Agnico Eagle Mines (AEM) Set to Announce Earnings on Wednesday

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) will release its earnings data after the market closes on Wednesday, October 30th. Analysts expect Agnico Eagle Mines to post earnings of $0.92 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings results on Wednesday, July 31st. The mining company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.14. Agnico Eagle Mines had a net margin of 8.44% and a return on equity of 7.16%. The business had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter in the prior year, the firm posted $0.65 earnings per share. The business’s quarterly revenue was up 20.9% compared to the same quarter last year. On average, analysts expect Agnico Eagle Mines to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Agnico Eagle Mines Price Performance

Shares of NYSE:AEM opened at $87.99 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.06. The stock’s 50 day moving average is $81.02 and its 200-day moving average is $72.67. The firm has a market capitalization of $44.02 billion, a price-to-earnings ratio of 92.62, a PEG ratio of 0.71 and a beta of 1.10. Agnico Eagle Mines has a twelve month low of $44.37 and a twelve month high of $88.22.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. CIBC lifted their target price on shares of Agnico Eagle Mines from $81.00 to $101.00 and gave the stock an “outperformer” rating in a research note on Wednesday, July 10th. Scotiabank raised their price objective on Agnico Eagle Mines from $81.00 to $94.00 and gave the company a “sector outperform” rating in a report on Monday, August 19th. UBS Group initiated coverage on Agnico Eagle Mines in a research report on Tuesday, September 17th. They issued a “buy” rating and a $95.00 target price for the company. Jefferies Financial Group boosted their price objective on shares of Agnico Eagle Mines from $68.00 to $85.00 and gave the stock a “hold” rating in a report on Friday, October 4th. Finally, StockNews.com upgraded shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating in a research report on Thursday, June 27th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $86.78.

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.