FY2024 Earnings Estimate for AEM Issued By Zacks Research

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Equities research analysts at Zacks Research issued their FY2024 earnings estimates for shares of Agnico Eagle Mines in a note issued to investors on Tuesday, November 12th. Zacks Research analyst A. Barman expects that the mining company will earn $3.92 per share for the year. 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’ Q1 2025 earnings at $0.78 EPS, Q2 2025 earnings at $0.86 EPS, FY2025 earnings at $3.50 EPS, Q3 2026 earnings at $0.87 EPS and FY2026 earnings at $3.35 EPS.

Several other research firms have also commented on AEM. Jefferies Financial Group increased their price objective on shares of Agnico Eagle Mines from $68.00 to $85.00 and gave the company a “hold” rating in a research note on Friday, October 4th. Scotiabank boosted their price objective on Agnico Eagle Mines from $81.00 to $94.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. Royal Bank of Canada upped their price objective on Agnico Eagle Mines from $80.00 to $87.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. UBS Group initiated 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. Finally, TD Securities increased their price target on shares of Agnico Eagle Mines from $90.00 to $91.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $86.78.

Agnico Eagle Mines Stock Down 1.1 %

AEM opened at $76.76 on Friday. Agnico Eagle Mines has a fifty-two week low of $44.37 and a fifty-two week high of $89.00. The firm has a market capitalization of $38.51 billion, a P/E ratio of 38.38, a PEG ratio of 0.66 and a beta of 1.09. The company’s 50-day moving average is $82.43 and its 200 day moving average is $75.42. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 0.83.

Hedge Funds Weigh In On Agnico Eagle Mines

Several large investors have recently modified their holdings of AEM. Geode Capital Management LLC boosted its holdings in shares of Agnico Eagle Mines by 8.6% in the third quarter. Geode Capital Management LLC now owns 2,256,714 shares of the mining company’s stock worth $183,491,000 after acquiring an additional 178,999 shares during the period. Groupama Asset Managment lifted its holdings in Agnico Eagle Mines by 9.3% during the 3rd quarter. Groupama Asset Managment now owns 844,467 shares of the mining company’s stock worth $68,000 after purchasing an additional 72,042 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in Agnico Eagle Mines in the 3rd quarter worth about $358,000. MML Investors Services LLC purchased a new position in Agnico Eagle Mines during the 3rd quarter valued at about $252,000. Finally, Delos Wealth Advisors LLC increased its position in shares of Agnico Eagle Mines by 5.2% during the third quarter. Delos Wealth Advisors LLC now owns 40,593 shares of the mining company’s stock valued at $3,270,000 after buying an additional 2,004 shares during the period. Hedge funds and other 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.