Zacks: Brokerages Anticipate Agnico Eagle Mines Ltd (NYSE:AEM) to Announce $0.37 EPS

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Analysts predict that Agnico Eagle Mines Ltd (NYSE:AEM) (TSE:AEM) will post $0.37 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Agnico Eagle Mines’ earnings. The lowest EPS estimate is $0.35 and the highest is $0.42. Agnico Eagle Mines reported earnings per share of $0.14 in the same quarter last year, which suggests a positive year-over-year growth rate of 164.3%. The business is expected to report its next quarterly earnings results on Thursday, February 13th.

According to Zacks, analysts expect that Agnico Eagle Mines will report full-year earnings of $0.96 per share for the current financial year, with EPS estimates ranging from $0.89 to $1.01. For the next fiscal year, analysts anticipate that the company will post earnings of $1.81 per share, with EPS estimates ranging from $1.47 to $2.08. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow Agnico Eagle Mines.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings results on Wednesday, October 23rd. The mining company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.10. Agnico Eagle Mines had a positive return on equity of 3.80% and a negative net margin of 11.06%. The company had revenue of $683.00 million for the quarter, compared to analyst estimates of $683.18 million. During the same quarter in the prior year, the company posted $0.01 EPS. The business’s revenue for the quarter was up 31.7% compared to the same quarter last year.

AEM has been the topic of a number of recent analyst reports. Citigroup increased their price target on Agnico Eagle Mines from $55.00 to $64.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 11th. JPMorgan Chase & Co. increased their price target on Agnico Eagle Mines from $68.00 to $83.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 14th. National Bank Financial increased their price target on Agnico Eagle Mines from $100.00 to $102.00 and gave the stock an “outperform” rating in a research note on Sunday, October 27th. CIBC reissued a “buy” rating on shares of Agnico Eagle Mines in a research note on Wednesday, September 18th. Finally, ValuEngine lowered Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $65.40.

Shares of Agnico Eagle Mines stock traded up $0.46 during trading hours on Monday, reaching $60.06. 1,253,783 shares of the company’s stock were exchanged, compared to its average volume of 1,392,229. Agnico Eagle Mines has a 52-week low of $35.12 and a 52-week high of $64.88. The firm has a market capitalization of $14.29 billion, a price-to-earnings ratio of 79.47, a price-to-earnings-growth ratio of 62.34 and a beta of -0.55. The company has a fifty day moving average of $57.85 and a 200-day moving average of $54.15. The company has a current ratio of 1.42, a quick ratio of 0.70 and a debt-to-equity ratio of 0.30.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $0.175 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.17%.

Hedge funds have recently added to or reduced their stakes in the company. Advisory Services Network LLC acquired a new stake in shares of Agnico Eagle Mines during the 2nd quarter worth $26,000. Carroll Financial Associates Inc. increased its holdings in shares of Agnico Eagle Mines by 64.0% during the 2nd quarter. Carroll Financial Associates Inc. now owns 546 shares of the mining company’s stock worth $27,000 after buying an additional 213 shares during the last quarter. SeaBridge Investment Advisors LLC increased its holdings in shares of Agnico Eagle Mines by 66.7% during the 2nd quarter. SeaBridge Investment Advisors LLC now owns 1,000 shares of the mining company’s stock worth $51,000 after buying an additional 400 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Agnico Eagle Mines by 151.1% during the 3rd quarter. Parallel Advisors LLC now owns 1,027 shares of the mining company’s stock worth $55,000 after buying an additional 618 shares during the last quarter. Finally, Cerebellum GP LLC acquired a new stake in shares of Agnico Eagle Mines during the 3rd quarter worth $73,000. Institutional investors and hedge funds own 60.22% of the company’s stock.

About Agnico Eagle Mines

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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Earnings History and Estimates for Agnico Eagle Mines (NYSE:AEM)

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