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

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) posted its quarterly earnings data on Thursday. The mining company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.16, Briefing.com reports. The firm had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Agnico Eagle Mines had a net margin of 6.79% and a return on equity of 6.08%. Agnico Eagle Mines’s revenue was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.57 EPS.

Agnico Eagle Mines Stock Up 0.9 %

AEM opened at $65.51 on Friday. 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 P/E ratio of 68.96, a P/E/G ratio of 0.92 and a beta of 1.06. Agnico Eagle Mines has a fifty-two week low of $43.22 and a fifty-two week high of $67.80. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.74 and a current ratio of 2.09.

Agnico Eagle Mines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend was Thursday, February 29th. Agnico Eagle Mines’s payout ratio is 168.42%.

Wall Street Analysts Forecast Growth

AEM has been the topic of a number of recent research reports. TD Securities reduced their price objective on shares of Agnico Eagle Mines from $64.00 to $62.00 and set a “buy” rating on the stock in a research note on Wednesday, February 21st. CIBC reduced their target price 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. Raymond James upped their price target on Agnico Eagle Mines from $66.00 to $71.00 and gave the company an “outperform” rating in a research note on Friday, January 12th. National Bank Financial reiterated an “outperform overweight” rating on shares of Agnico Eagle Mines in a report on Monday, April 8th. Finally, Jefferies Financial Group raised their target price on shares of Agnico Eagle Mines from $54.00 to $57.00 and gave the stock a “hold” rating in a report on Monday, April 22nd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Agnico Eagle Mines has a consensus rating of “Moderate Buy” and a consensus price target of $64.14.

Agnico Eagle Mines Company Profile

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.