FY2025 EPS Estimate for Agnico Eagle Mines Cut by Analyst

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Research analysts at Scotiabank dropped their FY2025 EPS estimates for Agnico Eagle Mines in a research report issued on Wednesday, March 19th. Scotiabank analyst T. Jakusconek now forecasts that the mining company will post earnings per share of $4.27 for the year, down from their prior forecast of $4.52. Scotiabank currently has a “Sector Outperform” rating and a $105.00 target price on the stock. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $4.63 per share.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings results on Thursday, February 13th. The mining company reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.70 by ($0.44). Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%.

A number of other research firms also recently weighed in on AEM. TD Securities decreased their price target on Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th. StockNews.com cut shares of Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th. Royal Bank of Canada upped their price target on shares of Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Jefferies Financial Group lifted their price objective on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a research report on Tuesday, January 7th. Finally, Stifel Canada raised shares of Agnico Eagle Mines to a “strong-buy” rating in a report on Wednesday, March 19th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $95.78.

Agnico Eagle Mines Price Performance

Shares of NYSE AEM opened at $104.18 on Monday. Agnico Eagle Mines has a fifty-two week low of $55.98 and a fifty-two week high of $107.88. The stock has a market capitalization of $52.40 billion, a price-to-earnings ratio of 27.56, a PEG ratio of 0.66 and a beta of 1.00. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.86 and a quick ratio of 0.86. The business has a 50-day moving average of $96.20 and a 200-day moving average of $87.12.

Hedge Funds Weigh In On Agnico Eagle Mines

Institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank acquired a new stake in Agnico Eagle Mines during the 4th quarter worth approximately $573,446,000. FMR LLC lifted its holdings in shares of Agnico Eagle Mines by 43.5% during the third quarter. FMR LLC now owns 15,061,244 shares of the mining company’s stock worth $1,213,311,000 after buying an additional 4,562,005 shares in the last quarter. Capital World Investors boosted its position in shares of Agnico Eagle Mines by 41.9% in the fourth quarter. Capital World Investors now owns 13,952,061 shares of the mining company’s stock valued at $1,091,550,000 after acquiring an additional 4,121,164 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Agnico Eagle Mines by 81.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 7,051,473 shares of the mining company’s stock valued at $551,339,000 after acquiring an additional 3,155,927 shares in the last quarter. Finally, AGF Management Ltd. increased its position in Agnico Eagle Mines by 184.6% during the fourth quarter. AGF Management Ltd. now owns 1,395,850 shares of the mining company’s stock worth $109,205,000 after acquiring an additional 905,328 shares during the period. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.54%. The ex-dividend date was Friday, February 28th. Agnico Eagle Mines’s payout ratio is 42.33%.

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.