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

According to CIBC analyst Alec Kodatsky, Agnico-Eagle Mines Ltd. AEM is best positioned to beat Q4 estimates. Kodatsky believes Kinross Gold Corp KGC, New Gold Inc NGD, and Yamana Gold Inc AUY also appear well positioned to meet their earnings estimates. Kodatsky said Barrick Gold Corp ABX has “little breathing room” for operations issues. Iamgold Corp 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.
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