Q3 Earnings Forecast for AEM Issued By Stifel Canada

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Investment analysts at Stifel Canada issued their Q3 2024 earnings per share (EPS) estimates for Agnico Eagle Mines in a research report issued to clients and investors on Monday, October 21st. Stifel Canada analyst I. Rico anticipates that the mining company will earn $0.97 per share for the quarter. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $3.88 per share. Stifel Canada also issued estimates for Agnico Eagle Mines’ FY2024 earnings at $3.96 EPS.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its 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 return on equity of 7.16% and a net margin of 8.44%. The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter in the prior year, the firm earned $0.65 earnings per share. The business’s revenue was up 20.9% compared to the same quarter last year.

AEM has been the subject of several other research reports. 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 report on Tuesday, September 10th. StockNews.com upgraded Agnico Eagle Mines from a “hold” rating to a “buy” rating in a report on Thursday, June 27th. Jefferies Financial Group lifted their target price on Agnico Eagle Mines from $68.00 to $85.00 and gave the company a “hold” rating in a report on Friday, October 4th. UBS Group initiated coverage on Agnico Eagle Mines in a report on Tuesday, September 17th. They set a “buy” rating and a $95.00 price target for the company. Finally, CIBC lifted their price target on Agnico Eagle Mines from $81.00 to $101.00 and gave the stock an “outperformer” rating in a report on Wednesday, July 10th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $86.78.

Agnico Eagle Mines Price Performance

Shares of Agnico Eagle Mines stock opened at $87.97 on Wednesday. The business has a 50 day simple moving average of $81.64 and a two-hundred day simple moving average of $73.06. Agnico Eagle Mines has a 12 month low of $44.37 and a 12 month high of $89.00. The stock has a market capitalization of $44.01 billion, a P/E ratio of 92.60, a PEG 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.

Institutional Trading of Agnico Eagle Mines

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Global Assets Advisory LLC acquired a new position in Agnico Eagle Mines during the 1st quarter worth approximately $2,691,000. Sunbelt Securities Inc. purchased a new position in shares of Agnico Eagle Mines during the 1st quarter worth $66,000. GoalVest Advisory LLC purchased a new position in shares of Agnico Eagle Mines during the 1st quarter worth $57,000. St. Johns Investment Management Company LLC purchased a new position in shares of Agnico Eagle Mines in the 1st quarter worth $54,000. Finally, Wealthcare Advisory Partners LLC purchased a new position in shares of Agnico Eagle Mines in the 1st quarter worth $426,000. 68.34% of the stock is owned by hedge funds and other institutional investors.

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.