Agnico Eagle Mines (AEM) Set to Announce Earnings on Wednesday

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, July 31st. Analysts expect the company to announce earnings of C$1.09 per share for the quarter.

Agnico Eagle Mines Stock Up 1.7 %

AEM opened at C$103.23 on Tuesday. The company has a debt-to-equity ratio of 10.14, a quick ratio of 0.89 and a current ratio of 2.21. Agnico Eagle Mines has a fifty-two week low of C$59.36 and a fifty-two week high of C$105.99. The firm’s fifty day moving average is C$94.41 and its 200 day moving average is C$82.82. The stock has a market cap of C$51.43 billion, a price-to-earnings ratio of 95.58, a price-to-earnings-growth ratio of 22.97 and a beta of 1.04.

Agnico Eagle Mines Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, June 14th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date was Friday, May 31st. Agnico Eagle Mines’s dividend payout ratio (DPR) is 199.07%.

Wall Street Analysts Forecast Growth

AEM has been the topic of a number of analyst reports. National Bankshares set a C$104.00 target price on shares of Agnico Eagle Mines and gave the company an “outperform” rating in a research note on Monday, June 24th. Canaccord Genuity Group boosted their price target on shares of Agnico Eagle Mines from C$105.00 to C$118.00 in a research note on Tuesday, July 23rd. National Bank Financial reiterated an “outperform overweight” rating on shares of Agnico Eagle Mines in a research note on Monday, April 8th. Eight Capital boosted their price target on shares of Agnico Eagle Mines from C$105.00 to C$115.00 in a research note on Thursday, July 11th. Finally, Cormark boosted their price target on shares of Agnico Eagle Mines from C$110.00 to C$115.00 in a research note on Monday, June 24th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$105.14.

Insider Transactions at Agnico Eagle Mines

In other news, Director John Merfyn Roberts sold 1,000 shares of the business’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of C$89.27, for a total value of C$89,267.00. In other news, Director Sean Boyd sold 120,000 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of C$90.08, for a total value of C$10,809,600.00. Also, Director John Merfyn Roberts sold 1,000 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of C$89.27, for a total transaction of C$89,267.00. Insiders have sold a total of 163,279 shares of company stock worth $14,798,903 in the last three months. Insiders own 0.09% of the company’s stock.

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.