Agnico-Eagle Mines Limited (AEM) Announces Quarterly Earnings, Beats Estimates By $0.26 EPS
Agnico-Eagle Mines Limited (NYSE:AEM) released its earnings data on Wednesday. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.26, Analyst Ratings Network.com reports. The company had revenue of $44.30 million for the quarter, compared to the consensus estimate of $369.26 million.
Agnico-Eagle Mines Limited (NYSE:AEM) traded down 2.85% on Wednesday, hitting $25.86. 2,060,966 shares of the company’s stock traded hands. Agnico-Eagle Mines Limited has a 1-year low of $25.00 and a 1-year high of $57.35. The stock’s 50-day moving average is $29.23 and its 200-day moving average is $31.96. The company has a market cap of $4.472 billion and a price-to-earnings ratio of 24.33.
A number of analysts have recently weighed in on AEM shares. 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 the ratings front, 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 company’s stock. The company presently has a consensus rating of “Hold” and a consensus 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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