Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Equities research analysts at National Bank Financial issued their Q1 2018 earnings per share (EPS) estimates for shares of Agnico Eagle Mines in a research report issued on Monday, April 9th. National Bank Financial analyst M. Parkin expects that the mining company will earn $0.15 per share for the quarter. National Bank Financial currently has a “Sector Perform” rating on the stock. National Bank Financial also issued estimates for Agnico Eagle Mines’ FY2018 earnings at $0.61 EPS and FY2019 earnings at $0.50 EPS.
Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings results on Wednesday, February 14th. The mining company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. The firm had revenue of $565.25 million during the quarter, compared to analysts’ expectations of $552.10 million. Agnico Eagle Mines had a net margin of 10.88% and a return on equity of 5.19%. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.04 earnings per share.
Shares of AEM stock opened at $43.51 on Wednesday. The firm has a market capitalization of $10,103.73, a price-to-earnings ratio of 39.20, a PEG ratio of 67.34 and a beta of -0.43. The company has a quick ratio of 2.88, a current ratio of 4.38 and a debt-to-equity ratio of 0.28. Agnico Eagle Mines has a one year low of $37.35 and a one year high of $51.86.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, February 22nd were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date was Wednesday, February 28th. Agnico Eagle Mines’s dividend payout ratio is presently 39.64%.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. OLD Mutual Customised Solutions Proprietary Ltd. lifted its stake in shares of Agnico Eagle Mines by 60.3% during the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 11,170 shares of the mining company’s stock worth $517,000 after buying an additional 4,200 shares during the last quarter. KLCM Advisors Inc. lifted its stake in shares of Agnico Eagle Mines by 16.2% during the 4th quarter. KLCM Advisors Inc. now owns 23,000 shares of the mining company’s stock worth $1,062,000 after buying an additional 3,200 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Agnico Eagle Mines by 74.5% during the 4th quarter. Millennium Management LLC now owns 713,834 shares of the mining company’s stock worth $32,965,000 after buying an additional 304,674 shares during the last quarter. Two Sigma Advisers LP lifted its stake in shares of Agnico Eagle Mines by 129.8% during the 4th quarter. Two Sigma Advisers LP now owns 255,129 shares of the mining company’s stock worth $11,805,000 after buying an additional 144,127 shares during the last quarter. Finally, Premia Global Advisors LLC acquired a new stake in shares of Agnico Eagle Mines during the 4th quarter worth about $335,000. Institutional investors own 56.94% of the company’s stock.
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About Agnico Eagle Mines
Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Finland, and Mexico. It operates through three segments: Northern Business, Southern Business, and Exploration. The company primarily produces and sells gold, as well as explores for silver, zinc, and copper.
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