Zacks Research Has Bullish Outlook for AEM FY2024 Earnings

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Investment analysts at Zacks Research upped their FY2024 earnings per share (EPS) estimates for shares of Agnico Eagle Mines in a note issued to investors on Monday, January 13th. Zacks Research analyst A. Barman now expects that the mining company will earn $3.95 per share for the year, up from their prior estimate of $3.92. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $4.13 per share. Zacks Research also issued estimates for Agnico Eagle Mines’ Q4 2024 earnings at $0.98 EPS, Q1 2025 earnings at $0.79 EPS, Q3 2025 earnings at $0.91 EPS, Q4 2025 earnings at $0.98 EPS, FY2025 earnings at $3.54 EPS, Q1 2026 earnings at $0.80 EPS, Q2 2026 earnings at $0.87 EPS, Q3 2026 earnings at $0.89 EPS, Q4 2026 earnings at $0.86 EPS and FY2026 earnings at $3.41 EPS.

Separately, Jefferies Financial Group boosted their price objective on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a research note on Tuesday, January 7th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.13.

Agnico Eagle Mines Stock Down 0.2 %

Shares of Agnico Eagle Mines stock opened at $84.14 on Wednesday. Agnico Eagle Mines has a 12-month low of $44.37 and a 12-month high of $89.00. The company has a quick ratio of 0.83, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. The stock has a 50 day moving average price of $81.70 and a two-hundred day moving average price of $80.06. The stock has a market capitalization of $42.23 billion, a P/E ratio of 42.07, a PEG ratio of 0.56 and a beta of 1.08.

Institutional Investors Weigh In On Agnico Eagle Mines

Several hedge funds and other institutional investors have recently modified their holdings of AEM. Versant Capital Management Inc acquired a new stake in Agnico Eagle Mines in the 4th quarter worth $26,000. Decker Retirement Planning Inc. bought a new position in Agnico Eagle Mines during the fourth quarter valued at about $29,000. Abich Financial Wealth Management LLC bought a new stake in shares of Agnico Eagle Mines in the 2nd quarter worth approximately $32,000. FSC Wealth Advisors LLC acquired a new stake in shares of Agnico Eagle Mines during the 3rd quarter worth approximately $32,000. Finally, McClarren Financial Advisors Inc. raised its stake in shares of Agnico Eagle Mines by 684.6% in the third quarter. McClarren Financial Advisors Inc. now owns 510 shares of the mining company’s stock valued at $41,000 after purchasing an additional 445 shares in the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.

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.