Agnico Eagle Mines (AEM) Scheduled to Post Earnings on Wednesday

Posted by Defense World Staff on Jul 19th, 2023

Agnico Eagle Mines (TSE:AEM – Get Free Report) (NYSE:AEM) is scheduled to post its quarterly earnings results after the market closes on Wednesday, July 26th. Analysts expect Agnico Eagle Mines to post earnings of C$0.69 per share for the quarter.

Agnico Eagle Mines (TSE:AEM – Get Free Report) (NYSE:AEM) last issued its earnings results on Thursday, April 27th. The company reported C$0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.68 by C$0.09. The firm had revenue of C$2.04 billion during the quarter, compared to analyst estimates of C$1.76 billion. Agnico Eagle Mines had a net margin of 39.97% and a return on equity of 13.14%.

Agnico Eagle Mines Stock Up 2.2 %

Shares of AEM opened at C$70.92 on Wednesday. The company has a current ratio of 2.32, a quick ratio of 0.89 and a debt-to-equity ratio of 12.70. The firm has a fifty day moving average price of C$69.05 and a 200-day moving average price of C$70.66. The firm has a market capitalization of C$35.06 billion, a P/E ratio of 10.55, a P/E/G ratio of 4.64 and a beta of 0.80. Agnico Eagle Mines has a 12-month low of C$48.88 and a 12-month high of C$82.90.

Agnico Eagle Mines Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Thursday, June 15th were issued a $0.541 dividend. This is an increase from Agnico Eagle Mines’s previous quarterly dividend of $0.53. This represents a $2.16 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend was Wednesday, May 31st. Agnico Eagle Mines’s payout ratio is presently 31.75%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AEM. Stifel Nicolaus lifted their price objective on Agnico Eagle Mines from C$89.00 to C$91.00 in a report on Thursday, April 20th. National Bank Financial lifted their price objective on Agnico Eagle Mines from C$95.00 to C$98.00 in a report on Wednesday, May 3rd. Raymond James lifted their price objective on Agnico Eagle Mines from C$65.00 to C$66.00 and gave the company an “outperform” rating in a report on Thursday, April 20th. Finally, National Bankshares lifted their price objective on Agnico Eagle Mines from C$95.00 to C$98.00 and gave the company an “outperform” rating in a report on Wednesday, May 3rd. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Agnico Eagle Mines presently has a consensus rating of “Buy” and a consensus target price of C$79.31.

Agnico Eagle Mines Company Profile

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Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. 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.