Agnico Eagle Mines (AEM) to Release Earnings on Thursday

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM will be posting its quarterly earnings results after the market closes on Thursday, April 25th. Analysts expect Agnico Eagle Mines to post earnings of $0.52 per share for the quarter. Investors interested in listening to the company's conference call can do so using this link.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last announced its quarterly earnings data on Friday, February 16th. The mining company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.09. Agnico Eagle Mines had a return on equity of 5.54% and a net margin of 29.29%. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the prior year, the business earned $0.41 EPS. The business's revenue for the quarter was up 26.9% on a year-over-year basis. On average, analysts expect Agnico Eagle Mines to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.


Agnico Eagle Mines Stock Up 1.6 %

NYSE:AEM traded up $0.99 on Thursday, hitting $63.48. 3,613,682 shares of the company's stock traded hands, compared to its average volume of 3,278,829. The company has a market cap of $31.65 billion, a PE ratio of 15.20, a price-to-earnings-growth ratio of 0.92 and a beta of 1.06. Agnico Eagle Mines has a 1 year low of $43.22 and a 1 year high of $64.19. The company has a current ratio of 2.09, a quick ratio of 0.74 and a debt-to-equity ratio of 0.10. The firm has a 50-day moving average price of $54.48 and a 200-day moving average price of $51.70.

Agnico Eagle Mines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend was Thursday, February 29th. Agnico Eagle Mines's payout ratio is presently 38.93%.

Institutional Investors Weigh In On Agnico Eagle Mines

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Arkos Global Advisors acquired a new position in Agnico Eagle Mines during the fourth quarter valued at approximately $225,000. Mercer Global Advisors Inc. ADV acquired a new position in Agnico Eagle Mines in the 4th quarter valued at $503,000. Ruggaard & Associates LLC raised its holdings in Agnico Eagle Mines by 5.5% in the 4th quarter. Ruggaard & Associates LLC now owns 12,474 shares of the mining company's stock worth $684,000 after acquiring an additional 650 shares during the period. Heathbridge Capital Management Ltd. acquired a new position in Agnico Eagle Mines during the 4th quarter worth $15,542,000. Finally, Legal & General Group Plc boosted its holdings in Agnico Eagle Mines by 26.1% during the fourth quarter. Legal & General Group Plc now owns 3,638,104 shares of the mining company's stock valued at $200,440,000 after acquiring an additional 753,001 shares during the period. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on AEM shares. Jefferies Financial Group began coverage on shares of Agnico Eagle Mines in a research note on Thursday, February 29th. They set a "hold" rating and a $54.00 target price for the company. National Bank Financial reaffirmed an "outperform overweight" rating on shares of Agnico Eagle Mines in a research report on Monday, April 8th. Raymond James lifted their price target on Agnico Eagle Mines from $66.00 to $71.00 and gave the company an "outperform" rating in a report on Friday, January 12th. CIBC dropped their price objective on Agnico Eagle Mines from $72.00 to $69.00 and set an "outperform" rating on the stock in a report on Wednesday, February 7th. Finally, TD Securities reduced their target price on shares of 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 investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $63.71.

Get Our Latest Stock Report on AEM

About Agnico Eagle Mines

(Get Free Report)

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.

See Also

Earnings History for Agnico Eagle Mines (NYSE:AEM)

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