Agnico Eagle Mines Limited (AEM) Receiving Somewhat Favorable Press Coverage, Study Finds
Media coverage about Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) has been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Agnico Eagle Mines Limited earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave news coverage about the mining company an impact score of 46.7011718722781 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Shares of Agnico Eagle Mines Limited (AEM) opened at 45.67 on Wednesday. The stock has a market cap of $10.56 billion, a P/E ratio of 41.98 and a beta of -0.67. The firm has a 50 day moving average of $45.37 and a 200 day moving average of $45.90. Agnico Eagle Mines Limited has a one year low of $35.05 and a one year high of $57.84.
Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings data on Wednesday, July 26th. The mining company reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.10. The company had revenue of $549.88 million for the quarter, compared to analysts’ expectations of $529.43 million. Agnico Eagle Mines Limited had a net margin of 11.32% and a return on equity of 5.38%. The business’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS. On average, equities research analysts predict that Agnico Eagle Mines Limited will post $0.78 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.88%. Agnico Eagle Mines Limited’s dividend payout ratio is currently 36.70%.
Several brokerages have weighed in on AEM. Zacks Investment Research lowered shares of Agnico Eagle Mines Limited from a “buy” rating to a “hold” rating in a research report on Tuesday, May 16th. ValuEngine upgraded shares of Agnico Eagle Mines Limited from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Royal Bank Of Canada set a $54.00 target price on shares of Agnico Eagle Mines Limited and gave the stock a “hold” rating in a research report on Monday, June 12th. Scotiabank upped their target price on shares of Agnico Eagle Mines Limited from $58.00 to $58.50 and gave the stock an “outperform” rating in a research report on Friday, July 28th. Finally, Raymond James Financial, Inc. restated an “outperform” rating and set a $61.00 target price on shares of Agnico Eagle Mines Limited in a research report on Thursday, June 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $54.81.
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Agnico Eagle Mines Limited Company Profile
Agnico Eagle Mines Limited is a gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States. The Company operates through three business units. The Northern Business consists of its operations in Canada and Finland.
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