Agnico Eagle Mines (TSE:AEM) Releases Quarterly Earnings Results

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) released its quarterly earnings results on Thursday. The company reported C$4.33 EPS for the quarter, FiscalAI reports. The firm had revenue of C$5.40 billion for the quarter. Agnico Eagle Mines had a return on equity of 22.69% and a net margin of 40.45%.

Agnico Eagle Mines Price Performance

Shares of TSE AEM opened at C$203.52 on Friday. Agnico Eagle Mines has a 1-year low of C$170.89 and a 1-year high of C$348.94. The firm has a market capitalization of C$101.77 billion, a PE ratio of 19.16, a P/E/G ratio of 22.97 and a beta of 1.84. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.86 and a quick ratio of 0.89. The business’s fifty day moving average price is C$221.36 and its two-hundred day moving average price is C$261.55.

Agnico Eagle Mines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Monday, June 1st. Agnico Eagle Mines’s dividend payout ratio is presently 15.54%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Jefferies Financial Group raised shares of Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. BMO Capital Markets raised their price target on shares of Agnico Eagle Mines from C$350.00 to C$370.00 in a report on Wednesday, April 22nd. JPMorgan Chase & Co. cut their price objective on shares of Agnico Eagle Mines from C$321.00 to C$300.00 in a report on Thursday, April 23rd. Barclays dropped their target price on Agnico Eagle Mines from C$298.00 to C$266.00 in a research report on Thursday, July 16th. Finally, National Bank Financial lowered their price objective on Agnico Eagle Mines from C$350.00 to C$275.00 and set an “outperform” rating for the company in a research note on Tuesday, July 14th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$295.33.

About Agnico Eagle Mines

Canadian-based and led, Agnico Eagle is Canada’s largest mining company and the second largest gold producer in the world, operating mines in Canada, Australia, Finland and Mexico. The Company is advancing a pipeline of high-quality development projects in these regions to support sustainable growth over the next decade. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading sustainability practices. Agnico Eagle was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.