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

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) will release its earnings data after the market closes on Wednesday, July 31st. Analysts expect Agnico Eagle Mines to post earnings of C$1.09 per share for the quarter.

Agnico Eagle Mines Trading Up 1.7 %

Shares of TSE 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 52-week low of C$59.36 and a 52-week high of C$105.99. The firm has a 50 day moving average price of C$94.41 and a two-hundred day moving average price of C$82.82. The stock has a market cap of C$51.43 billion, a P/E 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 disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, June 14th were paid a $0.40 dividend. 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 is currently 199.07%.

Wall Street Analyst Weigh In

AEM has been the topic of a number of analyst reports. Canaccord Genuity Group upped their price objective on shares of Agnico Eagle Mines from C$105.00 to C$118.00 in a research note on Tuesday, July 23rd. Cormark upped their price objective on shares of Agnico Eagle Mines from C$110.00 to C$115.00 in a research note on Monday, June 24th. Veritas Investment Research upped their price objective on shares of Agnico Eagle Mines from C$88.40 to C$118.00 in a research note on Friday, April 12th. National Bankshares set a C$104.00 price objective on shares of Agnico Eagle Mines and gave the company an “outperform” rating in a research note on Monday, June 24th. Finally, Stifel Nicolaus upped their price objective on shares of Agnico Eagle Mines from C$94.00 to C$104.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$105.14.

Insider Buying and Selling

In related news, Director John Merfyn Roberts sold 1,000 shares of the stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of C$89.27, for a total transaction of C$89,267.00. In other Agnico Eagle Mines news, Director John Merfyn Roberts sold 1,000 shares of the company’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of C$89.27, for a total transaction of C$89,267.00. Also, Director Sean Boyd sold 120,000 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of C$90.08, for a total transaction of C$10,809,600.00. Insiders have sold a total of 163,279 shares of company stock valued at $14,798,903 over the last ninety days. 0.09% of the stock is owned by corporate insiders.

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.