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

Agnico Eagle Mines (TSE:AEM - Get Free Report) NYSE: AEM is scheduled to announce its earnings results after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of C$1.27 per share for the quarter.

Agnico Eagle Mines (TSE:AEM - Get Free Report) NYSE: AEM last released its quarterly earnings data on Wednesday, July 31st. The company reported C$1.46 EPS for the quarter, beating analysts' consensus estimates of C$1.27 by C$0.19. Agnico Eagle Mines had a return on equity of 3.10% and a net margin of 8.49%. The firm had revenue of C$2.84 billion for the quarter, compared to analysts' expectations of C$2.36 billion.

Agnico Eagle Mines Trading Up 0.8 %

AEM traded up C$1.03 during trading hours on Wednesday, reaching C$122.65. The company's stock had a trading volume of 971,635 shares, compared to its average volume of 1,222,317. The stock has a market cap of C$61.45 billion, a PE ratio of 76.26, a P/E/G ratio of 22.97 and a beta of 1.10. The company has a debt-to-equity ratio of 9.94, a current ratio of 1.51 and a quick ratio of 0.89. Agnico Eagle Mines has a fifty-two week low of C$60.17 and a fifty-two week high of C$122.66. The business's 50-day moving average is C$109.34 and its 200-day moving average is C$98.04.

Agnico Eagle Mines Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were given a $0.547 dividend. This is a positive change from Agnico Eagle Mines's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.19 dividend on an annualized basis and a yield of 1.78%. Agnico Eagle Mines's payout ratio is presently 135.63%.

Insider Transactions at Agnico Eagle Mines

In related news, Senior Officer Carol-Ann Plummer-Theriault sold 25,000 shares of the business's stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of C$101.85, for a total transaction of C$2,546,250.00. In other Agnico Eagle Mines news, Senior Officer Dominique Girard sold 20,000 shares of the company's stock in a transaction on Friday, September 13th. The shares were sold at an average price of C$113.49, for a total value of C$2,269,800.00. Also, Senior Officer Carol-Ann Plummer-Theriault sold 25,000 shares of the company's stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of C$101.85, for a total transaction of C$2,546,250.00. Over the last 90 days, insiders have sold 115,000 shares of company stock valued at $12,518,150. 0.08% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. UBS Group raised Agnico Eagle Mines to a "strong-buy" rating in a research report on Tuesday, September 17th. Stifel Nicolaus boosted their target price on Agnico Eagle Mines from C$114.00 to C$140.00 in a research report on Monday. Eight Capital boosted their target price on Agnico Eagle Mines from C$105.00 to C$115.00 in a research report on Thursday, July 11th. Finally, Canaccord Genuity Group boosted their target price on Agnico Eagle Mines from C$105.00 to C$118.00 in a research report on Tuesday, July 23rd. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of C$110.29.

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.