FY2024 Earnings Forecast for AEM Issued By Zacks Research

Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM - Investment analysts at Zacks Research issued their FY2024 earnings per share (EPS) estimates for shares of Agnico Eagle Mines in a report released on Tuesday, November 12th. Zacks Research analyst A. Barman forecasts that the mining company will post earnings of $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.

A number of other analysts have also recently weighed in on the stock. Royal Bank of Canada raised their price target on shares of Agnico Eagle Mines from $80.00 to $87.00 and gave the company an "outperform" rating in a report on Tuesday, September 10th. Scotiabank upped their price target on shares of Agnico Eagle Mines from $81.00 to $94.00 and gave the company a "sector outperform" rating in a report on Monday, August 19th. UBS Group assumed coverage on Agnico Eagle Mines in a research report on Tuesday, September 17th. They issued a "buy" rating and a $95.00 price objective on the stock. TD Securities lifted their target price 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. Finally, Jefferies Financial Group increased their price target on shares of Agnico Eagle Mines from $68.00 to $85.00 and gave the stock a "hold" rating in a report on Friday, October 4th. 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 company currently has an average rating of "Moderate Buy" and an average price target of $86.78.

Agnico Eagle Mines Stock Down 1.1 %

Shares of AEM stock traded down $0.88 on Friday, hitting $76.76. The stock had a trading volume of 1,648,993 shares, compared to its average volume of 2,672,932. 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 business has a 50 day moving average price of $82.43 and a 200 day moving average price of $75.34. Agnico Eagle Mines has a one year low of $44.37 and a one year high of $89.00. The company has a market cap of $38.51 billion, a PE ratio of 38.38, a P/E/G ratio of 0.66 and a beta of 1.09.

Institutional Trading of Agnico Eagle Mines

A number of institutional investors and hedge funds have recently modified their holdings of AEM. Sapient Capital LLC boosted its holdings in shares of Agnico Eagle Mines by 1.3% during the 3rd quarter. Sapient Capital LLC now owns 11,001 shares of the mining company's stock valued at $886,000 after buying an additional 145 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in Agnico Eagle Mines by 2.2% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 7,217 shares of the mining company's stock valued at $472,000 after acquiring an additional 158 shares during the period. Azzad Asset Management Inc. ADV lifted its stake in Agnico Eagle Mines by 0.3% in the 2nd quarter. Azzad Asset Management Inc. ADV now owns 61,820 shares of the mining company's stock worth $4,043,000 after purchasing an additional 189 shares in the last quarter. Lombard Odier Asset Management Europe Ltd lifted its position in Agnico Eagle Mines by 0.4% during the second quarter. Lombard Odier Asset Management Europe Ltd now owns 49,651 shares of the mining company's stock valued at $3,248,000 after purchasing an additional 190 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft increased its position in Agnico Eagle Mines by 4.8% during the second quarter. Baader Bank Aktiengesellschaft now owns 4,192 shares of the mining company's stock valued at $269,000 after acquiring an additional 192 shares during the last quarter. Hedge funds and other institutional investors 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.