Agnico Eagle Mines (NYSE:AEM) Issues Quarterly Earnings Results

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) released its quarterly earnings data on Thursday. The mining company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.16, Briefing.com reports. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.78 billion. Agnico Eagle Mines had a return on equity of 5.54% and a net margin of 29.29%. The company’s revenue was up 21.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.57 EPS.

Agnico Eagle Mines Stock Performance

AEM stock traded up $1.19 during trading on Friday, reaching $66.13. 3,206,566 shares of the company’s stock were exchanged, compared to its average volume of 3,302,541. The company has a quick ratio of 0.74, a current ratio of 2.09 and a debt-to-equity ratio of 0.10. Agnico Eagle Mines has a 1-year low of $43.22 and a 1-year high of $67.80. The company’s fifty day moving average price is $56.54 and its 200-day moving average price is $52.46. The firm has a market cap of $32.97 billion, a PE ratio of 16.37, a P/E/G ratio of 0.90 and a beta of 1.06.

Agnico Eagle Mines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $1.60 dividend on an annualized basis and a yield of 2.42%. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 38.93%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AEM shares. CIBC reduced their price objective 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. Jefferies Financial Group boosted their price target on Agnico Eagle Mines from $54.00 to $57.00 and gave the stock a “hold” rating in a research report on Monday. National Bank Financial reissued an “outperform overweight” rating on shares of Agnico Eagle Mines in a research report on Monday, April 8th. TD Securities cut their target price on Agnico Eagle Mines from $64.00 to $62.00 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. Finally, Raymond James upped their target price on Agnico Eagle Mines from $66.00 to $71.00 and gave the company an “outperform” rating in a research report on Friday, January 12th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average 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.