Agnico Eagle Mines (AEM) Set to Announce Earnings on Thursday

Agnico Eagle Mines (TSE:AEM - Get Free Report) NYSE: AEM will post its quarterly earnings results 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 - Get Free Report) NYSE: AEM last released its quarterly earnings results on Thursday, February 15th. The company reported C$0.78 earnings per share for the quarter, beating 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 company had revenue of C$2.39 billion during the quarter, compared to analysts' expectations of C$2.04 billion.

Agnico Eagle Mines Stock Up 1.5 %

Shares of TSE:AEM traded up C$1.31 during midday trading on Thursday, reaching C$87.39. 1,220,520 shares of the company were exchanged, compared to its average volume of 1,450,302. The firm has a market cap of C$43.54 billion, a PE ratio of 16.15, a P/E/G ratio of 22.97 and a beta of 1.07. Agnico Eagle Mines has a fifty-two week low of C$59.36 and a fifty-two week high of C$88.27. The stock has a fifty day simple moving average of C$73.88 and a two-hundred day simple moving average of C$70.06. The company has a quick ratio of 0.89, a current ratio of 2.09 and a debt-to-equity ratio of 10.32.

Agnico Eagle Mines Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $0.537 dividend. This represents a $2.15 annualized dividend and a dividend yield of 2.46%. The ex-dividend date was Thursday, February 29th. Agnico Eagle Mines's dividend payout ratio is 39.74%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AEM. Cormark decreased their price objective on Agnico Eagle Mines from C$97.00 to C$90.00 in a report on Tuesday, February 20th. National Bank Financial reiterated an "outperform overweight" rating on shares of Agnico Eagle Mines in a report on Monday, April 8th. National Bankshares increased their target price on shares of Agnico Eagle Mines from C$84.00 to C$85.00 and gave the stock an "outperform" rating in a report on Tuesday, February 20th. Veritas Investment Research lifted their price target on shares of Agnico Eagle Mines from C$88.40 to C$118.00 in a research note on Friday, April 12th. Finally, Stifel Nicolaus increased their price objective on shares of Agnico Eagle Mines from C$91.00 to C$94.00 and gave the stock a "buy" rating in a research note on Friday, January 26th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Agnico Eagle Mines presently has an average rating of "Buy" and an average price target of C$87.25.

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.