Brokers Offer Predictions for TSE:AEM Q3 Earnings

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Stifel Canada issued their Q3 2024 earnings per share estimates for Agnico Eagle Mines in a research note issued on Monday, October 21st. Stifel Canada analyst I. Rico expects that the company will post earnings of $1.34 per share for the quarter. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $5.50 per share. Stifel Canada also issued estimates for Agnico Eagle Mines’ FY2024 earnings at $5.46 EPS.

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

AEM has been the topic of a number of other research reports. Canaccord Genuity Group lifted their price target on Agnico Eagle Mines from C$105.00 to C$118.00 in a report on Tuesday, July 23rd. Stifel Nicolaus lifted their price target on Agnico Eagle Mines from C$114.00 to C$140.00 in a report on Monday. Eight Capital boosted their target price on Agnico Eagle Mines from C$105.00 to C$115.00 in a research note on Thursday, July 11th. Finally, UBS Group upgraded Agnico Eagle Mines to a “strong-buy” rating in a research note on Tuesday, September 17th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Agnico Eagle Mines currently has a consensus rating of “Buy” and an average price target of C$110.29.

Agnico Eagle Mines Stock Performance

Agnico Eagle Mines has a twelve month low of C$60.17 and a twelve month high of C$123.08. The company has a quick ratio of 0.89, a current ratio of 1.51 and a debt-to-equity ratio of 9.94. The stock has a market capitalization of C$61.03 billion, a P/E ratio of 75.06, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10. The company’s fifty day simple moving average is C$109.71 and its two-hundred day simple moving average is C$98.35.

Agnico Eagle Mines Increases Dividend

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

Insiders Place Their Bets

In other Agnico Eagle Mines news, Senior Officer Carol-Ann Plummer-Theriault sold 25,000 shares of the business’s stock in a transaction dated 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. In other Agnico Eagle Mines news, Senior Officer Carol-Ann Plummer-Theriault sold 25,000 shares of the business’s stock in a transaction dated 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 Dominique Girard sold 20,000 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of C$113.49, for a total value of C$2,269,800.00. Insiders sold 115,000 shares of company stock valued at $12,518,150 over the last quarter. 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.