Q4 EPS Estimate for Agnico Eagle Mines Boosted by Analyst

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Analysts at Raymond James increased their Q4 2024 earnings per share (EPS) estimates for shares of Agnico Eagle Mines in a research note issued to investors on Monday, February 3rd. Raymond James analyst F. Hamed now expects that the mining company will earn $1.16 per share for the quarter, up from their previous forecast of $1.06. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $4.13 per share. Raymond James also issued estimates for Agnico Eagle Mines’ Q1 2025 earnings at $1.13 EPS, Q2 2025 earnings at $1.13 EPS, Q3 2025 earnings at $1.13 EPS, Q4 2025 earnings at $1.13 EPS and FY2025 earnings at $4.53 EPS.

Several other brokerages have also recently issued reports on AEM. Jefferies Financial Group upped their price objective on Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a report on Tuesday, January 7th. Scotiabank upped their price target on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a research note on Tuesday, January 21st. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $90.50.

Agnico Eagle Mines Trading Up 3.1 %

Shares of AEM stock opened at $98.58 on Thursday. The stock’s 50-day moving average price is $84.49 and its 200-day moving average price is $82.02. Agnico Eagle Mines has a 12-month low of $44.37 and a 12-month high of $99.70. The stock has a market capitalization of $49.51 billion, a price-to-earnings ratio of 49.29, a price-to-earnings-growth ratio of 0.62 and a beta of 1.10. The company has a current ratio of 1.75, a quick ratio of 0.83 and a debt-to-equity ratio of 0.06.

Institutional Investors Weigh In On Agnico Eagle Mines

Hedge funds and other institutional investors have recently made changes to their positions in the company. AQR Capital Management LLC raised its position in Agnico Eagle Mines by 23.3% in the 2nd quarter. AQR Capital Management LLC now owns 13,017 shares of the mining company’s stock worth $851,000 after purchasing an additional 2,464 shares during the period. Truist Financial Corp raised its holdings in shares of Agnico Eagle Mines by 10.4% in the second quarter. Truist Financial Corp now owns 45,315 shares of the mining company’s stock worth $2,964,000 after buying an additional 4,276 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of Agnico Eagle Mines in the second quarter worth approximately $678,000. Diversified Trust Co bought a new stake in shares of Agnico Eagle Mines during the 3rd quarter worth approximately $235,000. Finally, Miracle Mile Advisors LLC purchased a new position in Agnico Eagle Mines during the 3rd quarter valued at $236,000. Hedge funds and other institutional investors own 68.34% of the company’s stock.

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.