FY2024 EPS Estimate for Agnico Eagle Mines Lifted by Analyst

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Research analysts at Cormark upped their FY2024 EPS estimates for shares of Agnico Eagle Mines in a report released on Friday, November 1st. Cormark analyst R. Gray now forecasts that the mining company will post earnings per share of $4.23 for the year, up from their previous estimate of $4.07. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $4.05 per share. Cormark also issued estimates for Agnico Eagle Mines’ Q4 2024 earnings at $1.26 EPS.

A number of other analysts have also recently commented on AEM. Jefferies Financial Group upped their price target on Agnico Eagle Mines from $68.00 to $85.00 and gave the company a “hold” rating in a research note on Friday, October 4th. TD Securities upped 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. Royal Bank of Canada raised their price objective on shares of Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. CIBC increased their target price on Agnico Eagle Mines from $81.00 to $101.00 and gave the stock an “outperformer” rating in a report on Wednesday, July 10th. Finally, UBS Group started coverage on Agnico Eagle Mines in a report on Tuesday, September 17th. They issued a “buy” rating and a $95.00 price target on the stock. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Agnico Eagle Mines presently has an average rating of “Moderate Buy” and an average target price of $86.78.

Agnico Eagle Mines Trading Down 0.1 %

Shares of NYSE AEM opened at $85.82 on Monday. The company’s 50 day simple moving average is $82.38 and its 200 day simple moving average is $74.46. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 0.83. 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 $43.06 billion, a P/E ratio of 42.64, a P/E/G ratio of 0.74 and a beta of 1.09.

Institutional Trading of Agnico Eagle Mines

Large investors have recently made changes to their positions in the company. Norden Group LLC boosted its stake in shares of Agnico Eagle Mines by 67.5% in the 1st quarter. Norden Group LLC now owns 7,353 shares of the mining company’s stock valued at $439,000 after purchasing an additional 2,963 shares in the last quarter. Private Advisor Group LLC boosted its holdings in shares of Agnico Eagle Mines by 10.6% during the 1st quarter. Private Advisor Group LLC now owns 11,189 shares of the mining company’s stock valued at $667,000 after acquiring an additional 1,073 shares in the last quarter. Diversify Advisory Services LLC bought a new stake in Agnico Eagle Mines during the 1st quarter worth $260,000. Jennison Associates LLC increased its holdings in Agnico Eagle Mines by 1.0% in the 1st quarter. Jennison Associates LLC now owns 538,864 shares of the mining company’s stock worth $32,143,000 after purchasing an additional 5,136 shares in the last quarter. Finally, Financial Counselors Inc. boosted its stake in shares of Agnico Eagle Mines by 11.2% during the first quarter. Financial Counselors Inc. now owns 5,716 shares of the mining company’s stock valued at $341,000 after purchasing an additional 576 shares in the last quarter. Institutional investors and hedge funds 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.