Agnico Eagle Mines (NYSE:AEM) Releases Quarterly Earnings Results, Beats Estimates By $0.14 EPS

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) released its quarterly earnings data on Wednesday. The mining company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.14, Briefing.com reports. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.03 billion. Agnico Eagle Mines had a net margin of 8.44% and a return on equity of 7.19%. Agnico Eagle Mines’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.65 EPS.

Agnico Eagle Mines Stock Performance

Shares of Agnico Eagle Mines stock opened at $76.08 on Friday. The company has a 50 day moving average of $69.34 and a 200-day moving average of $61.15. The company has a market cap of $38.06 billion, a PE ratio of 80.08, a price-to-earnings-growth ratio of 0.78 and a beta of 1.06. Agnico Eagle Mines has a 1-year low of $43.22 and a 1-year high of $78.10. The company has a current ratio of 2.21, a quick ratio of 0.88 and a debt-to-equity ratio of 0.09.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. StockNews.com raised shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating in a report on Thursday, June 27th. CIBC lifted their target price on shares of Agnico Eagle Mines from $81.00 to $101.00 and gave the stock an “outperformer” rating in a report on Wednesday, July 10th. Citigroup lifted their target price on shares of Agnico Eagle Mines from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. TD Securities lifted their target price on shares of Agnico Eagle Mines from $74.00 to $78.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Finally, Jefferies Financial Group lifted their target price on shares of Agnico Eagle Mines from $59.00 to $66.00 and gave the stock a “hold” rating in a report on Friday, July 12th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $76.88.

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.