FY2024 EPS Estimate for Agnico Eagle Mines Raised by Analyst

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Equities researchers at National Bank Financial raised their FY2024 EPS estimates for shares of Agnico Eagle Mines in a research report issued to clients and investors on Tuesday, October 22nd. National Bank Financial analyst M. Parkin now anticipates that the company will post earnings of $5.96 per share for the year, up from their previous estimate of $5.20. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $5.50 per share. National Bank Financial also issued estimates for Agnico Eagle Mines’ FY2025 earnings at $7.94 EPS.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last posted its earnings results on Wednesday, July 31st. The company reported C$1.46 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.27 by C$0.19. Agnico Eagle Mines had a return on equity of 3.10% and a net margin of 8.49%. The company had revenue of C$2.84 billion during the quarter, compared to analyst estimates of C$2.36 billion.

A number of other equities analysts also recently commented on AEM. UBS Group upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a report on Tuesday, September 17th. Stifel Nicolaus increased their target price on shares of Agnico Eagle Mines from C$114.00 to C$140.00 in a research report on Monday. Eight Capital lifted their price target on shares of Agnico Eagle Mines from C$105.00 to C$115.00 in a report on Thursday, July 11th. Finally, Canaccord Genuity Group increased their price objective on Agnico Eagle Mines from C$105.00 to C$118.00 in a report on Tuesday, July 23rd. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$110.29.

Agnico Eagle Mines Price Performance

Agnico Eagle Mines has a 12 month low of C$60.17 and a 12 month high of C$123.08. The stock’s fifty day moving average is C$109.71 and its two-hundred day moving average is C$98.35. The stock has a market cap of C$61.03 billion, a PE ratio of 75.06, a P/E/G ratio of 22.97 and a beta of 1.10. The company has a quick ratio of 0.89, a current ratio of 1.51 and a debt-to-equity ratio of 9.94.

Insiders Place Their Bets

In other news, Senior Officer Jean Robitaille sold 15,000 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$113.42, for a total transaction of C$1,701,300.00. In related news, Senior Officer Jean Robitaille sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$113.42, for a total value of C$1,701,300.00. Also, Director John Merfyn Roberts sold 2,000 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of C$111.84, for a total transaction of C$223,680.00. Over the last quarter, insiders sold 115,000 shares of company stock valued at $12,518,150. Insiders own 0.08% of the company’s stock.

Agnico Eagle Mines Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were paid a dividend of $0.547 per share. This is a positive change from Agnico Eagle Mines’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, August 30th. This represents a $2.19 dividend on an annualized basis and a yield of ∞. Agnico Eagle Mines’s dividend payout ratio is presently 135.63%.

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.