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CIBC Says Agnico-Eagle Best Positioned Miner Ahead of Q4 Earnings, Sees Iamgold Having 'No Room for Error'

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According to CIBC analyst Alec Kodatsky, Agnico-Eagle Mines Ltd. (NYSE: AEM) is best positioned to beat Q4 estimates. Kodatsky believes Kinross Gold Corp (NYSE: KGC), New Gold Inc (NYSE: NGD), and Yamana Gold Inc (NYSE: AUY) also appear well positioned to meet their earnings estimates.

Kodatsky said Barrick Gold Corp (NYSE: ABX) has “little breathing room” for operations issues. Iamgold Corp (NYSE: IAG) also has “no room for error” in meeting estimates.

Overall, more conservative forecasts are expected in 2013 due to these companies trying to improve their operations.

In midday trading, AEM is up 0.6% at $50.98 a share, KGC is down 0.5% at $9.43 a share, NGD is up 3.3% at$10.95 a share, AUY is down 0.2% at $17.45 a share, ABX is down 0.6% at $34.31 a share, IAG is up 1.8% at $11.08 a share.

Posted-In: Analyst Color Commodities Markets Analyst Ratings

 

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