Agnico Eagle Mines (AEM) to Release Earnings on Thursday

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) is set to release its earnings data after the market closes on Thursday, April 25th. Analysts expect Agnico Eagle Mines to post earnings of C$0.70 per share for the quarter.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last posted its earnings results on Thursday, February 15th. The company reported C$0.78 EPS for the quarter, beating the consensus estimate of C$0.65 by C$0.13. The firm had revenue of C$2.39 billion for the quarter, compared to analyst estimates of C$2.04 billion. Agnico Eagle Mines had a return on equity of 10.89% and a net margin of 29.29%.

Agnico Eagle Mines Stock Performance

TSE:AEM opened at C$85.96 on Wednesday. The firm has a market capitalization of C$42.83 billion, a PE ratio of 15.89, a price-to-earnings-growth ratio of 22.97 and a beta of 1.07. The business’s fifty day moving average price is C$75.80 and its 200 day moving average price is C$70.86. The company has a debt-to-equity ratio of 10.32, a current ratio of 2.09 and a quick ratio of 0.89. Agnico Eagle Mines has a 12 month low of C$59.36 and a 12 month high of C$88.27.

Agnico Eagle Mines Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $0.537 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.15 annualized dividend and a yield of 2.50%. Agnico Eagle Mines’s dividend payout ratio is presently 39.74%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AEM shares. National Bank Financial reiterated an “outperform overweight” rating on shares of Agnico Eagle Mines in a research note on Monday, April 8th. TD Securities reduced their price objective on shares of Agnico Eagle Mines to C$62.00 and set a “buy” rating for the company in a research report on Wednesday, February 21st. Cormark reduced their price objective on shares of Agnico Eagle Mines from C$97.00 to C$90.00 in a research report on Tuesday, February 20th. Eight Capital raised their price objective on shares of Agnico Eagle Mines from C$92.00 to C$105.00 and gave the company a “buy” rating in a research report on Monday. Finally, Veritas Investment Research raised their price objective on shares of Agnico Eagle Mines from C$88.40 to C$118.00 in a research report on Friday, April 12th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Agnico Eagle Mines currently has an average rating of “Buy” and an average target price of C$97.50.

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.