Agnico Eagle Mines (NYSE:AEM) Issues Quarterly Earnings Results

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) announced its quarterly earnings results on Thursday. The mining company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.70 by ($0.44), Zacks reports. Agnico Eagle Mines had a net margin of 12.86% and a return on equity of 8.88%.

Agnico Eagle Mines Stock Performance

Shares of AEM traded up $1.25 during mid-day trading on Thursday, reaching $100.80. 2,673,089 shares of the company’s stock were exchanged, 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. The stock has a market capitalization of $50.63 billion, a PE ratio of 50.40, a price-to-earnings-growth ratio of 0.66 and a beta of 1.10. The business’s fifty day simple moving average is $85.95 and its 200-day simple moving average is $82.89. Agnico Eagle Mines has a 52-week low of $44.37 and a 52-week high of $101.45.

Wall Street Analyst Weigh In

Several equities analysts have commented on AEM shares. Royal Bank of Canada increased their price target on shares of Agnico Eagle Mines from $96.00 to $105.00 and gave the company an “outperform” rating in a research note on Tuesday. Scotiabank increased their price target 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, Jefferies Financial Group increased their price target on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a research note on Tuesday, January 7th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $92.75.

Agnico Eagle Mines Company Profile

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.