Scotiabank Has Negative Outlook for TSE:AEM FY2025 Earnings

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Analysts at Scotiabank dropped their FY2025 earnings per share estimates for Agnico Eagle Mines in a research note issued to investors on Wednesday, March 19th. Scotiabank analyst T. Jakusconek now forecasts that the company will post earnings per share of $6.11 for the year, down from their prior estimate of $6.49. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $5.50 per share.

AEM has been the subject of several other reports. Royal Bank of Canada lifted their price objective on shares of Agnico Eagle Mines to C$105.00 and gave the stock a “buy” rating in a research note on Thursday, March 6th. National Bankshares lifted their price target on Agnico Eagle Mines from C$160.00 to C$190.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 19th. National Bank Financial raised Agnico Eagle Mines to a “strong-buy” rating in a report on Friday, March 21st. Finally, Stifel Canada raised Agnico Eagle Mines to a “strong-buy” rating in a report on Wednesday, March 19th. Four equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, Agnico Eagle Mines presently has a consensus rating of “Buy” and a consensus target price of C$128.71.

Agnico Eagle Mines Stock Up 1.0 %

AEM stock opened at C$150.65 on Monday. The company has a quick ratio of 0.89, a current ratio of 1.75 and a debt-to-equity ratio of 7.88. Agnico Eagle Mines has a 52 week low of C$76.13 and a 52 week high of C$153.94. The stock has a market capitalization of C$53.27 billion, a PE ratio of 52.93, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10. The firm has a 50 day moving average of C$138.64 and a 200 day moving average of C$122.87.

Agnico Eagle Mines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, March 14th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend was Friday, February 28th. Agnico Eagle Mines’s payout ratio is presently 76.24%.

Insiders Place Their Bets

In other news, Director Martine Celej sold 2,208 shares of the company’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of C$111.84, for a total transaction of C$246,942.72. Also, Senior Officer Guy Gosselin sold 22,500 shares of the firm’s stock in a transaction that occurred on Thursday, January 9th. The stock was sold at an average price of C$121.80, for a total transaction of C$2,740,500.00. In the last 90 days, insiders have sold 85,269 shares of company stock worth $10,634,722. Corporate insiders own 0.08% of the company’s stock.

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.