target of C$40.79.

Agnico Eagle Mines (TSE:AEM) traded up 1.71% during midday trading on Tuesday, reaching $40.46. 959,241 shares of the company’s stock traded hands. The stock has a market cap of $8.80 billion and a PE ratio of 578.00. The stock’s 50 day moving average price is $38.49 and its 200-day moving average price is $34.74. Agnico Eagle Mines has a one year low of $27.63 and a one year high of $43.70.

In other Agnico Eagle Mines news, Director Leanne Marie Baker sold 1,265 shares of the firm’s stock in a transaction dated Wednesday, January 6th. The stock was sold at an average price of C$28.55, for a total value of C$36,115.75. Also, Director Sean Boyd sold 21,000 shares of the firm’s stock in a transaction dated Monday, January 4th. The stock was sold at an average price of C$37.56, for a total value of C$788,802.00.

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.

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