Agnico Eagle Mines (AEM) Set to Announce Quarterly Earnings on Thursday

Agnico Eagle Mines (NYSE:AEMGet Rating) (TSE:AEM) will be posting its quarterly earnings results after the market closes on Thursday, April 28th. Analysts expect Agnico Eagle Mines to post earnings of $0.43 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Agnico Eagle Mines (NYSE:AEMGet Rating) (TSE:AEM) last released its quarterly earnings data on Wednesday, February 23rd. The mining company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.09). The firm had revenue of $949.10 million during the quarter, compared to analyst estimates of $932.93 million. Agnico Eagle Mines had a net margin of 14.16% and a return on equity of 10.03%. During the same period in the prior year, the firm earned $0.67 earnings per share. On average, analysts expect Agnico Eagle Mines to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

NYSE AEM opened at $64.89 on Thursday. The firm has a market capitalization of $15.93 billion, a P/E ratio of 29.36, a P/E/G ratio of 31.23 and a beta of 0.86. Agnico Eagle Mines has a 1-year low of $45.42 and a 1-year high of $74.50. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.71 and a quick ratio of 0.56. The business’s 50-day simple moving average is $59.41 and its 200-day simple moving average is $54.70.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 15th. Stockholders of record on Monday, March 7th were paid a $0.40 dividend. This is a positive change from Agnico Eagle Mines’s previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend was Friday, March 4th. Agnico Eagle Mines’s payout ratio is currently 72.40%.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vident Investment Advisory LLC raised its position in shares of Agnico Eagle Mines by 56.8% in the 4th quarter. Vident Investment Advisory LLC now owns 10,186 shares of the mining company’s stock valued at $542,000 after purchasing an additional 3,690 shares in the last quarter. Wealthsource Partners LLC bought a new stake in shares of Agnico Eagle Mines in the 4th quarter valued at approximately $213,000. Comerica Bank increased its holdings in shares of Agnico Eagle Mines by 6.3% in the 4th quarter. Comerica Bank now owns 4,327 shares of the mining company’s stock valued at $218,000 after acquiring an additional 257 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its holdings in shares of Agnico Eagle Mines by 57.1% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 7,757 shares of the mining company’s stock valued at $413,000 after acquiring an additional 2,820 shares during the last quarter. Finally, Peapack Gladstone Financial Corp increased its holdings in shares of Agnico Eagle Mines by 18.0% in the 4th quarter. Peapack Gladstone Financial Corp now owns 4,915 shares of the mining company’s stock valued at $261,000 after acquiring an additional 750 shares during the last quarter. 64.62% of the stock is currently owned by institutional investors.

Several equities analysts have recently weighed in on the company. Raymond James lifted their price objective on Agnico Eagle Mines from C$65.00 to C$76.00 in a research note on Wednesday. BMO Capital Markets reduced their price target on Agnico Eagle Mines from $93.00 to $88.00 in a research report on Friday, February 25th. Barclays raised Agnico Eagle Mines from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $67.00 to $69.00 in a research report on Thursday, February 3rd. TD Securities reduced their price target on Agnico Eagle Mines from $65.00 to $62.00 and set a “buy” rating on the stock in a research report on Tuesday, March 1st. Finally, Canaccord Genuity Group reduced their price target on Agnico Eagle Mines from C$90.00 to C$84.00 and set a “buy” rating on the stock in a research report on Tuesday, March 1st. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $84.59.

About Agnico Eagle Mines (Get Rating)

Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Sweden, 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.

Further Reading

Earnings History for Agnico Eagle Mines (NYSE:AEM)

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.