Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) announced its earnings results on Thursday. The mining company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.02), Briefing.com reports. Agnico Eagle Mines had a net margin of 10.88% and a return on equity of 5.19%. The firm had revenue of $578.40 million during the quarter, compared to analyst estimates of $541.61 million. During the same period in the prior year, the business posted $0.28 EPS. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year.
Shares of NYSE:AEM traded up $0.38 during trading on Thursday, hitting $43.67. 1,024,704 shares of the company were exchanged, compared to its average volume of 1,453,804. The firm has a market capitalization of $10,162.04, a price-to-earnings ratio of 39.34, a price-to-earnings-growth ratio of 70.09 and a beta of -0.43. Agnico Eagle Mines has a fifty-two week low of $37.35 and a fifty-two week high of $51.86. The company has a quick ratio of 2.88, a current ratio of 4.38 and a debt-to-equity ratio of 0.28.
A number of equities research analysts recently issued reports on AEM shares. Canaccord Genuity reissued a “buy” rating and issued a $77.00 target price on shares of Agnico Eagle Mines in a research report on Thursday, December 28th. Credit Suisse Group set a $62.00 target price on Agnico Eagle Mines and gave the company a “buy” rating in a research report on Thursday, December 28th. Zacks Investment Research raised Agnico Eagle Mines from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research report on Tuesday, January 2nd. Scotiabank set a $57.00 target price on Agnico Eagle Mines and gave the company a “buy” rating in a research report on Saturday, February 17th. Finally, TD Securities raised Agnico Eagle Mines from a “hold” rating to a “buy” rating and dropped their target price for the company from $55.00 to $53.00 in a research report on Wednesday, February 28th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $55.90.
Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. The company operates through Northern Business and Southern Business segments. It primarily produces and sells gold deposit, as well as explores for silver, zinc, and copper deposits.
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