Agnico Eagle Mines (NYSE:AEM) Releases Quarterly Earnings Results, Beats Estimates By $0.16 EPS

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM announced its quarterly earnings results on Thursday. The mining company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.16, Briefing.com reports. Agnico Eagle Mines had a return on equity of 5.54% and a net margin of 29.29%. The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same quarter in the previous year, the business earned $0.57 EPS. Agnico Eagle Mines's revenue for the quarter was up 21.2% compared to the same quarter last year.

Agnico Eagle Mines Price Performance

Shares of AEM stock traded up $0.57 during trading hours on Friday, reaching $65.51. The company had a trading volume of 5,016,888 shares, compared to its average volume of 3,325,793. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.74 and a current ratio of 2.09. The stock has a fifty day moving average of $56.90 and a 200-day moving average of $52.59. The company has a market capitalization of $32.66 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 0.90 and a beta of 1.06. Agnico Eagle Mines has a 12-month low of $43.22 and a 12-month high of $67.80.

Agnico Eagle Mines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $0.40 dividend. The ex-dividend date was Thursday, February 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.44%. Agnico Eagle Mines's dividend payout ratio (DPR) is presently 38.93%.

Wall Street Analysts Forecast Growth

AEM has been the subject of several recent analyst reports. National Bank Financial restated an "outperform overweight" rating on shares of Agnico Eagle Mines in a research note on Monday, April 8th. CIBC cut their price objective on Agnico Eagle Mines from $72.00 to $69.00 and set an "outperform" rating for the company in a research note on Wednesday, February 7th. Raymond James boosted their price objective on Agnico Eagle Mines from $66.00 to $71.00 and gave the stock an "outperform" rating in a research note on Friday, January 12th. Jefferies Financial Group boosted their price objective on Agnico Eagle Mines from $54.00 to $57.00 and gave the stock a "hold" rating in a research note on Monday. Finally, TD Securities cut their price objective on Agnico Eagle Mines from $64.00 to $62.00 and set a "buy" rating for the company in a research note on Wednesday, February 21st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Agnico Eagle Mines presently has an average rating of "Moderate Buy" and a consensus target price of $64.14.

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.