FY2024 EPS Estimates for TSE:AEM Increased by Analyst

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Equities researchers at National Bank Financial lifted their FY2024 earnings per share estimates for shares of Agnico Eagle Mines in a research report issued on Tuesday, October 22nd. National Bank Financial analyst M. Parkin now expects that the company will post earnings per share of $5.96 for the year, up from their previous estimate of $5.20. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $5.50 per share. National Bank Financial also issued estimates for Agnico Eagle Mines’ FY2025 earnings at $7.94 EPS.

A number of other equities analysts have also recently issued reports on AEM. Eight Capital raised their target price on shares of Agnico Eagle Mines from C$105.00 to C$115.00 in a report on Thursday, July 11th. UBS Group upgraded Agnico Eagle Mines to a “strong-buy” rating in a research report on Tuesday, September 17th. Stifel Nicolaus increased their target price on Agnico Eagle Mines from C$114.00 to C$140.00 in a research report on Monday, October 21st. Finally, Canaccord Genuity Group boosted their price target on shares of Agnico Eagle Mines from C$105.00 to C$118.00 in a report on Tuesday, July 23rd. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$110.29.

Agnico Eagle Mines Trading Down 0.8 %

TSE AEM opened at C$120.79 on Friday. The company has a debt-to-equity ratio of 9.94, a quick ratio of 0.89 and a current ratio of 1.51. Agnico Eagle Mines has a one year low of C$60.17 and a one year high of C$123.08. The company has a 50-day simple moving average of C$110.06 and a 200-day simple moving average of C$98.75. The firm has a market capitalization of C$60.52 billion, a PE ratio of 75.49, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its earnings results on Wednesday, July 31st. The company reported C$1.46 earnings per share for the quarter, beating the consensus estimate of C$1.27 by C$0.19. The firm had revenue of C$2.84 billion during the quarter, compared to analyst estimates of C$2.36 billion. Agnico Eagle Mines had a net margin of 8.49% and a return on equity of 3.10%.

Agnico Eagle Mines Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were given a dividend of $0.547 per share. This represents a $2.19 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date was Friday, August 30th. This is a positive change from Agnico Eagle Mines’s previous quarterly dividend of $0.40. Agnico Eagle Mines’s payout ratio is 135.63%.

Insider Transactions at Agnico Eagle Mines

In related news, Senior Officer Jean Robitaille sold 15,000 shares of Agnico Eagle Mines stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of C$113.42, for a total transaction of C$1,701,300.00. In other news, Senior Officer Carol-Ann Plummer-Theriault sold 25,000 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of C$101.85, for a total value of C$2,546,250.00. Also, Senior Officer Jean Robitaille sold 15,000 shares of Agnico Eagle Mines stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of C$113.42, for a total value of C$1,701,300.00. Over the last quarter, insiders sold 115,000 shares of company stock valued at $12,518,150. 0.08% of the stock is currently 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.