Agnico Eagle Mines (NYSE:AEM) Announces Earnings Results

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) released its quarterly earnings results on Thursday. The mining company reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.44), Zacks reports. Agnico Eagle Mines had a net margin of 12.86% and a return on equity of 8.88%.

Agnico Eagle Mines Price Performance

Shares of NYSE:AEM traded down $5.06 on Friday, reaching $95.75. The company’s stock had a trading volume of 4,623,011 shares, compared to its average volume of 1,902,290. Agnico Eagle Mines has a 52-week low of $45.75 and a 52-week high of $101.45. The company has a market cap of $48.09 billion, a P/E ratio of 47.87, a PEG ratio of 0.66 and a beta of 1.10. The company has a 50-day simple moving average of $86.51 and a 200 day simple moving average of $83.16. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.83 and a current ratio of 1.75.

Agnico Eagle Mines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a yield of 1.67%. Agnico Eagle Mines’s dividend payout ratio is currently 80.00%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AEM. Scotiabank upped their target price on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 21st. Royal Bank of Canada upped their price objective on shares of Agnico Eagle Mines from $96.00 to $105.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Jefferies Financial Group increased their price target on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a research note on Tuesday, January 7th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.75.

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.