Agnico Eagle Mines (NYSE:AEM) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) issued its quarterly earnings results on Thursday. The mining company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.02, reports. Agnico Eagle Mines had a positive return on equity of 3.80% and a negative net margin of 11.06%. The firm had revenue of $753.10 million for the quarter, compared to analyst estimates of $757.48 million. During the same period in the previous year, the company posted $0.14 earnings per share. The company’s quarterly revenue was up 40.0% compared to the same quarter last year.

Shares of AEM stock traded down $9.24 during trading hours on Friday, hitting $49.87. The company had a trading volume of 8,586,905 shares, compared to its average volume of 1,354,037. Agnico Eagle Mines has a 12 month low of $39.66 and a 12 month high of $64.88. The firm has a market capitalization of $14.20 billion, a price-to-earnings ratio of -46.18, a PEG ratio of 33.01 and a beta of -0.35. The firm’s fifty day moving average is $60.41 and its 200 day moving average is $58.70. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.70 and a current ratio of 1.42.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 28th will be paid a $0.20 dividend. This is a positive change from Agnico Eagle Mines’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a dividend yield of 1.60%.

Several brokerages recently issued reports on AEM. Barclays upgraded Agnico Eagle Mines from an “equal weight” rating to an “overweight” rating and set a $92.62 price target on the stock in a research note on Wednesday, December 11th. Zacks Investment Research upgraded Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating and set a $63.00 price target on the stock in a research note on Wednesday. Canaccord Genuity lowered Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research note on Friday. Royal Bank of Canada restated a “hold” rating and set a $61.00 price target on shares of Agnico Eagle Mines in a research note on Sunday, February 9th. Finally, TD Securities lowered Agnico Eagle Mines from a “buy” rating to a “hold” rating and lowered their price target for the company from $74.00 to $63.00 in a research note on Friday. One analyst has rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $75.06.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. The company operates through Northern Business and Southern Business segments. It primarily produces and sells gold deposit, as well as explores for silver, zinc, and copper deposits.

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Earnings History for Agnico Eagle Mines (NYSE:AEM)

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