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
08/03 EARNINGS REVIEW AND FREE RESEARCH RE : Newmont’s Q2 Sales and Adjusted EPS..
07/29 AGNICO EAGLE MINES : Reports Second Quarter 2017 Results; Strong Operational Per..
07/27 AGNICO EAGLE MINES LIMITED (NYSE : AEM) reported earnings of $0.24 per share bea..
07/27 AGNICO EAGLE MINES : beats 2Q profit forecasts
07/26 AGNICO EAGLE MINES : Reports Second Quarter 2017 Results; Strong Operational Per..
07/10 MIDLAND EXPLORATION : reports intersect grading 1.46 gt Au over 31.6 metres on t..
07/03 AGNICO EAGLE MINES : Provides Notice of Release of Second Quarter 2017 Results, ..
06/29 AGNICO EAGLE MINES : Provides Notice of Release of Second Quarter 2017 Results, ..
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..
More news
News from SeekingAlpha
08/18 Gold hits $1,300/oz. for first time this year
08/11 Gold nears $1,300/oz. as safe-haven assets find favor
08/10 The Mother Of All Resets Is Coming To The Gold Market
08/02 How To Get More Gold, Silver And Miners For Your Money
07/31 Agnico Eagle - 2nd Quarter Results... Another Solid Performance
Financials ($)
Sales 2017 2 157 M
EBIT 2017 395 M
Net income 2017 169 M
Debt 2017 628 M
Yield 2017 0,80%
P/E ratio 2017 58,00
P/E ratio 2018 54,93
EV / Sales 2017 5,32x
EV / Sales 2018 5,48x
Capitalization 10 857 M
Chart AGNICO EAGLE MINES LTD
Duration : Period :
Agnico Eagle Mines Ltd Technical Analysis Chart | AEM | CA0084741085 | 4-Traders
Technical analysis trends AGNICO EAGLE MINES LTD
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 55,1 $
Spread / Average Target 18%
EPS 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
Sector and Competitors
1st jan.Capitalization (M$)
AGNICO EAGLE MINES LTD4.60%10 857
BARRICK GOLD CORP-2.83%19 412
NEWMONT MINING CORP5.17%19 107
SAUDI ARABIAN MINING COMPANY (MA'ADEN)--.--%15 268
NEWCREST MINING LIMITED6.72%13 068
SHANDONG GOLD MINING CO., LTD-9.48%9 202