Agnico Eagle Mines (NYSE:AEM) Releases Earnings Results
Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) issued its quarterly earnings data on Wednesday. The mining company reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.01, MarketWatch Earnings reports. The company had revenue of $557.18 million for the quarter, compared to analysts’ expectations of $545.82 million. Agnico Eagle Mines had a return on equity of 5.18% and a net margin of 15.74%. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.12 earnings per share.
Agnico Eagle Mines stock traded up $1.15 during midday trading on Thursday, hitting $74.44. The stock had a trading volume of 108,200 shares, compared to its average volume of 1,263,537. The company has a current ratio of 2.76, a quick ratio of 2.01 and a debt-to-equity ratio of 0.49. The stock has a market cap of $17.98 billion, a P/E ratio of 42.36, a P/E/G ratio of 41.98 and a beta of 0.70. Agnico Eagle Mines has a 12 month low of $31.00 and a 12 month high of $75.68. The business has a fifty day moving average price of $63.76 and a 200 day moving average price of $57.28.
A number of research analysts have commented on AEM shares. Barclays boosted their price objective on Agnico Eagle Mines from $68.00 to $71.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. Scotiabank upgraded Agnico Eagle Mines from a “sector perform” rating to a “sector outperform” rating in a research note on Thursday. CIBC reiterated a “buy” rating and issued a $74.00 price target on shares of Agnico Eagle Mines in a research note on Friday, May 1st. Raymond James boosted their price target on Agnico Eagle Mines from $65.00 to $76.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 15th. Finally, TheStreet upgraded Agnico Eagle Mines from a “c+” rating to a “b-” rating in a research note on Thursday, May 14th. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $72.58.
Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. The company operates through Northern Business and Southern Business segments. It primarily produces and sells gold deposit, as well as explores for silver, zinc, and copper deposits.
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