Agnico Eagle Mines Limited (TSE:AEM) Expected to Post Q2 2024 Earnings of $1.20 Per Share

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Stock analysts at Cormark decreased their Q2 2024 earnings per share estimates for shares of Agnico Eagle Mines in a note issued to investors on Monday, June 24th. Cormark analyst R. Gray now expects that the company will post earnings per share of $1.20 for the quarter, down from their prior estimate of $1.30. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $4.39 per share. Cormark also issued estimates for Agnico Eagle Mines’ Q3 2024 earnings at $1.20 EPS, Q4 2024 earnings at $1.19 EPS and FY2024 earnings at $4.63 EPS.

A number of other equities research analysts have also weighed in on AEM. National Bank Financial reissued an “outperform overweight” rating on shares of Agnico Eagle Mines in a research note on Monday, April 8th. National Bankshares set a C$104.00 price objective on Agnico Eagle Mines and gave the company an “outperform” rating in a research report on Monday. Stifel Nicolaus raised their target price on shares of Agnico Eagle Mines from C$94.00 to C$104.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Eight Capital set a C$105.00 price target on shares of Agnico Eagle Mines and gave the company a “buy” rating in a report on Monday. Finally, Veritas Investment Research raised their price target on shares of Agnico Eagle Mines from C$88.40 to C$118.00 in a report on Friday, April 12th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$100.63.

Agnico Eagle Mines Price Performance

Shares of TSE:AEM opened at C$90.94 on Thursday. The company has a quick ratio of 0.89, a current ratio of 2.21 and a debt-to-equity ratio of 10.14. The stock has a market cap of C$45.31 billion, a PE ratio of 84.20, a PEG ratio of 22.97 and a beta of 1.04. The company’s fifty day moving average is C$90.73 and its 200 day moving average is C$78.50. Agnico Eagle Mines has a 52 week low of C$59.36 and a 52 week high of C$96.20.

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 the consensus estimate of C$0.82 by C$0.20. Agnico Eagle Mines had a net margin of 6.79% and a return on equity of 2.39%. The firm had revenue of C$2.47 billion for the quarter, compared to the consensus estimate of C$2.20 billion.

Agnico Eagle Mines Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, June 14th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.76%. Agnico Eagle Mines’s dividend payout ratio (DPR) is 199.07%.

Insiders Place Their Bets

In other Agnico Eagle Mines news, Senior Officer Guy Gosselin sold 22,000 shares of Agnico Eagle Mines stock in a transaction on Monday, May 6th. The stock was sold at an average price of C$90.50, for a total transaction of C$1,991,000.00. In related news, Senior Officer Guy Gosselin sold 22,000 shares of the firm’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. Also, Director John Merfyn Roberts sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of C$89.27, for a total value of C$89,267.00. Over the last 90 days, insiders sold 163,279 shares of company stock worth $14,798,903. 0.09% of the stock is owned by corporate insiders.

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.