Agnico-Eagle Mines Limited (AEM) Scheduled to Post Earnings on Wednesday
Agnico-Eagle Mines Limited (NYSE:AEM) is scheduled to post its Q313 quarterly earnings results on Wednesday, October 23rd. Analysts expect Agnico-Eagle Mines Limited to post earnings of $0.09 per share and revenue of $369.26 million for the quarter.
Agnico-Eagle Mines Limited (NYSE:AEM) last announced its earnings results on Wednesday, July 24th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by $0.11. The company had revenue of $336.40 million for the quarter, compared to the consensus estimate of $360.07 million. During the same quarter last year, the company posted $0.40 earnings per share. Agnico-Eagle Mines Limited’s revenue was down 26.8% compared to the same quarter last year. On average, analysts expect Agnico-Eagle Mines Limited to post $0.50 EPS for the current fiscal year and $0.67 EPS for the next fiscal year.
Shares of Agnico-Eagle Mines Limited (NYSE:AEM) traded up 4.65% during mid-day trading on Tuesday, hitting $26.5186. 1,739,915 shares of the company’s stock traded hands. Agnico-Eagle Mines Limited has a one year low of $23.77 and a one year high of $57.35. The stock’s 50-day moving average is $26.65 and its 200-day moving average is $29.3. The company has a market cap of $4.585 billion and a price-to-earnings ratio of 23.16.
A number of research firms have recently commented on AEM. Analysts at HSBC upgraded shares of Agnico-Eagle Mines Limited from an “underweight” rating to a “neutral” rating in a research note to investors on Monday. They now have a $28.20 price target on the stock. On a related note, analysts at Raymond James upgraded shares of Agnico-Eagle Mines Limited from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday, October 10th. Finally, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Agnico-Eagle Mines Limited in a research note to investors on Friday, September 20th. They set a “neutral” rating on the stock. Fifteen equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $37.52.
Agnico-Eagle Mines Limited (NYSE:AEM) is a Canada-based international gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States.
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