Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Toronto Stock Exchange  >  Agnico Eagle Mines Ltd    AEM   CA0084741085

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

TSX falls with oil as energy, high-yielding stocks decline

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/20/2017 | 10:28pm CEST
A sign board displaying Toronto Stock Exchange stock information is seen in Toronto

Canada's benchmark stock index retreated on Monday as oil prices fell and heavyweight energy and financial shares lost ground, while the prospect of higher U.S. interest rates pressured defensive sectors, such as telecoms.

That sector fell 0.9 percent, while the utilities group, another high-yielding sector, lost 0.4 percent.

"It is all the yield names ... because the Fed is raising rates and it's moving towards normalization," said Noman Ali, senior portfolio manager at Manulife Asset Management.

"They are less attractive when overall yields are going higher elsewhere."

The financials group, which has benefited from the prospect of higher yields, also lost ground, falling 0.5 percent.

"Banks' selling practices have been under a lot of scrutiny and there is risk that regulators will pay more attention to this and it might affect their overall Canadian business growth prospects," Ali said.

The energy group also declined 0.5 percent, pressured by lower oil prices. U.S. crude <CLc1> prices settled 56 cents lower at $48.22 a barrel as investors grappled with growing U.S. oil output and high inventories.

Transcanada Corp (>> TransCanada Corporation) has secured shippers' commitments for a pipeline associated with Malaysian state-owned oil company Petronas' pending Pacific NorthWest liquefied natural gas terminal in western Canada, the company said.

Its shares fell 0.4 percent to C$60.94.

The Toronto Stock Exchange's S&P/TSX composite index <.GSPTSE> closed down 48.17 points, or 0.31 percent, at 15,442.32.

Just two of the index's 10 main groups ended higher. The materials group, which includes precious and base metals miners and fertilizer companies, added 0.9 percent.

Dominion Diamond Corp (>> Dominion Diamond Corp) jumped more than 23 percent to C$16.27 after Washington Companies said on Sunday it had previously made a proposal to acquire the mining company for $13.50 a share.

Barrick Gold (>> Barrick Gold Corp), the world's largest gold producer, rose 1.3 percent to C$25.46 as gold prices <XAU=> scaled a two-week peak.

Gold rose and the U.S. dollar and bond yields fell after a weekend G20 summit dominated by the U.S. administration's protectionist stance on global trade.

Canada's finance minister will give an update on the deficit when he presents the federal budget on Wednesday.

Businesses fear higher capital gains taxes would harm competitiveness just as U.S. rivals benefit from a break in taxes and regulation under President Donald Trump.

Canadian wholesale trade in January unexpectedly jumped 3.3 percent, its biggest monthly advance in more than seven years.

(Additional reporting by Alastair Sharp; Editing by Meredith Mazzilli and James Dalgleish)

By Fergal Smith

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AGNICO EAGLE MINES LTD
06/26 AURA SILVER RESOURCES INC : . - 2017 Spring Drilling at Greyhound Property Compl..
06/19 AGNICO EAGLE MINES : KIA and Agnico Eagle Sign IIBA for the Whale Tail Gold Proj..
06/16 AGNICO EAGLE MINES : KIA and Agnico Eagle Sign IIBA for the Whale Tail Gold Proj..
06/13 CANDELARIA MINING : Closes $9.7 Million Strategic Investment by Agnico Eagle
06/08 COLIBRI RESOURCE : reports drilling results from the Pitaya Project
06/05 LES RESSOURCES YORBEAU : Yorbeau Resources inc announces the sale of its royalty..
05/30 AGNICO EAGLE MINES LTD : ex-dividend day
05/26 TSX ekes out gain in low volume trade ahead of U.S. holiday
05/22 Kinross announces vend - in of Yukon property to create White Gold Corp. stra..
05/18 Kinross announces vend-in of Yukon property to create White Gold Corp. strate..
More news
Sector news : Gold Mining
06/16 NEWCREST MINING : SolGold boosts budget to explore for copper, gold all over Ecu..
06/15 FOSUN INTERNATIONAL : Polyus to sell up to nine percent of its shares in London,..
06/14 BARRICK GOLD : to hold talks with Tanzania over export row
06/12 TSX retreats as banks, tech stocks weigh
06/08 TSX gains as bank stock gains, Valeant jumps
More sector news : Gold Mining
News from SeekingAlpha
06/26 RESOURCE SECTOR DIGEST : Storm In A Teacup
06/26 REAL GOLD OR PAPER PROXIES : What Billionaire Gold Investors Actually Buy
06/15 Newmont Mining ready to shine, Raymond James analysts say
06/14 Gold miners sell off as spot price falls following Fed rate hike
06/13 Which Gold Junior Will Get Taken Over Next?
Advertisement
Financials ($)
Sales 2017 2 113 M
EBIT 2017 395 M
Net income 2017 136 M
Debt 2017 581 M
Yield 2017 0,82%
P/E ratio 2017 60,47
P/E ratio 2018 52,12
EV / Sales 2017 5,32x
EV / Sales 2018 5,34x
Capitalization 10 649 M
More Financials
Chart AGNICO EAGLE MINES LTD
Duration : Period :
Agnico Eagle Mines Ltd Technical Analysis Chart | AEM | CA0084741085 | 4-Traders
Full-screen chart
Technical analysis trends AGNICO EAGLE MINE...
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 53,8 $
Spread / Average Target 17%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Sean Boyd Vice Chairman & Chief Executive Officer
Ammar Al-Joundi President
James D. Nasso Chairman
Yvon Sylvestre Senior Vice President-Operations
David Smith Chief Financial Officer & Senior VP-Finance
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
AGNICO EAGLE MINES LTD7.67%10 649
BARRICK GOLD CORP-1.86%18 692
NEWMONT MINING CORP-2.94%17 634
SAUDI ARABIAN MINING C..--.--%15 299
NEWCREST MINING LIMITE..3.80%12 249
SHANDONG GOLD MINING C..-20.27%7 966
More Results