Agnico Eagle Mines (TSE:AEM) Issues Earnings Results

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) posted its quarterly earnings data on Thursday. The company reported C$4.33 earnings per share for the quarter, FiscalAI reports. Agnico Eagle Mines had a return on equity of 22.08% and a net margin of 39.48%.

Agnico Eagle Mines Stock Performance

Shares of AEM opened at C$211.22 on Friday. The company has a market cap of C$105.62 billion, a PE ratio of 19.89, a price-to-earnings-growth ratio of 22.97 and a beta of 1.84. The firm has a 50-day moving average of C$222.15 and a 200-day moving average of C$261.96. Agnico Eagle Mines has a one year low of C$170.89 and a one year high of C$348.94. The company has a debt-to-equity ratio of 1.21, a current ratio of 3.15 and a quick ratio of 0.89.

Agnico Eagle Mines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were paid a $0.45 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. Agnico Eagle Mines’s dividend payout ratio (DPR) is currently 15.54%.

Analysts Set New Price Targets

Several research firms have commented on AEM. JPMorgan Chase & Co. cut their target price on Agnico Eagle Mines from C$321.00 to C$300.00 in a research note on Thursday, April 23rd. National Bank Financial decreased their price target on shares of Agnico Eagle Mines from C$350.00 to C$275.00 and set an “outperform” rating for the company in a research note on Tuesday, July 14th. Stifel Nicolaus lowered their price objective on shares of Agnico Eagle Mines from C$350.00 to C$310.00 in a report on Friday, July 17th. BMO Capital Markets boosted their price objective on shares of Agnico Eagle Mines from C$350.00 to C$370.00 in a research report on Wednesday, April 22nd. Finally, Jefferies Financial Group upgraded shares of Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$295.33.

About Agnico Eagle Mines

Canadian-based and led, Agnico Eagle is Canada’s largest mining company and the second largest gold producer in the world, operating mines in Canada, Australia, Finland and Mexico. The Company is advancing a pipeline of high-quality development projects in these regions to support sustainable growth over the next decade. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading sustainability practices. Agnico Eagle was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.