Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) posted its earnings results on Wednesday. The mining company reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.01, MarketWatch Earnings reports. Agnico Eagle Mines had a return on equity of 5.46% and a net margin of 18.46%. The business had revenue of $557.18 million for the quarter, compared to analysts’ expectations of $545.82 million. During the same quarter in the previous year, the firm earned $0.12 earnings per share. The business’s revenue was up 5.8% compared to the same quarter last year.
NYSE:AEM opened at $79.49 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.27 and a quick ratio of 2.01. The firm has a 50-day moving average of $64.38 and a two-hundred day moving average of $57.43. The stock has a market cap of $19.26 billion, a P/E ratio of 38.97, a PEG ratio of 42.08 and a beta of 0.70. Agnico Eagle Mines has a 1-year low of $31.00 and a 1-year high of $79.55.
AEM has been the topic of several recent research reports. Royal Bank of Canada restated a “hold” rating on shares of Agnico Eagle Mines in a research report on Thursday, April 16th. Raymond James boosted their price target on Agnico Eagle Mines from $76.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday. Zacks Investment Research upgraded Agnico Eagle Mines from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Thursday, April 23rd. Scotiabank upgraded Agnico Eagle Mines from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the company from $65.00 to $72.00 in a research report on Thursday. Finally, TD Securities boosted their price target on Agnico Eagle Mines from $77.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Agnico Eagle Mines currently has an average rating of “Buy” and a consensus price target of $74.92.
Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, 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.
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