Agnico Eagle Mines (NYSE:AEM) Announces Earnings Results

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM posted its 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 net margin of 12.86% and a return on equity of 8.88%.

Agnico Eagle Mines Price Performance

Shares of Agnico Eagle Mines stock traded down $5.06 during trading hours on Monday, reaching $95.75. 4,623,011 shares of the company's stock were exchanged, compared to its average volume of 1,902,290. Agnico Eagle Mines has a 1 year low of $45.75 and a 1 year high of $101.45. The company has a market capitalization of $48.09 billion, a P/E ratio of 47.87, a price-to-earnings-growth ratio of 0.66 and a beta of 1.10. The business has a fifty day moving average of $86.73 and a two-hundred day moving average of $83.40. The company has a quick ratio of 0.83, a current ratio of 1.75 and a debt-to-equity ratio of 0.06.

Agnico Eagle Mines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend is Friday, February 28th. Agnico Eagle Mines's payout ratio is 80.00%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on AEM shares. Scotiabank boosted 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 report on Tuesday, January 21st. Royal Bank of Canada boosted their price target on shares of Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. Jefferies Financial Group boosted their price target on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a "hold" rating in a report on Tuesday, January 7th. Finally, StockNews.com raised shares of Agnico Eagle Mines from a "buy" rating to a "strong-buy" rating in a report on Monday. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Agnico Eagle Mines presently has an average rating of "Buy" and an average price target of $92.75.

Agnico Eagle Mines Company Profile

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.