Agnico Eagle Mines (AEM) Announces Quarterly Earnings Results, Beats Estimates By $0.02 EPS
Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) posted its earnings results on Wednesday. The mining company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.19 by $0.02, Briefing.com reports. The firm had revenue of $565.25 million for the quarter, compared to analyst estimates of $552.10 million. Agnico Eagle Mines had a return on equity of 5.61% and a net margin of 12.47%. Agnico Eagle Mines’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.04 earnings per share.
Agnico Eagle Mines (AEM) traded down $0.43 during midday trading on Thursday, reaching $45.06. 604,616 shares of the company’s stock traded hands, compared to its average volume of 1,288,952. The company has a quick ratio of 2.70, a current ratio of 3.85 and a debt-to-equity ratio of 0.28. Agnico Eagle Mines has a one year low of $39.30 and a one year high of $51.86. The firm has a market capitalization of $10,650.00, a P/E ratio of 38.19, a PEG ratio of 42.71 and a beta of -0.59.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, February 22nd will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.98%. Agnico Eagle Mines’s dividend payout ratio is presently 37.61%.
COPYRIGHT VIOLATION WARNING: This story was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The correct version of this story can be viewed at https://www.thecerbatgem.com/2018/02/15/agnico-eagle-mines-aem-announces-quarterly-earnings-results-beats-estimates-by-0-02-eps.html.
About Agnico Eagle Mines
Agnico Eagle Mines Ltd is a Canada-based gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut, as well as exploration activities in Canada, Europe, Latin America and the United States. It operates through the business units: Northern Business, which consists of its operations in Canada and Finland, such as the LaRonde mine, the Lapa mine, the Goldex mine, the Meadowbank mine, the Meliadine project and the Malartic Mine in Canada, as well as the Kittila mine in Finland; Southern Business, which consists of its operations in Mexico, such as the Pinos Altos mine that includes the Creston Mascota deposit and the La India mine owned by its indirect subsidiary, as well as Exploration Group, which focuses on the identification of new mineral reserves and mineral resources, and new development opportunities in gold producing regions.
Receive News & Ratings for Agnico Eagle Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agnico Eagle Mines and related companies with MarketBeat.com's FREE daily email newsletter.