Agnico Eagle Mines (AEM) to Release Quarterly Earnings on Wednesday

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of C$1.27 per share for the quarter.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its quarterly earnings data on Wednesday, July 31st. The company reported C$1.46 EPS for the quarter, beating analysts’ consensus estimates of C$1.27 by C$0.19. Agnico Eagle Mines had a net margin of 8.49% and a return on equity of 3.10%. The company had revenue of C$2.84 billion during the quarter, compared to the consensus estimate of C$2.36 billion.

Agnico Eagle Mines Trading Up 1.5 %

Shares of TSE:AEM opened at C$121.62 on Wednesday. Agnico Eagle Mines has a 52-week low of C$60.17 and a 52-week high of C$121.92. The company has a debt-to-equity ratio of 9.94, a quick ratio of 0.89 and a current ratio of 1.51. The company has a market capitalization of C$60.94 billion, a P/E ratio of 76.01, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10. The company has a 50-day simple moving average of C$108.99 and a 200 day simple moving average of C$97.72.

Agnico Eagle Mines Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were given a dividend of $0.547 per share. This represents a $2.19 dividend on an annualized basis and a yield of 1.80%. This is a boost from Agnico Eagle Mines’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, August 30th. Agnico Eagle Mines’s payout ratio is 135.63%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. UBS Group upgraded Agnico Eagle Mines to a “strong-buy” rating in a research note on Tuesday, September 17th. Canaccord Genuity Group increased their price objective on Agnico Eagle Mines from C$105.00 to C$118.00 in a research report on Tuesday, July 23rd. Stifel Nicolaus boosted their target price on shares of Agnico Eagle Mines from C$114.00 to C$140.00 in a research report on Monday. Finally, Eight Capital raised their price target on shares of Agnico Eagle Mines from C$105.00 to C$115.00 in a research report on Thursday, July 11th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$110.29.

Insider Activity at Agnico Eagle Mines

In related news, Director John Merfyn Roberts sold 2,000 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of C$111.84, for a total transaction of C$223,680.00. In other Agnico Eagle Mines news, Senior Officer Carol-Ann Plummer-Theriault sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of C$101.85, for a total value of C$2,546,250.00. Also, Director John Merfyn Roberts sold 2,000 shares of Agnico Eagle Mines stock in a transaction on Friday, August 23rd. The stock was sold at an average price of C$111.84, for a total transaction of C$223,680.00. Insiders sold a total of 115,000 shares of company stock valued at $12,518,150 in the last quarter. Insiders own 0.08% of the company’s stock.

About Agnico Eagle Mines

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.