TSE:AEM FY2024 EPS Increased by National Bank Financial

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Investment analysts at National Bank Financial increased their FY2024 earnings per share (EPS) estimates for shares of Agnico Eagle Mines in a note issued to investors on Thursday, October 31st. National Bank Financial analyst M. Parkin now expects that the company will earn $6.02 per share for the year, up from their prior forecast of $5.96. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $5.50 per share.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its quarterly earnings results on Wednesday, October 30th. The company reported C$1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.35 by C$0.21. Agnico Eagle Mines had a return on equity of 3.10% and a net margin of 8.49%. The firm had revenue of C$2.94 billion during the quarter, compared to analyst estimates of C$2.50 billion.

Several other analysts have also issued reports on AEM. Stifel Nicolaus increased their price objective on Agnico Eagle Mines from C$114.00 to C$140.00 in a report on Monday, October 21st. National Bankshares increased their price objective on Agnico Eagle Mines from C$143.00 to C$144.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. UBS Group upgraded Agnico Eagle Mines to a “strong-buy” rating in a report on Tuesday, September 17th. Eight Capital increased their price objective on Agnico Eagle Mines from C$105.00 to C$115.00 in a report on Thursday, July 11th. Finally, Canaccord Genuity Group increased their target price on shares of Agnico Eagle Mines from C$105.00 to C$118.00 in a research 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 company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$116.00.

Agnico Eagle Mines Price Performance

Shares of TSE:AEM opened at C$118.74 on Monday. Agnico Eagle Mines has a one year low of C$60.17 and a one year high of C$123.86. The stock has a fifty day moving average of C$112.18 and a 200-day moving average of C$100.23. The company has a market capitalization of C$59.49 billion, a PE ratio of 74.59, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10. 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 Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.35%. Agnico Eagle Mines’s payout ratio is presently 135.63%.

Insiders Place Their Bets

In other Agnico Eagle Mines news, Senior Officer Dominique Girard sold 11,000 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of C$104.33, for a total transaction of C$1,147,630.00. In other news, Senior Officer Dominique Girard sold 11,000 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of C$104.33, for a total transaction of C$1,147,630.00. Also, Director John Merfyn Roberts sold 2,000 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of C$111.84, for a total transaction of C$223,680.00. Insiders have sold a total of 90,000 shares of company stock worth $9,971,900 in the last quarter. Corporate insiders own 0.08% of the company’s stock.

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.