Agnico Eagle Mines (AEM) to Release 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 issued its quarterly earnings data on Thursday, February 15th. The company reported C$0.78 earnings per share 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 business had revenue of C$2.39 billion during the quarter, compared to analysts’ expectations of C$2.04 billion.

Agnico Eagle Mines Stock Down 2.9 %

TSE AEM opened at C$85.30 on Tuesday. 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 has a 1-year low of C$59.36 and a 1-year high of C$88.27. The company has a current ratio of 2.09, a quick ratio of 0.89 and a debt-to-equity ratio of 10.32. The company has a 50 day moving average of C$75.30 and a 200-day moving average of C$70.69.

Agnico Eagle Mines Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $0.537 per share. This represents a $2.15 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend was Thursday, February 29th. Agnico Eagle Mines’s dividend payout ratio (DPR) is currently 39.74%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on AEM shares. Stifel Nicolaus boosted their target price on shares of Agnico Eagle Mines from C$94.00 to C$104.00 and gave the company a “buy” rating in a research report on Friday. National Bank Financial restated an “outperform overweight” rating on shares of Agnico Eagle Mines in a research note on Monday, April 8th. TD Securities cut their target price on shares of Agnico Eagle Mines to C$62.00 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. Eight Capital upped their price target on shares of Agnico Eagle Mines from C$92.00 to C$105.00 and gave the stock a “buy” rating in a report on Monday. Finally, Cormark lowered their target price on Agnico Eagle Mines from C$97.00 to C$90.00 in a report on Tuesday, February 20th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$95.75.

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.