Agnico Eagle Mines Limited (AEM) Scheduled to Post Earnings on Wednesday
Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) is set to post its quarterly earnings results after the market closes on Wednesday, October 25th. Analysts expect Agnico Eagle Mines Limited to post earnings of $0.12 per share for the quarter.
Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) last released its quarterly earnings results on Wednesday, July 26th. The mining company reported $0.26 EPS for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.10. The company had revenue of $549.88 million for the quarter, compared to analyst estimates of $529.43 million. Agnico Eagle Mines Limited had a return on equity of 5.38% and a net margin of 11.32%. Agnico Eagle Mines Limited’s revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.16 earnings per share. On average, analysts expect Agnico Eagle Mines Limited to post $0.81 EPS for the current fiscal year and $0.85 EPS for the next fiscal year.
Shares of Agnico Eagle Mines Limited (NYSE AEM) opened at 45.08 on Wednesday. The firm has a market cap of $10.14 billion, a price-to-earnings ratio of 64.40 and a beta of -0.76. The stock’s 50 day moving average price is $47.80 and its 200-day moving average price is $46.73. Agnico Eagle Mines Limited has a 52-week low of $35.05 and a 52-week high of $53.17.
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Several equities research analysts recently commented on the company. Credit Suisse Group set a $64.00 target price on Agnico Eagle Mines Limited and gave the company a “buy” rating in a research report on Sunday, September 10th. Zacks Investment Research upgraded Agnico Eagle Mines Limited from a “hold” rating to a “strong-buy” rating and set a $51.00 target price on the stock in a research report on Friday, July 14th. BMO Capital Markets set a $47.00 target price on Agnico Eagle Mines Limited and gave the company a “hold” rating in a research report on Tuesday, August 22nd. National Bank Financial raised Agnico Eagle Mines Limited from a “sector perform” rating to an “outperform” rating in a research note on Monday, July 24th. Finally, ValuEngine raised Agnico Eagle Mines Limited from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $54.44.
About Agnico Eagle Mines Limited
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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