FY2024 EPS Estimates for Agnico Eagle Mines Limited Increased by Analyst (NYSE:AEM)

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Research analysts at Raymond James lifted their FY2024 EPS estimates for Agnico Eagle Mines in a research report issued to clients and investors on Monday, September 23rd. Raymond James analyst F. Hamed now forecasts that the mining company will post earnings per share of $3.90 for the year, up from their previous estimate of $3.43. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $3.73 per share. Raymond James also issued estimates for Agnico Eagle Mines’ Q4 2024 earnings at $1.07 EPS, Q1 2025 earnings at $1.07 EPS, Q2 2025 earnings at $1.07 EPS, Q3 2025 earnings at $1.07 EPS, Q4 2025 earnings at $1.07 EPS and FY2025 earnings at $4.29 EPS.

Several other analysts also recently issued reports on the company. Scotiabank lifted their price target on Agnico Eagle Mines from $81.00 to $94.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. Jefferies Financial Group upped their price target on Agnico Eagle Mines from $59.00 to $66.00 and gave the stock a “hold” rating in a research report on Friday, July 12th. Royal Bank of Canada raised their price target on shares of Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. StockNews.com raised shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating in a research report on Thursday, June 27th. Finally, TD Securities raised their target price on shares of Agnico Eagle Mines from $90.00 to $91.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $84.67.

Agnico Eagle Mines Stock Down 2.7 %

Agnico Eagle Mines stock opened at $81.83 on Thursday. The company has a 50 day moving average of $78.99 and a 200-day moving average of $69.84. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.06. Agnico Eagle Mines has a twelve month low of $43.22 and a twelve month high of $85.14. The stock has a market capitalization of $40.94 billion, a PE ratio of 86.14, a price-to-earnings-growth ratio of 0.78 and a beta of 1.10.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings data on Wednesday, July 31st. The mining company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.14. Agnico Eagle Mines had a return on equity of 7.16% and a net margin of 8.44%. The business had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter in the previous year, the business posted $0.65 EPS. Agnico Eagle Mines’s revenue for the quarter was up 20.9% on a year-over-year basis.

Hedge Funds Weigh In On Agnico Eagle Mines

A number of institutional investors have recently added to or reduced their stakes in AEM. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Agnico Eagle Mines during the second quarter worth about $7,084,000. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group bought a new position in shares of Agnico Eagle Mines during the 2nd quarter worth approximately $3,978,000. Sanctuary Advisors LLC acquired a new position in shares of Agnico Eagle Mines during the 2nd quarter worth approximately $678,000. Truist Financial Corp increased its holdings in shares of Agnico Eagle Mines by 10.4% during the 2nd quarter. Truist Financial Corp now owns 45,315 shares of the mining company’s stock worth $2,964,000 after acquiring an additional 4,276 shares during the last quarter. Finally, Chase Investment Counsel Corp raised its stake in Agnico Eagle Mines by 0.7% in the 2nd quarter. Chase Investment Counsel Corp now owns 57,609 shares of the mining company’s stock valued at $3,767,000 after acquiring an additional 382 shares during the period. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Company Profile

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.