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S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
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Analysts Expect Agnico Eagle Mines Limited (NYSE:AEM) Will Post Earnings of $0.78 Per Share

Tuesday, February 23, 2021 | MarketBeat

Brokerages expect that Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) will report earnings of $0.78 per share for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Agnico Eagle Mines' earnings, with estimates ranging from $0.75 to $0.83. Agnico Eagle Mines posted earnings of $0.23 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 239.1%. The firm is scheduled to issue its next quarterly earnings results on Thursday, April 29th.

On average, analysts expect that Agnico Eagle Mines will report full year earnings of $3.48 per share for the current year, with EPS estimates ranging from $3.02 to $3.81. For the next year, analysts anticipate that the company will post earnings of $3.36 per share, with EPS estimates ranging from $3.19 to $3.49. Zacks Investment Research's EPS averages are an average based on a survey of sell-side research firms that follow Agnico Eagle Mines.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its earnings results on Thursday, February 11th. The mining company reported $0.67 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.65 by $0.02. Agnico Eagle Mines had a return on equity of 7.22% and a net margin of 21.54%. During the same period in the prior year, the company earned $0.37 earnings per share.

AEM has been the subject of several research analyst reports. National Bank Financial reaffirmed an "outperform" rating on shares of Agnico Eagle Mines in a research note on Tuesday, February 2nd. TD Securities reaffirmed a "buy" rating on shares of Agnico Eagle Mines in a research report on Thursday, February 18th. Canaccord Genuity reiterated a "buy" rating and issued a $120.00 price target on shares of Agnico Eagle Mines in a report on Friday, February 5th. Raymond James decreased their price objective on Agnico Eagle Mines from $95.00 to $91.00 and set an "outperform" rating for the company in a report on Friday, January 15th. Finally, JPMorgan Chase & Co. initiated coverage on Agnico Eagle Mines in a report on Wednesday, February 10th. They issued a "neutral" rating on the stock. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of "Buy" and an average price target of $86.78.

NYSE:AEM opened at $62.30 on Tuesday. The firm has a market capitalization of $15.17 billion, a P/E ratio of 23.69, a P/E/G ratio of 18.13 and a beta of 0.63. Agnico Eagle Mines has a twelve month low of $31.00 and a twelve month high of $89.23. The company has a fifty day moving average of $69.32 and a 200-day moving average of $74.82. The company has a quick ratio of 1.04, a current ratio of 2.37 and a debt-to-equity ratio of 0.30.

The business also recently declared a quarterly dividend, which will be paid on Monday, March 22nd. Investors of record on Monday, March 1st will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend is Friday, February 26th. Agnico Eagle Mines's payout ratio is currently 144.33%.

Hedge funds have recently made changes to their positions in the company. Glenmede Trust Co. NA grew its position in Agnico Eagle Mines by 5.4% in the 4th quarter. Glenmede Trust Co. NA now owns 9,599 shares of the mining company's stock worth $676,000 after purchasing an additional 492 shares in the last quarter. Morgan Stanley boosted its stake in shares of Agnico Eagle Mines by 36.4% in the 4th quarter. Morgan Stanley now owns 1,183,912 shares of the mining company's stock worth $83,477,000 after buying an additional 316,228 shares during the last quarter. ADE LLC bought a new position in shares of Agnico Eagle Mines in the fourth quarter valued at approximately $166,000. Paloma Partners Management Co increased its position in shares of Agnico Eagle Mines by 40.0% during the fourth quarter. Paloma Partners Management Co now owns 10,354 shares of the mining company's stock valued at $731,000 after acquiring an additional 2,958 shares during the last quarter. Finally, Guggenheim Capital LLC lifted its holdings in Agnico Eagle Mines by 23.9% during the fourth quarter. Guggenheim Capital LLC now owns 132,068 shares of the mining company's stock worth $9,310,000 after acquiring an additional 25,516 shares during the period. Institutional investors own 61.62% of the company's stock.

Agnico Eagle Mines Company Profile

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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