Agnico Eagle Mines (AEM) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) issued its quarterly earnings data on Wednesday. The mining company reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.02, Briefing.com reports. Agnico Eagle Mines had a return on equity of 5.61% and a net margin of 12.47%. The company had revenue of $565.25 million during the quarter, compared to analyst estimates of $552.10 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. Agnico Eagle Mines’s revenue was up 13.2% compared to the same quarter last year.

Shares of Agnico Eagle Mines (NYSE:AEM) opened at $45.49 on Thursday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.70 and a current ratio of 3.85. Agnico Eagle Mines has a 52 week low of $39.30 and a 52 week high of $51.86. The firm has a market capitalization of $10,175.08, a P/E ratio of 38.88, a price-to-earnings-growth ratio of 42.71 and a beta of -0.60.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, February 22nd will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.97%. Agnico Eagle Mines’s payout ratio is currently 37.61%.

Several equities analysts recently weighed in on AEM shares. TD Securities set a $53.00 target price on Agnico Eagle Mines and gave the company a “hold” rating in a research report on Thursday, October 19th. Royal Bank of Canada set a $53.00 price objective on Agnico Eagle Mines and gave the company a “hold” rating in a research report on Monday, October 23rd. BMO Capital Markets set a $47.00 price objective on Agnico Eagle Mines and gave the company a “hold” rating in a research report on Tuesday, November 14th. Desjardins restated a “buy” rating on shares of Agnico Eagle Mines in a research report on Monday, December 11th. Finally, Credit Suisse Group restated a “buy” rating and issued a $62.00 price objective (up from $59.00) on shares of Agnico Eagle Mines in a research report on Friday, December 22nd. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $58.05.

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Agnico Eagle Mines Company Profile

Agnico Eagle Mines Ltd is a Canada-based gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut, as well as exploration activities in Canada, Europe, Latin America and the United States. It operates through the business units: Northern Business, which consists of its operations in Canada and Finland, such as the LaRonde mine, the Lapa mine, the Goldex mine, the Meadowbank mine, the Meliadine project and the Malartic Mine in Canada, as well as the Kittila mine in Finland; Southern Business, which consists of its operations in Mexico, such as the Pinos Altos mine that includes the Creston Mascota deposit and the La India mine owned by its indirect subsidiary, as well as Exploration Group, which focuses on the identification of new mineral reserves and mineral resources, and new development opportunities in gold producing regions.

Earnings History for Agnico Eagle Mines (NYSE:AEM)

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