Agnico Eagle Mines (AEM) Scheduled to Post Quarterly Earnings on Thursday

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) is set to post its quarterly earnings results after the market closes on Thursday, April 25th. Analysts expect Agnico Eagle Mines to post earnings of $0.52 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings data on Friday, February 16th. The mining company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.48 by $0.09. Agnico Eagle Mines had a return on equity of 5.54% and a net margin of 29.29%. The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same period last year, the company earned $0.41 earnings per share. Agnico Eagle Mines’s quarterly revenue was up 26.9% compared to the same quarter last year. On average, analysts expect Agnico Eagle Mines to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Agnico Eagle Mines Stock Up 1.2 %

Shares of AEM opened at $62.49 on Thursday. The company has a current ratio of 2.09, a quick ratio of 0.74 and a debt-to-equity ratio of 0.10. Agnico Eagle Mines has a 12 month low of $43.22 and a 12 month high of $64.19. The stock’s 50 day moving average is $54.48 and its two-hundred day moving average is $51.70. The firm has a market cap of $31.16 billion, a P/E ratio of 15.20, a PEG ratio of 0.92 and a beta of 1.06.

Agnico Eagle Mines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend was Thursday, February 29th. Agnico Eagle Mines’s payout ratio is currently 38.93%.

Hedge Funds Weigh In On Agnico Eagle Mines

A number of institutional investors have recently added to or reduced their stakes in AEM. IHT Wealth Management LLC raised its position in Agnico Eagle Mines by 1.5% in the fourth quarter. IHT Wealth Management LLC now owns 14,049 shares of the mining company’s stock valued at $988,000 after purchasing an additional 208 shares during the period. Geneos Wealth Management Inc. raised its position in Agnico Eagle Mines by 34.9% in the first quarter. Geneos Wealth Management Inc. now owns 1,016 shares of the mining company’s stock valued at $62,000 after purchasing an additional 263 shares during the period. Quilter Plc purchased a new stake in Agnico Eagle Mines in the first quarter valued at $204,981,000. Harbour Investments Inc. raised its position in Agnico Eagle Mines by 98.1% in the second quarter. Harbour Investments Inc. now owns 935 shares of the mining company’s stock valued at $47,000 after purchasing an additional 463 shares during the period. Finally, Coppell Advisory Solutions Corp. acquired a new stake in shares of Agnico Eagle Mines in the fourth quarter valued at $26,000. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on AEM shares. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Agnico Eagle Mines in a research note on Monday, April 8th. CIBC lowered their price target 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. Raymond James lifted their price target on Agnico Eagle Mines from $66.00 to $71.00 and gave the stock an “outperform” rating in a research note on Friday, January 12th. TD Securities lowered their price target 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. Finally, Jefferies Financial Group started coverage on Agnico Eagle Mines in a research note on Thursday, February 29th. They issued a “hold” rating and a $54.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $63.71.

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.