-- Shares of Agnico Eagle Mines (AEM) touched their highest level since Feb. 2013 on Friday after the gold miner reported late Thursday better-than-expected Q1 earnings and revenues.
Q1 adjusted earnings were $25.7 million or $0.12 per share, handily beating expectations for $0.02 a share compiled by Capital IQ.
Reported earnings were $27.8 million or $0.13 per share compared to $28.7 million or $0.13 per share in the year-ago period.
Revenues rose to $490.5 million from $483.6 million in Q1 2015, beating the $482.0 million mean estimate.
Agnico also declared an unchanged quarterly cash dividend of $0.08 per share, payable on June 15 to holders of record on June 1.
Shares were up nearly 6% in recent trade, with a new 52-week range of $21.00 to $45.82.
Price: 45.81, Change: +2.58, Percent Change: +5.96
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