Zacks Research Issues Optimistic Outlook for AEM Earnings

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Zacks Research boosted their Q4 2024 EPS estimates for shares of Agnico Eagle Mines in a note issued to investors on Tuesday, November 12th. Zacks Research analyst A. Barman now expects that the mining company will post earnings of $0.95 per share for the quarter, up from their prior forecast of $0.90. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $4.05 per share. Zacks Research also issued estimates for Agnico Eagle Mines’ Q3 2025 earnings at $0.90 EPS, Q4 2025 earnings at $0.96 EPS, Q1 2026 earnings at $0.79 EPS and Q2 2026 earnings at $0.85 EPS.

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

Agnico Eagle Mines Trading Up 2.2 %

Shares of NYSE AEM opened at $77.64 on Thursday. The firm’s 50 day moving average price is $82.43 and its 200-day moving average price is $75.26. Agnico Eagle Mines has a 52-week low of $44.37 and a 52-week high of $89.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.83 and a current ratio of 1.75. The company has a market cap of $38.96 billion, a PE ratio of 38.82, a P/E/G ratio of 0.67 and a beta of 1.09.

Institutional Trading of Agnico Eagle Mines

Hedge funds have recently bought and sold shares of the stock. FMR LLC grew its stake in shares of Agnico Eagle Mines by 43.5% during the 3rd quarter. FMR LLC now owns 15,061,244 shares of the mining company’s stock valued at $1,213,311,000 after acquiring an additional 4,562,005 shares during the period. National Bank of Canada FI lifted its holdings in Agnico Eagle Mines by 27.9% during the first quarter. National Bank of Canada FI now owns 4,007,554 shares of the mining company’s stock valued at $239,051,000 after purchasing an additional 874,920 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Agnico Eagle Mines by 16.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,892,898 shares of the mining company’s stock worth $474,660,000 after purchasing an additional 817,240 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Agnico Eagle Mines by 262.5% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,060,402 shares of the mining company’s stock worth $85,413,000 after purchasing an additional 767,912 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Agnico Eagle Mines by 17.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,051,140 shares of the mining company’s stock valued at $326,571,000 after purchasing an additional 591,178 shares during the period. Institutional investors own 68.34% 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.