Agnico Eagle Mines Limited (NYSE:AEM) is reporting third quarter financial results on Wednesday 28th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, AEM is expected to report 3Q20 income of $ 0.67 per share from revenue of $ 967.18 million.
For the full year, analysts anticipate top line of $ 3078.72 million, while looking forward to income of $ 1.82 per share bottom line.
Previous Quarter Performance
Agnico Eagle Mines Limited reported income for the second quarter of $ 0.18 per share, from the revenue of $ 557.17 million. Wall street analysts are predicting, AEM to report 2Q20 income of $ 0.21 per share from revenue of $ 536.15 million. The bottom line results missed street analysts by $ 0.03 or 14.29 percent, at the same time, top line results outshined analysts by $ 21.02 million or 3.92 percent.
Stock Performance
Shares of Agnico Eagle Mines Limited traded up $ 1.29 or 1.63 percent on Tuesday, reaching $ 80.62 with volume of 692.70 thousand shares. Agnico Eagle Mines Limited has traded high as $ 80.79 and has cracked $ 79.08 on the downward trend
According to the previous trading day, closing price of $ 80.62, representing a 155.90 % increase from the 52 week low of $ 31.00 and a 11.09 % decrease over the 52 week high of $ 89.23.
The company has a market capital of $ 19.55 billion and is part of the Basic Materials sector and Gold industry.
Recent Analyst recommendations
- On 19th October 2020, downgraded by Barclays to Equal-Weight from Overweight rating, with $ 79.00 target price.
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.
