Scotiabank Predicts Stronger Earnings for Agnico Eagle Mines

Agnico Eagle Mines Limited (TSE:AEM - Free Report) NYSE: AEM - Analysts at Scotiabank boosted their FY2024 earnings per share estimates for shares of Agnico Eagle Mines in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now forecasts that the company will post earnings per share of $5.64 for the year, up from their previous estimate of $4.75. The consensus estimate for Agnico Eagle Mines' current full-year earnings is $5.50 per share. Scotiabank also issued estimates for Agnico Eagle Mines' FY2025 earnings at $6.49 EPS.

Agnico Eagle Mines (TSE:AEM - Get Free Report) NYSE: AEM last announced its quarterly earnings results on Wednesday, October 30th. The company reported C$1.56 earnings per share for the quarter, beating analysts' consensus estimates of C$1.35 by C$0.21. The firm had revenue of C$2.94 billion for the quarter, compared to analyst estimates of C$2.50 billion. Agnico Eagle Mines had a net margin of 8.49% and a return on equity of 3.10%.

Several other equities research analysts have also recently commented on the stock. UBS Group raised shares of Agnico Eagle Mines to a "strong-buy" rating in a research report on Tuesday, September 17th. National Bankshares increased their price target on Agnico Eagle Mines from C$143.00 to C$144.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Finally, Stifel Nicolaus boosted their price target on Agnico Eagle Mines from C$114.00 to C$140.00 in a research report on Monday, October 21st. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of C$116.00.

Agnico Eagle Mines Stock Down 0.0 %

Shares of TSE:AEM traded down C$0.06 during mid-day trading on Friday, reaching C$121.69. 961,579 shares of the stock were exchanged, compared to its average volume of 812,825. The stock's 50 day simple moving average is C$115.84 and its 200-day simple moving average is C$108.86. 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 company has a market cap of C$60.97 billion, a P/E ratio of 76.06, a P/E/G ratio of 22.97 and a beta of 1.10. Agnico Eagle Mines has a one year low of C$60.17 and a one year high of C$123.86.

Insider Transactions at Agnico Eagle Mines

In other Agnico Eagle Mines news, Senior Officer Ammar Al-Joundi sold 19,900 shares of the stock in a transaction dated 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, Director Sean Boyd sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of C$116.15, for a total transaction of C$1,161,500.00. In the last three months, insiders sold 102,616 shares of company stock worth $11,802,219. 0.08% of the stock is owned by company insiders.

Agnico Eagle Mines Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were given a $0.40 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.31%. Agnico Eagle Mines's payout ratio is 135.63%.

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.