FY2024 Earnings Estimate for AEM Issued By Scotiabank

Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM - Equities researchers at Scotiabank issued their FY2024 earnings per share (EPS) estimates for Agnico Eagle Mines in a note issued to investors on Wednesday, January 8th. Scotiabank analyst T. Jakusconek forecasts that the mining company will post earnings of $3.93 per share for the year. The consensus estimate for Agnico Eagle Mines' current full-year earnings is $4.07 per share. Scotiabank also issued estimates for Agnico Eagle Mines' FY2025 earnings at $4.52 EPS.

A number of other analysts have also recently issued reports on the stock. Jefferies Financial Group increased 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. UBS Group initiated coverage on Agnico Eagle Mines in a research note on Tuesday, September 17th. They issued a "buy" rating and a $95.00 price target for the company. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Agnico Eagle Mines presently has an average rating of "Moderate Buy" and an average price target of $87.11.

Agnico Eagle Mines Stock Performance

Agnico Eagle Mines stock traded up $0.98 during midday trading on Friday, hitting $84.34. The stock had a trading volume of 2,239,550 shares, compared to its average volume of 1,606,141. Agnico Eagle Mines has a 52-week low of $44.37 and a 52-week high of $89.00. The company has a market capitalization of $42.33 billion, a PE ratio of 42.17, a P/E/G ratio of 0.68 and a beta of 1.08. The firm's fifty day moving average is $81.82 and its two-hundred day moving average is $79.45. The company has a current ratio of 1.75, a quick ratio of 0.83 and a debt-to-equity ratio of 0.06.

Hedge Funds Weigh In On Agnico Eagle Mines

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC raised its position in Agnico Eagle Mines by 448.6% during the second quarter. Acadian Asset Management LLC now owns 39,500 shares of the mining company's stock valued at $2,580,000 after purchasing an additional 32,300 shares during the period. Wedbush Securities Inc. bought a new stake in Agnico Eagle Mines in the second quarter worth $665,000. Choreo LLC boosted its stake in Agnico Eagle Mines by 255.0% during the second quarter. Choreo LLC now owns 16,002 shares of the mining company's stock worth $1,042,000 after buying an additional 11,494 shares during the period. Andra AP fonden bought a new position in Agnico Eagle Mines during the second quarter valued at $5,161,000. Finally, Daiwa Securities Group Inc. purchased a new stake in shares of Agnico Eagle Mines in the second quarter valued at $396,000. 68.34% of the stock is owned by institutional investors.

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.