Agnico Eagle Mines (NYSE:AEM) Issues Earnings Results

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) issued its quarterly earnings results on Thursday. The mining company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.60 by $0.16, Briefing.com reports. Agnico Eagle Mines had a return on equity of 5.54% and a net margin of 29.29%. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same period in the previous year, the business posted $0.57 EPS. The company’s revenue for the quarter was up 21.2% on a year-over-year basis.

Agnico Eagle Mines Price Performance

Shares of NYSE:AEM traded up $0.57 on Friday, hitting $65.51. The 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 price-to-earnings ratio of 16.04, a price-to-earnings-growth ratio of 0.90 and a beta of 1.06. 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 firm’s 50 day moving average price is $56.54 and its 200-day moving average price is $52.46. Agnico Eagle Mines has a twelve month low of $43.22 and a twelve month high of $67.80.

Agnico Eagle Mines Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Jefferies Financial Group boosted their target price on shares of Agnico Eagle Mines from $54.00 to $57.00 and gave the stock a “hold” rating in a research report on Monday. CIBC cut their price objective on shares of Agnico Eagle Mines from $72.00 to $69.00 and set an “outperform” rating for the company in a research report on Wednesday, February 7th. Raymond James increased their target price on shares of Agnico Eagle Mines from $66.00 to $71.00 and gave the company an “outperform” rating in a research note on Friday, January 12th. TD Securities lowered their price target on Agnico Eagle Mines from $64.00 to $62.00 and set a “buy” rating on the stock in a research note on Wednesday, February 21st. Finally, National Bank Financial reiterated an “outperform overweight” rating on shares of Agnico Eagle Mines in a research report on Monday, April 8th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $64.14.

Agnico Eagle Mines Company Profile

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.