TSE:AEM FY2024 EPS Estimate Lifted by Zacks Research

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Research analysts at Zacks Research upped their FY2024 EPS estimates for shares of Agnico Eagle Mines in a research report issued on Monday, January 13th. Zacks Research analyst A. Barman now expects that the company will post earnings per share of $5.69 for the year, up from their previous estimate of $5.47. 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 2024 earnings at $1.41 EPS, Q1 2025 earnings at $1.14 EPS, Q2 2025 earnings at $1.24 EPS, Q3 2025 earnings at $1.31 EPS, Q4 2025 earnings at $1.41 EPS, FY2025 earnings at $5.10 EPS, Q1 2026 earnings at $1.15 EPS, Q2 2026 earnings at $1.25 EPS, Q3 2026 earnings at $1.28 EPS, Q4 2026 earnings at $1.24 EPS and FY2026 earnings at $4.91 EPS.

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

Several other equities analysts have also recently commented on the stock. Stifel Nicolaus lifted their target price on shares of Agnico Eagle Mines from C$114.00 to C$140.00 in a research report on Monday, October 21st. National Bankshares lifted their target price on shares of Agnico Eagle Mines from C$143.00 to C$144.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$116.00.

Agnico Eagle Mines Price Performance

Agnico Eagle Mines stock opened at C$121.21 on Wednesday. Agnico Eagle Mines has a 52 week low of C$60.17 and a 52 week high of C$123.86. The company’s 50 day moving average price is C$116.00 and its two-hundred day moving average price is C$109.76. 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 cap of C$60.73 billion, a P/E ratio of 75.76, a P/E/G ratio of 22.97 and a beta of 1.10.

Agnico Eagle Mines Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a dividend of $0.40 per share. The ex-dividend date was Friday, November 29th. This represents a $1.60 annualized dividend and a dividend yield of 1.32%. Agnico Eagle Mines’s payout ratio is currently 135.63%.

Insider Transactions at Agnico Eagle Mines

In related news, Senior Officer Ammar Al-Joundi sold 19,900 shares of Agnico Eagle Mines 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, Senior Officer Christopher Charles Norman Vollmershausen sold 15,072 shares of Agnico Eagle Mines stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of C$110.27, for a total transaction of C$1,661,989.44. Insiders sold a total of 124,616 shares of company stock worth $14,417,931 in the last quarter. Insiders own 0.08% 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.