Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Analysts at National Bank Financial lowered their FY2023 earnings estimates for Agnico Eagle Mines in a research report issued to clients and investors on Thursday, September 9th. National Bank Financial analyst M. Parkin now expects that the mining company will post earnings per share of $2.68 for the year, down from their prior forecast of $2.77. National Bank Financial has a “Sector Perform” rating and a $90.00 price target on the stock.
Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings results on Tuesday, July 27th. The mining company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.10. The firm had revenue of $966.32 million during the quarter, compared to analyst estimates of $901.42 million. Agnico Eagle Mines had a net margin of 19.78% and a return on equity of 12.01%. During the same period in the previous year, the business posted $0.18 earnings per share.
Shares of NYSE AEM opened at $55.73 on Monday. The firm has a 50 day moving average of $59.48 and a 200 day moving average of $62.66. The company has a current ratio of 1.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $13.61 billion, a price-to-earnings ratio of 18.09, a price-to-earnings-growth ratio of 19.68 and a beta of 0.72. Agnico Eagle Mines has a 12-month low of $54.66 and a 12-month high of $89.23.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 15th. Stockholders of record on Wednesday, September 1st will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend is Tuesday, August 31st. Agnico Eagle Mines’s payout ratio is presently 75.27%.
Institutional investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD grew its holdings in Agnico Eagle Mines by 20.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 599,402 shares of the mining company’s stock worth $34,647,000 after acquiring an additional 99,798 shares in the last quarter. AlphaCrest Capital Management LLC lifted its position in shares of Agnico Eagle Mines by 320.7% during the first quarter. AlphaCrest Capital Management LLC now owns 99,561 shares of the mining company’s stock valued at $5,756,000 after buying an additional 75,895 shares during the last quarter. Euro Pacific Asset Management LLC lifted its position in shares of Agnico Eagle Mines by 3.5% during the second quarter. Euro Pacific Asset Management LLC now owns 212,044 shares of the mining company’s stock valued at $12,818,000 after buying an additional 7,224 shares during the last quarter. Cutler Capital Management LLC lifted its position in shares of Agnico Eagle Mines by 34.7% during the second quarter. Cutler Capital Management LLC now owns 88,930 shares of the mining company’s stock valued at $5,376,000 after buying an additional 22,900 shares during the last quarter. Finally, Stifel Financial Corp lifted its position in shares of Agnico Eagle Mines by 16.7% during the first quarter. Stifel Financial Corp now owns 88,437 shares of the mining company’s stock valued at $5,113,000 after buying an additional 12,633 shares during the last quarter. Institutional investors own 59.30% of the company’s stock.
Agnico Eagle Mines Company Profile
Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Sweden, and Finland. The company operates through Northern Business and Southern Business segments. It primarily produces and sells gold deposit, as well as explores for silver, zinc, and copper deposits.
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