Agnico Eagle Mines (NYSE:AEM) Posts Quarterly Earnings Results, Misses Estimates By $0.44 EPS

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) issued its earnings results on Thursday. The mining company reported $1.26 earnings per share (EPS) 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 Trading Up 1.3 %

Shares of AEM traded up $1.25 during mid-day trading on Thursday, reaching $100.80. The stock had a trading volume of 2,673,089 shares, compared to its average volume of 2,003,842. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 0.83. Agnico Eagle Mines has a 52-week low of $44.37 and a 52-week high of $101.45. The business’s fifty day moving average is $85.95 and its 200 day moving average is $82.89. The firm has a market cap of $50.63 billion, a price-to-earnings ratio of 50.40, a P/E/G ratio of 0.66 and a beta of 1.10.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Jefferies Financial Group increased their price target on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a research report on Tuesday, January 7th. Scotiabank raised their target price on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a research note on Tuesday, January 21st. Finally, Royal Bank of Canada lifted their price objective on shares of Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an “outperform” rating in a research note on Tuesday. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.