Agnico Eagle Mines Ltd (NYSE:AEM) (TSE:AEM) – Equities research analysts at Cormark issued their FY2019 earnings estimates for shares of Agnico Eagle Mines in a research report issued on Friday. Cormark analyst R. Gray anticipates that the mining company will post earnings of $0.45 per share for the year.
Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings results on Wednesday, February 14th. The mining company reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.02. The company had revenue of $565.25 million during the quarter, compared to analyst estimates of $552.10 million. Agnico Eagle Mines had a net margin of 10.88% and a return on equity of 5.21%. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.04 earnings per share.
Agnico Eagle Mines (NYSE:AEM) opened at $43.10 on Monday. The company has a current ratio of 3.85, a quick ratio of 2.70 and a debt-to-equity ratio of 0.28. The firm has a market cap of $9,985.11, a PE ratio of 41.44, a price-to-earnings-growth ratio of 41.91 and a beta of -0.60. Agnico Eagle Mines has a 1 year low of $39.30 and a 1 year high of $51.86.
A number of large investors have recently added to or reduced their stakes in AEM. Amundi Pioneer Asset Management Inc. bought a new stake in Agnico Eagle Mines in the fourth quarter valued at $53,285,000. Flossbach Von Storch AG bought a new stake in Agnico Eagle Mines in the fourth quarter valued at $38,357,000. Bradley Foster & Sargent Inc. CT boosted its holdings in Agnico Eagle Mines by 394.4% in the third quarter. Bradley Foster & Sargent Inc. CT now owns 505,558 shares of the mining company’s stock valued at $22,856,000 after acquiring an additional 403,295 shares in the last quarter. TD Asset Management Inc. boosted its holdings in Agnico Eagle Mines by 13.7% in the third quarter. TD Asset Management Inc. now owns 3,254,897 shares of the mining company’s stock valued at $146,759,000 after acquiring an additional 393,212 shares in the last quarter. Finally, AGF Investments Inc. boosted its holdings in Agnico Eagle Mines by 69.7% in the fourth quarter. AGF Investments Inc. now owns 894,749 shares of the mining company’s stock valued at $41,314,000 after acquiring an additional 367,344 shares in the last quarter. Institutional investors and hedge funds own 57.16% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, February 22nd will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.02%. The ex-dividend date is Wednesday, February 28th. Agnico Eagle Mines’s dividend payout ratio (DPR) is currently 42.31%.
Agnico Eagle Mines Company Profile
Agnico Eagle Mines Ltd is a Canada-based gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut, as well as exploration activities in Canada, Europe, Latin America and the United States. It operates through the business units: Northern Business, which consists of its operations in Canada and Finland, such as the LaRonde mine, the Lapa mine, the Goldex mine, the Meadowbank mine, the Meliadine project and the Malartic Mine in Canada, as well as the Kittila mine in Finland; Southern Business, which consists of its operations in Mexico, such as the Pinos Altos mine that includes the Creston Mascota deposit and the La India mine owned by its indirect subsidiary, as well as Exploration Group, which focuses on the identification of new mineral reserves and mineral resources, and new development opportunities in gold producing regions.
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