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

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) will be releasing its earnings data after the market closes on Wednesday, October 30th. Analysts expect Agnico Eagle Mines to post earnings of C$1.27 per share for the quarter.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its quarterly earnings results on Wednesday, July 31st. The company reported C$1.46 earnings per share for the quarter, topping the consensus estimate of C$1.27 by C$0.19. The firm had revenue of C$2.84 billion for the quarter, compared to the consensus estimate of C$2.36 billion. Agnico Eagle Mines had a return on equity of 3.10% and a net margin of 8.49%.

Agnico Eagle Mines Trading Down 0.2 %

AEM opened at C$120.52 on Tuesday. The stock’s fifty day moving average is C$110.49 and its two-hundred day moving average is C$98.90. The company has a market capitalization of C$60.38 billion, a P/E ratio of 75.33, a PEG ratio of 22.97 and a beta of 1.10. Agnico Eagle Mines has a 52 week low of C$60.17 and a 52 week high of C$123.08. The company has a quick ratio of 0.89, a current ratio of 1.51 and a debt-to-equity ratio of 9.94.

Agnico Eagle Mines Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were issued a $0.547 dividend. The ex-dividend date of this dividend was Friday, August 30th. This is an increase from Agnico Eagle Mines’s previous quarterly dividend of $0.40. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.82%. Agnico Eagle Mines’s dividend payout ratio (DPR) is currently 135.63%.

Insiders Place Their Bets

In other news, Senior Officer Jean Robitaille sold 15,000 shares of the company’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of C$113.42, for a total transaction of C$1,701,300.00. In other Agnico Eagle Mines news, Senior Officer Dominique Girard sold 20,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of C$113.49, for a total transaction of C$2,269,800.00. Also, Senior Officer Jean Robitaille sold 15,000 shares of the stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of C$113.42, for a total transaction of C$1,701,300.00. Insiders have sold 115,000 shares of company stock worth $12,518,150 over the last ninety days. Corporate insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on AEM. Eight Capital lifted their price target on Agnico Eagle Mines from C$105.00 to C$115.00 in a research report on Thursday, July 11th. Stifel Nicolaus boosted their price objective on Agnico Eagle Mines from C$114.00 to C$140.00 in a report on Monday, October 21st. UBS Group upgraded Agnico Eagle Mines to a “strong-buy” rating in a research note on Tuesday, September 17th. Finally, Canaccord Genuity Group lifted their price target on Agnico Eagle Mines from C$105.00 to C$118.00 in a research note on Tuesday, July 23rd. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$110.29.

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.