Agnico Eagle Mines Ltd (TSE:AEM) – Investment analysts at Raymond James reduced their Q4 2015 earnings estimates for Agnico Eagle Mines in a research report issued to clients and investors on Monday, Zacks Investment Research reports. Raymond James analyst P. Russo now expects that the brokerage will post earnings per share of ($0.03) for the quarter, down from their prior estimate of $0.01. The consensus estimate for Agnico Eagle Mines’ Q4 2015 earnings is $0.02 per share.

Other research analysts also recently issued reports about the company. Canaccord Genuity boosted their target price 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. TD Securities downgraded Agnico Eagle Mines from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$50.00 to C$47.00 in a report on Wednesday, January 13th. Credit Suisse raised Agnico Eagle Mines to a “focus list” rating in a report on Monday, December 21st. RBC Capital restated an “outperform” rating on shares of Agnico Eagle Mines in a research report on Monday, October 26th. Finally, Desjardins dropped their price objective on shares of Agnico Eagle Mines from C$51.00 to C$44.00 in a research report on Wednesday, October 7th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of C$40.79.

Agnico Eagle Mines (TSE:AEM) opened at 40.82 on Wednesday. Agnico Eagle Mines has a one year low of $27.63 and a one year high of $43.70. The stock has a market cap of $8.87 billion and a P/E ratio of 583.14. The company has a 50-day moving average price of $38.66 and a 200-day moving average price of $34.82.

In other news, insider David Smith sold 5,000 shares of the business’s stock in a transaction on Friday, December 11th. The shares were sold at an average price of C$38.41, for a total value of C$192,026.00. Also, insider Jean Robitaille sold 1,500 shares of the business’s stock in a transaction on Monday, November 16th. The shares were sold at an average price of C$35.25, for a total transaction of C$52,875.00.

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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