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

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) is set to 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. Persons that wish to register for the company’s earnings conference call can do so using this link.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings data on Wednesday, July 31st. The mining company reported $1.07 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter last year, the firm posted $0.65 earnings per share. The business’s revenue for the quarter 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 Trading Down 1.2 %

NYSE AEM opened at $86.88 on Monday. The firm has a 50 day simple moving average of $81.78 and a 200-day simple moving average of $73.41. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 1.51. Agnico Eagle Mines has a one year low of $44.37 and a one year high of $89.00. The firm has a market cap of $43.46 billion, a price-to-earnings ratio of 91.45, a PEG ratio of 0.71 and a beta of 1.10.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AEM. Scotiabank raised their price objective on shares of Agnico Eagle Mines from $81.00 to $94.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. Jefferies Financial Group raised their target price on shares of Agnico Eagle Mines from $68.00 to $85.00 and gave the company a “hold” rating in a report on Friday, October 4th. CIBC raised their target price on shares of Agnico Eagle Mines from $81.00 to $101.00 and gave the company an “outperformer” rating in a report on Wednesday, July 10th. TD Securities raised their target price on shares of Agnico Eagle Mines from $90.00 to $91.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, UBS Group started coverage on shares of Agnico Eagle Mines in a report on Tuesday, September 17th. They issued a “buy” rating and a $95.00 target price on the stock. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $86.78.

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.