Agnico Eagle Mines (NYSE:AEM) Posts Earnings Results

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) announced its quarterly earnings data on Thursday. The mining company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.16, Briefing.com reports. The company had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Agnico Eagle Mines had a net margin of 29.29% and a return on equity of 5.54%. The business’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.57 EPS.

Agnico Eagle Mines Stock Up 0.9 %

Shares of NYSE:AEM traded up $0.57 during trading on Friday, hitting $65.51. The company’s stock had a trading volume of 5,016,888 shares, compared to its average volume of 3,325,793. The company has a market capitalization of $32.66 billion, a PE ratio of 16.04, a PEG ratio of 0.90 and a beta of 1.06. Agnico Eagle Mines has a fifty-two week low of $43.22 and a fifty-two week high of $67.80. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.74 and a current ratio of 2.09. The stock’s 50-day moving average price is $56.54 and its two-hundred day moving average price is $52.46.

Agnico Eagle Mines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend was Thursday, February 29th. Agnico Eagle Mines’s payout ratio is 38.93%.

Wall Street Analyst Weigh In

AEM has been the subject of several research analyst reports. Jefferies Financial Group upped their price target on Agnico Eagle Mines from $54.00 to $57.00 and gave the stock a “hold” rating in a research note on Monday. CIBC reduced their price target on shares of Agnico Eagle Mines from $72.00 to $69.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 7th. TD Securities dropped their price objective on shares of Agnico Eagle Mines from $64.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday, February 21st. Raymond James upped their price target on shares of Agnico Eagle Mines from $66.00 to $71.00 and gave the stock an “outperform” rating in a research report on Friday, January 12th. Finally, National Bank Financial reaffirmed an “outperform overweight” rating on shares of Agnico Eagle Mines in a research report on Monday, April 8th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.14.

About Agnico Eagle Mines

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.