Brokers Issue Forecasts for AEM Q4 Earnings

Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM - Investment analysts at National Bank Financial issued their Q4 2024 earnings per share (EPS) estimates for Agnico Eagle Mines in a research note issued on Monday, February 10th. National Bank Financial analyst M. Parkin expects that the mining company will post earnings of $1.19 per share for the quarter. The consensus estimate for Agnico Eagle Mines' current full-year earnings is $4.14 per share. National Bank Financial also issued estimates for Agnico Eagle Mines' FY2025 earnings at $5.67 EPS.

Other equities research analysts have also recently issued research reports about the company. Jefferies Financial Group boosted their price objective on Agnico Eagle Mines from $85.00 to $88.00 and gave the company a "hold" rating in a research note on Tuesday, January 7th. Scotiabank upped their price objective on Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a "sector outperform" rating in a report on Tuesday, January 21st. Finally, Royal Bank of Canada upped their price objective on Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an "outperform" rating in a report on Tuesday. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Agnico Eagle Mines presently has a consensus rating of "Moderate Buy" and a consensus price target of $92.75.

Agnico Eagle Mines Stock Performance

NYSE AEM traded down $5.06 on Wednesday, reaching $95.75. The stock had a trading volume of 4,623,011 shares, compared to its average volume of 1,902,290. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.83 and a current ratio of 1.75. Agnico Eagle Mines has a 12-month low of $45.75 and a 12-month high of $101.45. The business's 50-day moving average price is $86.51 and its 200 day moving average price is $83.16. The stock has a market cap of $48.09 billion, a P/E ratio of 47.87, a price-to-earnings-growth ratio of 0.66 and a beta of 1.10.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last issued its quarterly earnings data on Thursday, February 13th. The mining company reported $1.26 earnings per share for the quarter, missing analysts' consensus estimates of $1.70 by ($0.44). Agnico Eagle Mines had a net margin of 12.86% and a return on equity of 8.88%.

Institutional Trading of Agnico Eagle Mines

Several institutional investors and hedge funds have recently made changes to their positions in AEM. Van ECK Associates Corp lifted its position in Agnico Eagle Mines by 3.6% during the fourth quarter. Van ECK Associates Corp now owns 22,322,859 shares of the mining company's stock worth $1,745,858,000 after buying an additional 778,919 shares during the period. Vanguard Group Inc. lifted its position in Agnico Eagle Mines by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 19,865,285 shares of the mining company's stock worth $1,554,180,000 after buying an additional 331,087 shares during the period. FMR LLC lifted its position in Agnico Eagle Mines by 43.5% during the third quarter. FMR LLC now owns 15,061,244 shares of the mining company's stock worth $1,213,311,000 after buying an additional 4,562,005 shares during the period. Capital World Investors lifted its position in Agnico Eagle Mines by 41.9% during the fourth quarter. Capital World Investors now owns 13,952,061 shares of the mining company's stock worth $1,091,550,000 after buying an additional 4,121,164 shares during the period. Finally, Norges Bank purchased a new position in Agnico Eagle Mines during the fourth quarter worth about $573,446,000. 68.34% of the stock is currently owned by hedge funds and other institutional investors.

Agnico Eagle Mines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.60 annualized dividend and a dividend yield of 1.67%. Agnico Eagle Mines's dividend payout ratio is currently 80.00%.

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.