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

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

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

Agnico Eagle Mines Trading Down 2.9 %

Shares of Agnico Eagle Mines stock opened at C$85.30 on Tuesday. The company’s 50-day moving average price is C$75.30 and its 200-day moving average price is C$70.69. The company has a current ratio of 2.09, a quick ratio of 0.89 and a debt-to-equity ratio of 10.32. Agnico Eagle Mines has a 12-month low of C$59.36 and a 12-month high of C$88.27. The company has a market cap of C$42.50 billion, a price-to-earnings ratio of 15.77, a PEG ratio of 22.97 and a beta of 1.07.

Agnico Eagle Mines Cuts Dividend

The company 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. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.15 dividend on an annualized basis and a dividend yield of 2.52%. Agnico Eagle Mines’s dividend payout ratio (DPR) is currently 39.74%.

Analyst Upgrades and Downgrades

AEM has been the topic of a number of research analyst reports. Stifel Nicolaus upped their target price on Agnico Eagle Mines from C$94.00 to C$104.00 and gave the stock a “buy” rating in a research note on Friday. National Bankshares dropped their target price on Agnico Eagle Mines from C$105.00 to C$104.00 and set an “outperform” rating for the company in a research report on Friday. National Bank Financial reissued an “outperform overweight” rating on shares of Agnico Eagle Mines in a research note on Monday, April 8th. Veritas Investment Research upped their price objective on shares of Agnico Eagle Mines from C$88.40 to C$118.00 in a research note on Friday, April 12th. Finally, TD Securities lowered their price target on shares of Agnico Eagle Mines to C$62.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Agnico Eagle Mines has an average rating of “Buy” and a consensus target price of C$95.75.

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.