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

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) is set to release its earnings data after the market closes on Wednesday, October 30th. Analysts expect Agnico Eagle Mines to announce earnings of $0.92 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings data on Wednesday, July 31st. The mining company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.14. Agnico Eagle Mines had a net margin of 8.44% and a return on equity of 7.16%. The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the previous year, the firm earned $0.65 EPS. The company’s quarterly revenue was up 20.9% compared to the same quarter last year. On average, analysts expect Agnico Eagle Mines to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Agnico Eagle Mines Trading Up 1.6 %

NYSE:AEM opened at $87.99 on Wednesday. The company has a 50-day moving average price of $81.02 and a 200-day moving average price of $72.67. The stock has a market cap of $44.02 billion, a price-to-earnings ratio of 92.62, a P/E/G ratio of 0.71 and a beta of 1.10. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06. Agnico Eagle Mines has a 12 month low of $44.37 and a 12 month high of $88.22.

Analysts Set New Price Targets

Several research firms have weighed in on AEM. Jefferies Financial Group lifted their price objective on Agnico Eagle Mines from $68.00 to $85.00 and gave the company a “hold” rating in a research report on Friday, October 4th. StockNews.com raised shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating in a research note on Thursday, June 27th. Royal Bank of Canada raised their target price on shares of Agnico Eagle Mines from $80.00 to $87.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Scotiabank boosted their price target on Agnico Eagle Mines from $81.00 to $94.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. Finally, TD Securities lifted their price objective on Agnico Eagle Mines from $90.00 to $91.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $86.78.

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.