Agnico Eagle Mines (AEM) Scheduled to Post Quarterly Earnings on Thursday

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) is scheduled to issue its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.52 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings results on Friday, February 16th. The mining company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.09. The business had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Agnico Eagle Mines had a net margin of 29.29% and a return on equity of 5.54%. The firm’s revenue for the quarter was up 26.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.41 earnings per share. On average, analysts expect Agnico Eagle Mines to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Agnico Eagle Mines Stock Performance

NYSE:AEM opened at $62.49 on Thursday. The stock has a market cap of $31.16 billion, a P/E ratio of 15.20, a price-to-earnings-growth ratio of 0.92 and a beta of 1.06. The firm’s fifty day simple moving average is $54.48 and its 200 day simple moving average is $51.70. Agnico Eagle Mines has a twelve month low of $43.22 and a twelve month high of $64.19. The company has a quick ratio of 0.74, a current ratio of 2.09 and a debt-to-equity ratio of 0.10.

Agnico Eagle Mines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend was Thursday, February 29th. Agnico Eagle Mines’s dividend payout ratio (DPR) is currently 38.93%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AEM. CIBC cut their price target on shares of Agnico Eagle Mines from $72.00 to $69.00 and set an “outperform” rating on the stock in a report on Wednesday, February 7th. TD Securities lowered their price objective on Agnico Eagle Mines from $64.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday, February 21st. Raymond James raised their price objective on Agnico Eagle Mines from $66.00 to $71.00 and gave the company an “outperform” rating in a research report on Friday, January 12th. Jefferies Financial Group assumed coverage on Agnico Eagle Mines in a research report on Thursday, February 29th. They set a “hold” rating and a $54.00 price objective for the company. Finally, National Bank Financial reissued an “outperform overweight” rating on shares of Agnico Eagle Mines in a research report on Monday, April 8th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $63.71.

Hedge Funds Weigh In On Agnico Eagle Mines

Several large investors have recently modified their holdings of the stock. Syon Capital LLC bought a new stake in Agnico Eagle Mines in the 4th quarter worth about $201,000. Mitsubishi UFJ Trust & Banking Corp increased its holdings in Agnico Eagle Mines by 37.6% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,795 shares of the mining company’s stock worth $171,000 after buying an additional 764 shares in the last quarter. West Michigan Advisors LLC bought a new stake in Agnico Eagle Mines in the 4th quarter worth about $170,000. Chilton Capital Management LLC bought a new stake in Agnico Eagle Mines in the 1st quarter worth about $144,000. Finally, Castleview Partners LLC bought a new stake in Agnico Eagle Mines in the 1st quarter worth about $118,000. Hedge funds and other institutional investors own 68.34% of the company’s stock.

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.