Agnico Eagle Shares Fall 5.31% as Markets Decline

Agnico Eagle Mines shares fell 5.31% to close at $184.15 in the latest trading session. The gold mining company’s decline was steeper than the S&P 500’s 0.77% loss.

The Dow fell 0.67%, while the Nasdaq dropped 0.92%. Over the past month, Agnico Eagle shares lost 5.71%, compared with a 9.1% decline in the Basic Materials sector and a 0.96% gain for the S&P 500.

For its forthcoming earnings report, analysts expect earnings of $2.45 per share, up 13.43% from a year earlier. The latest consensus estimate puts revenue at $3.53 billion, a 15.49% increase year over year.

For the full fiscal year, Zacks consensus estimates call for earnings of $11.46 per share and revenue of $15.04 billion. Those figures represent projected increases of 38.41% and 26.28%, respectively, from the prior year.