Agnico Eagle Mines (NYSE:AEM) Issues Earnings Results

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) announced its quarterly earnings results on Thursday. The mining company reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.70 by ($0.44), Zacks reports. Agnico Eagle Mines had a return on equity of 8.88% and a net margin of 12.86%.

Agnico Eagle Mines Price Performance

AEM traded down $5.06 during midday trading on Friday, hitting $95.75. 4,623,011 shares of the company traded hands, compared to its average volume of 1,902,290. The company has a current ratio of 1.75, a quick ratio of 0.83 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $48.09 billion, a price-to-earnings ratio of 47.87, a PEG ratio of 0.66 and a beta of 1.10. Agnico Eagle Mines has a 52-week low of $45.75 and a 52-week high of $101.45. The business has a 50 day simple moving average of $86.51 and a two-hundred day simple moving average of $83.16.

Agnico Eagle Mines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.60 annualized dividend and a yield of 1.67%. Agnico Eagle Mines’s dividend payout ratio is presently 80.00%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on AEM shares. Scotiabank upped their price target on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 21st. Jefferies Financial Group upped their price target on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a research note on Tuesday, January 7th. Finally, Royal Bank of Canada upped their price target on shares of Agnico Eagle Mines from $96.00 to $105.00 and gave the company an “outperform” rating in a research note on Tuesday. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Agnico Eagle Mines presently has an average rating of “Moderate Buy” and an average target price of $92.75.

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.