Press coverage about Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) has trended somewhat positive on Monday, according to Accern Sentiment Analysis. Accern ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Agnico Eagle Mines earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave media coverage about the mining company an impact score of 47.024483819284 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Barsele Announces an Updated Mineral Resource Estimate, with 1,427,000 Inferred Gold Ounces and 193,000 Indicated Gold Ounces. (finance.yahoo.com)
- How Mining Stocks Are Moving this Month (finance.yahoo.com)
- $0.19 EPS Expected for Agnico Eagle Mines Ltd (AEM) This Quarter (americanbankingnews.com)
- Hot Stock to Track – Agnico Eagle Mines Limited (NYSE: AEM) – Alpha Beta Stock (alphabetastock.com)
- Is this stock Risky for You?: Agnico Eagle Mines Limited (AEM) – Wallstreet Investorplace (wallstreetinvestorplace.com)
A number of research analysts have weighed in on AEM shares. Credit Suisse Group reaffirmed a “buy” rating and issued a $62.00 price objective (up from $59.00) on shares of Agnico Eagle Mines in a research note on Friday, December 22nd. Zacks Investment Research raised shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research note on Tuesday, January 2nd. CSFB raised their price objective on shares of Agnico Eagle Mines from $59.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday, December 28th. Desjardins reaffirmed a “buy” rating on shares of Agnico Eagle Mines in a research note on Monday, December 11th. Finally, TD Securities raised their price objective on shares of Agnico Eagle Mines from $53.00 to $55.00 and gave the company a “hold” rating in a research note on Friday, January 12th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $57.80.
Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings results on Wednesday, February 14th. The mining company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. Agnico Eagle Mines had a net margin of 10.88% and a return on equity of 5.21%. The company had revenue of $565.25 million for the quarter, compared to analyst estimates of $552.10 million. During the same period last year, the firm earned $0.04 earnings per share. The firm’s revenue was up 13.2% on a year-over-year basis. analysts predict that Agnico Eagle Mines will post 0.65 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, February 22nd will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Wednesday, February 28th. Agnico Eagle Mines’s payout ratio is currently 41.90%.
About Agnico Eagle Mines
Agnico Eagle Mines Ltd is a Canada-based gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut, as well as exploration activities in Canada, Europe, Latin America and the United States. It operates through the business units: Northern Business, which consists of its operations in Canada and Finland, such as the LaRonde mine, the Lapa mine, the Goldex mine, the Meadowbank mine, the Meliadine project and the Malartic Mine in Canada, as well as the Kittila mine in Finland; Southern Business, which consists of its operations in Mexico, such as the Pinos Altos mine that includes the Creston Mascota deposit and the La India mine owned by its indirect subsidiary, as well as Exploration Group, which focuses on the identification of new mineral reserves and mineral resources, and new development opportunities in gold producing regions.
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