AEM FY2024 EPS Forecast Increased by National Bank Financial

Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM - Stock analysts at National Bank Financial upped their FY2024 earnings estimates for shares of Agnico Eagle Mines in a research note issued to investors on Tuesday, October 22nd. National Bank Financial analyst M. Parkin now expects that the mining company will post earnings per share of $4.32 for the year, up from their prior estimate of $3.74. The consensus estimate for Agnico Eagle Mines' current full-year earnings is $3.88 per share. National Bank Financial also issued estimates for Agnico Eagle Mines' FY2025 earnings at $5.75 EPS.

AEM has been the topic of a number of other research reports. UBS Group began coverage on Agnico Eagle Mines in a research report on Tuesday, September 17th. They set a "buy" rating and a $95.00 price objective on the stock. TD Securities boosted their price objective 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. Royal Bank of Canada raised their target price on shares of Agnico Eagle Mines from $80.00 to $87.00 and gave the company an "outperform" rating in a research note on Tuesday, September 10th. Scotiabank upped their price target on Agnico Eagle Mines from $81.00 to $94.00 and gave the stock a "sector outperform" rating in a research report on Monday, August 19th. Finally, StockNews.com raised Agnico Eagle Mines from a "hold" rating to a "buy" rating in a research report on Thursday, June 27th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $86.78.

Agnico Eagle Mines Stock Down 1.1 %

Shares of NYSE:AEM traded down $1.01 on Friday, reaching $86.92. The company had a trading volume of 2,328,180 shares, compared to its average volume of 2,672,038. The firm has a market capitalization of $43.48 billion, a PE ratio of 91.49, a PEG ratio of 0.71 and a beta of 1.10. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06. Agnico Eagle Mines has a 52-week low of $44.37 and a 52-week high of $89.00. The firm's 50 day simple moving average is $81.78 and its 200-day simple moving average is $73.24.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Continuum Advisory LLC increased its holdings in Agnico Eagle Mines by 1,134.4% in the 2nd quarter. Continuum Advisory LLC now owns 395 shares of the mining company's stock worth $26,000 after buying an additional 363 shares during the period. Stephens Consulting LLC purchased a new stake in Agnico Eagle Mines in the first quarter valued at $30,000. Abich Financial Wealth Management LLC acquired a new stake in Agnico Eagle Mines during the 2nd quarter worth about $32,000. FSC Wealth Advisors LLC acquired a new stake in Agnico Eagle Mines during the third quarter worth about $32,000. Finally, McClarren Financial Advisors Inc. lifted its holdings in Agnico Eagle Mines by 684.6% in the third quarter. McClarren Financial Advisors Inc. now owns 510 shares of the mining company's stock valued at $41,000 after acquiring an additional 445 shares during the period. 68.34% of the stock is currently owned by hedge funds and other 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.