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

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) will announce its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of C$0.70 per share for the quarter.

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

Agnico Eagle Mines Stock Up 0.9 %

Shares of TSE:AEM opened at C$86.08 on Thursday. Agnico Eagle Mines has a one year low of C$59.36 and a one year high of C$88.27. The company has a 50 day moving average of C$73.88 and a 200-day moving average of C$70.06. The company has a debt-to-equity ratio of 10.32, a current ratio of 2.09 and a quick ratio of 0.89. The stock has a market cap of C$42.89 billion, a price-to-earnings ratio of 15.91, a P/E/G ratio of 22.97 and a beta of 1.07.

Agnico Eagle Mines Cuts Dividend

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Veritas Investment Research lifted their price target on shares of Agnico Eagle Mines from C$88.40 to C$118.00 in a research report on Friday, April 12th. Cormark decreased their price objective on shares of Agnico Eagle Mines from C$97.00 to C$90.00 in a report on Tuesday, February 20th. TD Securities decreased their price objective on shares of Agnico Eagle Mines to C$62.00 and set a “buy” rating for the company in a report on Wednesday, February 21st. Stifel Nicolaus boosted their price objective on shares of Agnico Eagle Mines from C$91.00 to C$94.00 and gave the company a “buy” rating in a report on Friday, January 26th. Finally, National Bankshares boosted their price objective on shares of Agnico Eagle Mines from C$84.00 to C$85.00 and gave the company an “outperform” rating in a report on Tuesday, February 20th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Agnico Eagle Mines has a consensus rating of “Buy” and a consensus price target of C$87.25.

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.