FY2024 EPS Estimates for Agnico Eagle Mines Limited Boosted by Analyst (NYSE:AEM)

Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM - Analysts at Raymond James lifted their FY2024 EPS estimates for shares of Agnico Eagle Mines in a report released on Monday, September 23rd. Raymond James analyst F. Hamed now expects that the mining company will post earnings per share of $3.90 for the year, up from their prior estimate of $3.43. The consensus estimate for Agnico Eagle Mines' current full-year earnings is $3.73 per share. Raymond James also issued estimates for Agnico Eagle Mines' Q4 2024 earnings at $1.07 EPS, Q1 2025 earnings at $1.07 EPS, Q2 2025 earnings at $1.07 EPS, Q3 2025 earnings at $1.07 EPS, Q4 2025 earnings at $1.07 EPS and FY2025 earnings at $4.29 EPS.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last issued its earnings results on Wednesday, July 31st. The mining company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.14. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.03 billion. Agnico Eagle Mines had a return on equity of 7.16% and a net margin of 8.44%. The business's quarterly revenue was up 20.9% on a year-over-year basis. During the same quarter last year, the company earned $0.65 EPS.

Several other equities research analysts have also commented on AEM. TD Securities lifted their price target on shares of Agnico Eagle Mines from $90.00 to $91.00 and gave the stock a "buy" rating in a research note on Friday, August 2nd. Scotiabank lifted their price target on shares of Agnico Eagle Mines from $81.00 to $94.00 and gave the stock a "sector outperform" rating in a research note on Monday, August 19th. UBS Group assumed coverage on shares of Agnico Eagle Mines in a research note on Tuesday, September 17th. They set a "buy" rating and a $95.00 price target on the stock. CIBC lifted their price target on shares of Agnico Eagle Mines from $81.00 to $101.00 and gave the stock an "outperformer" rating in a research note on Wednesday, July 10th. Finally, Jefferies Financial Group raised their price objective on shares of Agnico Eagle Mines from $59.00 to $66.00 and gave the stock a "hold" rating in a research report on Friday, July 12th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $84.67.

Agnico Eagle Mines Stock Down 0.2 %

Shares of NYSE:AEM traded down $0.16 during trading on Thursday, hitting $84.08. 3,315,698 shares of the company were exchanged, compared to its average volume of 2,709,202. The firm's 50 day moving average price is $78.84 and its 200-day moving average price is $69.66. Agnico Eagle Mines has a 12-month low of $43.22 and a 12-month high of $85.14. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.51 and a quick ratio of 0.76. The stock has a market capitalization of $42.06 billion, a P/E ratio of 88.51, a PEG ratio of 0.78 and a beta of 1.10.

Institutional Trading of Agnico Eagle Mines

Institutional investors have recently added to or reduced their stakes in the stock. Financial Sense Advisors Inc. boosted its holdings in Agnico Eagle Mines by 372.3% during the first quarter. Financial Sense Advisors Inc. now owns 62,330 shares of the mining company's stock worth $3,718,000 after buying an additional 49,132 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in Agnico Eagle Mines during the fourth quarter worth about $2,297,000. Manning & Napier Advisors LLC acquired a new position in Agnico Eagle Mines during the second quarter worth about $2,595,000. FIL Ltd raised its position in Agnico Eagle Mines by 16.4% during the fourth quarter. FIL Ltd now owns 20,107,126 shares of the mining company's stock worth $1,102,481,000 after acquiring an additional 2,831,794 shares during the last quarter. Finally, Crestline Management LP raised its position in Agnico Eagle Mines by 28.8% during the fourth quarter. Crestline Management LP now owns 180,891 shares of the mining company's stock worth $9,922,000 after acquiring an additional 40,483 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.