Research Analysts Offer Predictions for AEM FY2024 Earnings

Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM - Research analysts at Cormark raised their FY2024 EPS estimates for shares of Agnico Eagle Mines in a research report issued on Friday, November 1st. Cormark analyst R. Gray now expects that the mining company will post earnings per share of $4.23 for the year, up from their prior forecast of $4.07. The consensus estimate for Agnico Eagle Mines' current full-year earnings is $4.02 per share. Cormark also issued estimates for Agnico Eagle Mines' Q4 2024 earnings at $1.26 EPS.

A number of other equities analysts also recently issued reports on AEM. UBS Group assumed coverage on shares of Agnico Eagle Mines in a report on Tuesday, September 17th. They issued a "buy" rating and a $95.00 price target for the company. Royal Bank of Canada boosted their price target on Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 10th. TD Securities lifted their price objective on Agnico Eagle Mines from $90.00 to $91.00 and gave the stock a "buy" rating in a report on Friday, August 2nd. Scotiabank upped their target price on Agnico Eagle Mines from $81.00 to $94.00 and gave the company a "sector outperform" rating in a report on Monday, August 19th. Finally, CIBC lifted their price target on Agnico Eagle Mines from $81.00 to $101.00 and gave the stock an "outperformer" rating in a research note on Wednesday, July 10th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $86.78.

Agnico Eagle Mines Price Performance

NYSE:AEM traded up $0.09 during trading hours on Monday, hitting $85.89. The company's stock had a trading volume of 1,412,738 shares, compared to its average volume of 2,658,733. Agnico Eagle Mines has a 52-week low of $44.37 and a 52-week high of $89.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 1.75. The business's 50-day moving average is $82.30 and its two-hundred day moving average is $74.30. The company has a market capitalization of $43.09 billion, a PE ratio of 42.95, a PEG ratio of 0.76 and a beta of 1.09.

Institutional Investors Weigh In On Agnico Eagle Mines

Hedge funds have recently made changes to their positions in the business. Continuum Advisory LLC boosted its stake 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 last quarter. Abich Financial Wealth Management LLC acquired a new stake in shares of Agnico Eagle Mines in the second quarter worth approximately $32,000. FSC Wealth Advisors LLC acquired a new position in Agnico Eagle Mines during the third quarter worth approximately $32,000. McClarren Financial Advisors Inc. raised its stake in Agnico Eagle Mines by 684.6% during the third quarter. McClarren Financial Advisors Inc. now owns 510 shares of the mining company's stock worth $41,000 after purchasing an additional 445 shares during the period. Finally, WASHINGTON TRUST Co raised its stake in Agnico Eagle Mines by 92.1% during the second quarter. WASHINGTON TRUST Co now owns 730 shares of the mining company's stock worth $48,000 after purchasing an additional 350 shares during the period. Institutional investors and hedge funds own 68.34% of the company's stock.

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.