Research Analysts Set Expectations for TSE:AEM Q4 Earnings

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Analysts at Zacks Research lifted their Q4 2024 earnings per share estimates for Agnico Eagle Mines in a research report issued to clients and investors on Tuesday, November 12th. Zacks Research analyst A. Barman now forecasts that the company will post earnings of $1.33 per share for the quarter, up from their prior estimate of $1.23. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $5.50 per share. Zacks Research also issued estimates for Agnico Eagle Mines’ Q4 2025 earnings at $1.34 EPS and Q1 2026 earnings at $1.10 EPS.

Other equities analysts also recently issued research reports about the company. Canaccord Genuity Group raised their target price on Agnico Eagle Mines from C$105.00 to C$118.00 in a research report on Tuesday, July 23rd. National Bankshares boosted their target price on shares of Agnico Eagle Mines from C$143.00 to C$144.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. UBS Group raised shares of Agnico Eagle Mines to a “strong-buy” rating in a report on Tuesday, September 17th. Finally, Stifel Nicolaus lifted their price target on shares of Agnico Eagle Mines from C$114.00 to C$140.00 in a report on Monday, October 21st. Four investment 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 an average rating of “Buy” and an average price target of C$116.00.

Agnico Eagle Mines Stock Up 2.6 %

Shares of AEM opened at C$109.24 on Thursday. Agnico Eagle Mines has a 12 month low of C$60.17 and a 12 month high of C$123.86. The stock has a market cap of C$54.73 billion, a price-to-earnings ratio of 68.28, a P/E/G ratio of 22.97 and a beta of 1.10. The company has a 50-day moving average price of C$112.52 and a two-hundred day moving average price of C$101.81. The company has a quick ratio of 0.89, a current ratio of 1.51 and a debt-to-equity ratio of 9.94.

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

Agnico Eagle Mines Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a $0.40 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.46%. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 135.63%.

Insider Activity at Agnico Eagle Mines

In related news, Senior Officer Ammar Al-Joundi sold 19,900 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of C$109.25, for a total value of C$2,174,075.00. Also, Director Sean Boyd sold 10,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of C$116.15, for a total value of C$1,161,500.00. Insiders sold 103,900 shares of company stock valued at $11,613,395 over the last ninety days. 0.08% of the stock is owned by insiders.

About Agnico Eagle Mines

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.