Agnico Eagle Mines (NYSE:AEM) Posts Quarterly Earnings Results, Beats Estimates By $0.16 EPS

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) posted its quarterly earnings data on Thursday. The mining company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.60 by $0.16, Briefing.com reports. Agnico Eagle Mines had a return on equity of 6.08% and a net margin of 6.79%. The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter last year, the company earned $0.57 earnings per share. The business’s revenue for the quarter was up 21.2% compared to the same quarter last year.

Agnico Eagle Mines Stock Performance

NYSE AEM opened at $65.52 on Friday. The stock has a market capitalization of $32.67 billion, a PE ratio of 68.97, a P/E/G ratio of 0.92 and a beta of 1.06. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.09 and a quick ratio of 0.74. The business has a 50 day simple moving average of $56.90 and a two-hundred day simple moving average of $52.63. Agnico Eagle Mines has a 1-year low of $43.22 and a 1-year high of $67.80.

Agnico Eagle Mines Dividend Announcement

The company also recently declared 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 2.44%. The ex-dividend date was Thursday, February 29th. Agnico Eagle Mines’s dividend payout ratio is presently 168.42%.

Analyst Upgrades and Downgrades

AEM has been the topic of several recent analyst reports. Jefferies Financial Group lifted their target price on Agnico Eagle Mines from $54.00 to $57.00 and gave the company a “hold” rating in a research note on Monday, April 22nd. 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 research note on Wednesday, February 7th. 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 research note on Wednesday, February 21st. Raymond James lifted their target price on Agnico Eagle Mines from $66.00 to $71.00 and gave the company an “outperform” rating in a research note on Friday, January 12th. Finally, National Bank Financial reissued an “outperform overweight” rating on shares of Agnico Eagle Mines in a research note on Monday, April 8th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $64.14.

Agnico Eagle Mines Company Profile

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.