National Bank Financial Estimates AEM Q3 Earnings

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – National Bank Financial issued their Q3 2024 earnings per share estimates for Agnico Eagle Mines in a research report issued on Tuesday, October 22nd. National Bank Financial analyst M. Parkin forecasts that the mining company will post earnings per share of $1.12 for the quarter. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $3.88 per share.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings results on Wednesday, July 31st. The mining company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.14. Agnico Eagle Mines had a net margin of 8.44% and a return on equity of 7.16%. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the previous year, the business posted $0.65 EPS. Agnico Eagle Mines’s quarterly revenue was up 20.9% on a year-over-year basis.

A number of other analysts have also commented on the company. Jefferies Financial Group boosted their price objective on Agnico Eagle Mines from $68.00 to $85.00 and gave the stock a “hold” rating in a report on Friday, October 4th. Royal Bank of Canada increased their price target on Agnico Eagle Mines from $80.00 to $87.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. TD Securities lifted their price objective on shares of Agnico Eagle Mines from $90.00 to $91.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. UBS Group started coverage on shares of Agnico Eagle Mines in a research note on Tuesday, September 17th. They issued a “buy” rating and a $95.00 target price for the company. Finally, Scotiabank raised their price target on shares of Agnico Eagle Mines from $81.00 to $94.00 and gave the company a “sector outperform” rating in a research report on Monday, August 19th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Agnico Eagle Mines presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.78.

Agnico Eagle Mines Trading Down 1.1 %

AEM opened at $86.92 on Thursday. Agnico Eagle Mines has a fifty-two week low of $44.37 and a fifty-two week high of $89.00. The firm has a market capitalization of $43.48 billion, a PE ratio of 91.49, a P/E/G ratio of 0.71 and a beta of 1.10. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.51 and a quick ratio of 0.76. The company’s 50-day moving average is $81.78 and its 200 day moving average is $73.24.

Institutional Trading of Agnico Eagle Mines

Hedge funds have recently added to or reduced their stakes in the stock. Financial Sense Advisors Inc. raised its holdings in shares of Agnico Eagle Mines by 372.3% in the 1st quarter. Financial Sense Advisors Inc. now owns 62,330 shares of the mining company’s stock worth $3,718,000 after purchasing an additional 49,132 shares during the period. Manning & Napier Advisors LLC purchased a new position in shares of Agnico Eagle Mines during the 2nd quarter valued at $2,595,000. Capital Wealth Planning LLC lifted its position in shares of Agnico Eagle Mines by 62.3% during the 1st quarter. Capital Wealth Planning LLC now owns 2,620,345 shares of the mining company’s stock valued at $156,304,000 after buying an additional 1,006,001 shares during the last quarter. Principal Financial Group Inc. bought a new position in shares of Agnico Eagle Mines during the 1st quarter worth $1,388,000. Finally, GSA Capital Partners LLP purchased a new stake in Agnico Eagle Mines in the 1st quarter worth about $878,000. Institutional investors own 68.34% 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.