Agnico Eagle Mines Limited (NYSE:AEM – Get Rating) (TSE:AEM) – Research analysts at Raymond James issued their Q1 2023 EPS estimates for shares of Agnico Eagle Mines in a research report issued on Tuesday, April 19th. Raymond James analyst F. Hamed expects that the mining company will earn $0.47 per share for the quarter. Raymond James also issued estimates for Agnico Eagle Mines’ Q2 2023 earnings at $0.48 EPS, Q3 2023 earnings at $0.48 EPS and Q4 2023 earnings at $0.48 EPS.
Agnico Eagle Mines (NYSE:AEM – Get Rating) (TSE:AEM) last issued its earnings results on Wednesday, February 23rd. The mining company reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.09). Agnico Eagle Mines had a return on equity of 10.03% and a net margin of 14.16%. The company had revenue of $949.10 million during the quarter, compared to analyst estimates of $932.93 million. During the same period in the previous year, the company posted $0.67 earnings per share.
Shares of AEM opened at $59.60 on Thursday. Agnico Eagle Mines has a 1 year low of $45.42 and a 1 year high of $74.50. The company has a current ratio of 1.71, a quick ratio of 0.56 and a debt-to-equity ratio of 0.24. The stock has a 50 day simple moving average of $59.65 and a 200-day simple moving average of $54.77. The stock has a market cap of $14.63 billion, a PE ratio of 26.97, a PEG ratio of 31.23 and a beta of 0.86.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 15th. Shareholders of record on Monday, March 7th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.68%. This is a positive change from Agnico Eagle Mines’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Friday, March 4th. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 72.40%.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Van ECK Associates Corp boosted its position in shares of Agnico Eagle Mines by 0.5% in the 4th quarter. Van ECK Associates Corp now owns 13,081,811 shares of the mining company’s stock worth $695,169,000 after purchasing an additional 68,009 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Agnico Eagle Mines by 0.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 11,365,013 shares of the mining company’s stock worth $603,936,000 after purchasing an additional 106,018 shares during the last quarter. Mackenzie Financial Corp boosted its position in shares of Agnico Eagle Mines by 6.8% in the 4th quarter. Mackenzie Financial Corp now owns 5,626,175 shares of the mining company’s stock worth $298,856,000 after purchasing an additional 355,932 shares during the last quarter. GQG Partners LLC bought a new position in shares of Agnico Eagle Mines in the 4th quarter worth $237,937,000. Finally, Findlay Park Partners LLP boosted its position in shares of Agnico Eagle Mines by 31.7% in the 3rd quarter. Findlay Park Partners LLP now owns 2,996,668 shares of the mining company’s stock worth $155,377,000 after purchasing an additional 720,497 shares during the last quarter. Hedge funds and other institutional investors own 64.62% of the company’s stock.
About Agnico Eagle Mines (Get Rating)
Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Sweden, 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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