Market Overview

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

Share:
Related AEM
Gold ETFs Have Some Famous Hedge Fund Supporters
What's Next For Gold Investors?
Agnico Eagle Mines Proves It's Still One Of The Better Choices On The Market (Seeking Alpha)
Related KGC
Top Performing Industries For July 27, 2015
Dividend Heroes To Zeros: 4 'Stingy' Canadian Stocks
Is Kinross Gold Planning A Coup? (Seeking Alpha)

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.

Latest Ratings for AEM

DateFirmActionFromTo
Jul 2015BarclaysMaintainsEqual-weight
Jul 2015CIBCInitiates Coverage onOutperform
Jul 2015HSBCUpgradesHoldBuy

View More Analyst Ratings for AEM
View the Latest Analyst Ratings

Posted-In: Analyst Color Commodities Markets Analyst Ratings

 

Related Articles (ABX + AEM)

Get Benzinga's Newsletters