Agnico Eagle Mines (AEM) to Release Quarterly Earnings on Thursday

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) is set to announce its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.52 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings results on Friday, February 16th. The mining company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.09. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.72 billion. Agnico Eagle Mines had a return on equity of 5.54% and a net margin of 29.29%. The firm’s quarterly revenue was up 26.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.41 EPS. On average, analysts expect Agnico Eagle Mines to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Agnico Eagle Mines Stock Performance

Agnico Eagle Mines stock opened at $62.92 on Wednesday. The company has a quick ratio of 0.74, a current ratio of 2.09 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $31.37 billion, a P/E ratio of 15.31, a PEG ratio of 0.96 and a beta of 1.06. The stock’s 50 day moving average is $55.81 and its 200 day moving average is $52.29. Agnico Eagle Mines has a twelve month low of $43.22 and a twelve month high of $64.19.

Agnico Eagle Mines Dividend Announcement

The firm also recently announced 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 2.54%. Agnico Eagle Mines’s dividend payout ratio is 38.93%.

Analyst Upgrades and Downgrades

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