Agnico Eagle Mines (AEM) Scheduled to Post Earnings on Thursday

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) is scheduled to post its quarterly earnings results after the market closes on Thursday, April 25th. Analysts expect Agnico Eagle Mines to post earnings of $0.52 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

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

Shares of NYSE AEM opened at $62.22 on Tuesday. The company’s fifty day moving average price is $55.45 and its 200 day moving average price is $52.16. Agnico Eagle Mines has a 1 year low of $43.22 and a 1 year high of $64.19. The company has a market capitalization of $31.02 billion, a PE ratio of 15.14, a price-to-earnings-growth ratio of 0.96 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.

Agnico Eagle Mines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend was Thursday, February 29th. Agnico Eagle Mines’s payout ratio is 38.93%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. CIBC decreased their price objective on shares of Agnico Eagle Mines from $72.00 to $69.00 and set an “outperform” rating on the stock in a report on Wednesday, February 7th. Raymond James increased their price objective on shares of Agnico Eagle Mines from $66.00 to $71.00 and gave the company an “outperform” rating in a report on Friday, January 12th. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Agnico Eagle Mines in a report on Monday, April 8th. Jefferies Financial Group increased their price objective on shares of Agnico Eagle Mines from $54.00 to $57.00 and gave the company a “hold” rating in a report on Monday. Finally, TD Securities decreased their price target on shares of 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. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Agnico Eagle Mines currently has a consensus 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.