Q2 2024 EPS Estimates for Agnico Eagle Mines Limited (TSE:AEM) Increased by Analyst

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Analysts at Raymond James upped their Q2 2024 earnings per share (EPS) estimates for Agnico Eagle Mines in a research note issued to investors on Thursday, June 20th. Raymond James analyst F. Hamed now expects that the company will post earnings of $1.14 per share for the quarter, up from their previous forecast of $1.12. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $4.39 per share. Raymond James also issued estimates for Agnico Eagle Mines’ Q3 2024 earnings at $1.19 EPS, Q4 2024 earnings at $1.21 EPS and FY2024 earnings at $4.57 EPS.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last posted its quarterly earnings results on Thursday, April 25th. The company reported C$1.02 EPS for the quarter, topping analysts’ consensus estimates of C$0.82 by C$0.20. The company had revenue of C$2.47 billion for the quarter, compared to analysts’ expectations of C$2.20 billion. Agnico Eagle Mines had a net margin of 6.79% and a return on equity of 2.39%.

Other research analysts also recently issued reports about the stock. Cormark lifted their price target on shares of Agnico Eagle Mines from C$110.00 to C$115.00 in a research note on Monday. National Bankshares set a C$104.00 price target on shares of Agnico Eagle Mines and gave the stock an “outperform” rating in a research note on Monday. National Bank Financial restated an “outperform overweight” rating on shares of Agnico Eagle Mines in a research report on Monday, April 8th. Canaccord Genuity Group boosted their target price on Agnico Eagle Mines from C$92.00 to C$105.00 in a research note on Tuesday, April 23rd. Finally, Stifel Nicolaus raised their price target on Agnico Eagle Mines from C$94.00 to C$104.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Agnico Eagle Mines presently has an average rating of “Buy” and a consensus target price of C$100.63.

Agnico Eagle Mines Trading Up 0.5 %

Shares of Agnico Eagle Mines stock opened at C$89.69 on Monday. The company’s 50-day moving average price is C$90.52 and its 200-day moving average price is C$78.20. The company has a current ratio of 2.21, a quick ratio of 0.89 and a debt-to-equity ratio of 10.14. The company has a market cap of C$44.68 billion, a price-to-earnings ratio of 83.05, a PEG ratio of 22.97 and a beta of 1.04. Agnico Eagle Mines has a 12-month low of C$59.36 and a 12-month high of C$96.20.

Insider Buying and Selling

In other news, Director Sean Boyd sold 120,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of C$90.08, for a total transaction of C$10,809,600.00. In other news, Director Sean Boyd sold 120,000 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of C$90.08, for a total value of C$10,809,600.00. Also, Senior Officer Guy Gosselin sold 22,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of C$90.50, for a total transaction of C$1,991,000.00. Insiders sold a total of 162,279 shares of company stock worth $14,709,636 in the last three months. Insiders own 0.09% of the company’s stock.

Agnico Eagle Mines Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, June 14th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.78%. The ex-dividend date was Friday, May 31st. Agnico Eagle Mines’s dividend payout ratio (DPR) is currently 199.07%.

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.