Agnico Eagle Mines Ltd. (AEM) Stock Price Up 3.4%
Agnico Eagle Mines Ltd. (NYSE:AEM) shares rose 3.4% during mid-day trading on Thursday . The stock traded as high as $52.49 and last traded at $52.39, with a volume of 1,338,094 shares traded. The stock had previously closed at $50.65.
AEM has been the topic of several research reports. Zacks Investment Research downgraded shares of Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research report on Friday, May 6th. BMO Capital Markets downgraded shares of Agnico Eagle Mines from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 12th. Sterne Agee CRT reiterated a “buy” rating on shares of Agnico Eagle Mines in a research report on Monday, May 16th. Credit Suisse Group AG reiterated a “buy” rating on shares of Agnico Eagle Mines in a research report on Saturday, June 4th. Finally, HSBC reiterated a “buy” rating on shares of Agnico Eagle Mines in a research report on Thursday, July 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company. Agnico Eagle Mines presently has a consensus rating of “Buy” and an average price target of $50.91.
The firm has a market capitalization of $11.97 billion and a price-to-earnings ratio of 369.45. The stock has a 50 day moving average price of $55.68 and a 200-day moving average price of $46.48.
Agnico Eagle Mines (NYSE:AEM) last released its earnings results on Thursday, July 28th. The mining company reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.06. The business earned $537.60 million during the quarter, compared to the consensus estimate of $507.37 million. The business’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.09 EPS. Equities analysts anticipate that Agnico Eagle Mines Ltd. will post $0.66 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.75%. This is an increase from Agnico Eagle Mines’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Tuesday, August 30th.
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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