Zacks Research Weighs in on TSE:AEM FY2024 Earnings

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Analysts at Zacks Research issued their FY2024 earnings estimates for shares of Agnico Eagle Mines in a research note issued to investors on Tuesday, November 12th. Zacks Research analyst A. Barman forecasts that the company will post earnings of $5.47 per share for the year. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $5.50 per share. Zacks Research also issued estimates for Agnico Eagle Mines’ Q1 2025 earnings at $1.09 EPS, Q2 2025 earnings at $1.20 EPS, Q3 2025 earnings at $1.26 EPS, FY2025 earnings at $4.88 EPS, Q2 2026 earnings at $1.19 EPS, Q3 2026 earnings at $1.21 EPS and FY2026 earnings at $4.67 EPS.

A number of other analysts have also weighed in on AEM. Canaccord Genuity Group increased their target price on Agnico Eagle Mines from C$105.00 to C$118.00 in a research note on Tuesday, July 23rd. Stifel Nicolaus raised their price target on shares of Agnico Eagle Mines from C$114.00 to C$140.00 in a research note on Monday, October 21st. UBS Group raised shares of Agnico Eagle Mines to a “strong-buy” rating in a research report on Tuesday, September 17th. Finally, National Bankshares upped their target price on shares of Agnico Eagle Mines from C$143.00 to C$144.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$116.00.

Agnico Eagle Mines Price Performance

Shares of AEM stock opened at C$109.24 on Friday. The stock has a 50 day moving average price of C$112.52 and a 200 day moving average price of C$101.81. The firm has a market capitalization of C$54.73 billion, a P/E ratio of 68.28, a P/E/G ratio of 22.97 and a beta of 1.10. The company has a debt-to-equity ratio of 9.94, a quick ratio of 0.89 and a current ratio of 1.51. Agnico Eagle Mines has a 52-week low of C$60.17 and a 52-week high of C$123.86.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its earnings results on Wednesday, October 30th. The company reported C$1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.35 by C$0.21. Agnico Eagle Mines had a return on equity of 3.10% and a net margin of 8.49%. The business had revenue of C$2.94 billion during the quarter, compared to analyst estimates of C$2.50 billion.

Insider Activity

In other news, Director Sean Boyd sold 10,000 shares of Agnico Eagle Mines stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of C$116.15, for a total value of C$1,161,500.00. Also, Senior Officer Guy Gosselin sold 25,000 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of C$110.20, for a total value of C$2,755,000.00. In the last quarter, insiders sold 103,900 shares of company stock worth $11,613,395. 0.08% of the stock is currently owned by corporate insiders.

Agnico Eagle Mines Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date is Friday, November 29th. Agnico Eagle Mines’s dividend payout ratio (DPR) is 135.63%.

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.