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Agnico Eagle Mines (AEM) Stock Price, News & Analysis

$65.36
+0.47 (+0.72%)
(As of 04:25 PM ET)
Today's Range
$63.93
$65.41
50-Day Range
$62.22
$70.78
52-Week Range
$43.22
$71.50
Volume
1.23 million shs
Average Volume
3.01 million shs
Market Capitalization
$32.70 billion
P/E Ratio
68.80
Dividend Yield
2.45%
Price Target
$72.22

Agnico Eagle Mines MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.89 Rating Score
Upside/​Downside
10.5% Upside
$72.22 Price Target
Short Interest
Healthy
2.00% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-6.29
Upright™ Environmental Score
News Sentiment
0.57mentions of Agnico Eagle Mines in the last 14 days
Based on 22 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
5.70%
From $3.16 to $3.34 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.33 out of 5 stars

Basic Materials Sector

30th out of 168 stocks

Gold & Silver Ores Industry

3rd out of 36 stocks

AEM stock logo

About Agnico Eagle Mines Stock (NYSE:AEM)

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. Agnico Eagle Mines Limited was incorporated in 1953 and is headquartered in Toronto, Canada.

AEM Stock Price History

AEM Stock News Headlines

Loophole for Biden’s New Digital Currency Plan
Have you heard about Executive Order 14067? This lesser-known order introduced the Digital Dollar, an alarming plan aimed at controlling your spending. And it gets even more concerning: in November, the Federal Government and banks initiated a test program to implement the Digital Dollar.
Loophole for Biden’s New Digital Currency Plan
Have you heard about Executive Order 14067? This lesser-known order introduced the Digital Dollar, an alarming plan aimed at controlling your spending. And it gets even more concerning: in November, the Federal Government and banks initiated a test program to implement the Digital Dollar.
Agnico Eagle unveils underground mine plan for Detour Lake
Agnico Eagle Mines: Gold Reserves Continue To Grow
AGNICO EAGLE ANNOUNCES ELECTION OF DIRECTORS
See More Headlines
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Company Calendar

Last Earnings
4/25/2024
Ex-Dividend for 6/14 Dividend
5/31/2024
Dividend Payable
6/14/2024
Today
6/26/2024
Next Earnings (Estimated)
7/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Gold & silver ores
Sub-Industry
N/A
CIK
2809
Employees
15,875
Year Founded
1957

Price Target and Rating

Average Stock Price Target
$72.22
High Stock Price Target
$81.00
Low Stock Price Target
$59.00
Potential Upside/Downside
+11.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.89
Research Coverage
9 Analysts

Profitability

Net Income
$1.94 billion
Pretax Margin
12.99%

Debt

Sales & Book Value

Annual Sales
$6.63 billion
Cash Flow
$5.21 per share
Book Value
$39.02 per share

Miscellaneous

Free Float
497,724,000
Market Cap
$32.51 billion
Optionable
Optionable
Beta
1.11

Social Links

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Key Executives

  • Mr. James R. Porter B.A.Sc.
    CPA, CA, CPA, (Illinois), Executive VP of Finance & Chief Financial Officer
  • Mr. Jean Robitaille (Age 61)
    Executive VP and Chief Strategy & Technology Officer
    Comp: $1.02M
  • Ms. Natasha Nella Dominica Vaz MBA (Age 44)
    P. Eng., Executive VP and COO of Ontario, Australia & Mexico
    Comp: $1.06M
  • Mr. Ammar Al-Joundi M.B.A. (Age 60)
    CEO, President & Director
    Comp: $3.93M
  • Mr. Christopher Vollmershausen L.L.B.
    Executive VP of Legal, General Counsel & Corporate Secretary
  • Mr. Jason Allaire
    Vice President of Health, Safety, Social Affairs & People
  • Mr. Dominique Girard B.Sc.
    ENG., P.Eng., Executive VP and COO of Nunavut, Quebec & Europe
  • Ms. Carol-Ann Plummer-Theriault B.Sc.
    Eng., P.Eng., Executive Vice President of Operational Excellence
  • Mr. Guy Gosselin Eng.
    Ing, M.Sc., P.Eng., P.Geo., Executive Vice President of Exploration
  • Mr. Mohammed Ali
    Vice President of Sustainability & Regulatory Affairs

Should I Buy Agnico Eagle Mines Stock? AEM Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Agnico Eagle Mines Limited:

  • Agnico Eagle Mines Limited has shown consistent growth in its revenue and profitability over the past few quarters, indicating a strong financial performance.
  • The company has a solid track record of successfully managing its operations and maintaining a strong position in the mining industry.
  • Recent developments in the mining sector, such as increasing demand for precious metals, have positively impacted Agnico Eagle Mines Limited's stock price.
  • With a diversified portfolio of mining assets, Agnico Eagle Mines Limited is well-positioned to capitalize on opportunities in different regions and commodities.
  • The company's commitment to sustainable mining practices and environmental stewardship can attract socially responsible investors.

Cons

Investors should be bearish about investing in Agnico Eagle Mines Limited for these reasons:

  • The mining industry is inherently cyclical, and fluctuations in commodity prices can significantly impact Agnico Eagle Mines Limited's financial performance.
  • Operational risks, such as labor disputes, regulatory challenges, and geopolitical uncertainties, can pose threats to the company's mining activities and profitability.
  • Investing in mining companies like Agnico Eagle Mines Limited carries inherent market risk due to factors beyond the company's control, such as global economic conditions and geopolitical tensions.
  • Volatility in metal prices, particularly gold and silver, can lead to fluctuations in Agnico Eagle Mines Limited's stock price, affecting investor returns.
  • Investors should carefully consider the company's debt levels and financial leverage, as high debt burdens can increase the company's financial risk and impact its ability to navigate market challenges.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, June 8, 2024. Please send any questions or comments about these Agnico Eagle Mines pros and cons to contact@marketbeat.com.

AEM Stock Analysis - Frequently Asked Questions

Should I buy or sell Agnico Eagle Mines stock right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Agnico Eagle Mines in the last twelve months. There are currently 1 hold rating and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" AEM shares.
View AEM analyst ratings
or view top-rated stocks.

What is Agnico Eagle Mines' stock price target for 2024?

9 Wall Street research analysts have issued 12-month price objectives for Agnico Eagle Mines' shares. Their AEM share price targets range from $59.00 to $81.00. On average, they anticipate the company's stock price to reach $72.22 in the next year. This suggests a possible upside of 10.5% from the stock's current price.
View analysts price targets for AEM
or view top-rated stocks among Wall Street analysts.

How have AEM shares performed in 2024?

Agnico Eagle Mines' stock was trading at $54.85 on January 1st, 2024. Since then, AEM shares have increased by 19.2% and is now trading at $65.38.
View the best growth stocks for 2024 here
.

Are investors shorting Agnico Eagle Mines?

Agnico Eagle Mines saw a increase in short interest in May. As of May 31st, there was short interest totaling 9,970,000 shares, an increase of 24.8% from the May 15th total of 7,990,000 shares. Based on an average daily volume of 3,030,000 shares, the short-interest ratio is currently 3.3 days. Approximately 2.0% of the company's stock are short sold.
View Agnico Eagle Mines' Short Interest
.

When is Agnico Eagle Mines' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 24th 2024.
View our AEM earnings forecast
.

How were Agnico Eagle Mines' earnings last quarter?

Agnico Eagle Mines Limited (NYSE:AEM) issued its quarterly earnings data on Thursday, April, 25th. The mining company reported $0.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.60 by $0.16. The mining company earned $1.83 billion during the quarter, compared to the consensus estimate of $1.78 billion. Agnico Eagle Mines had a trailing twelve-month return on equity of 6.09% and a net margin of 6.79%. The business's quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter last year, the company earned $0.57 EPS.

How often does Agnico Eagle Mines pay dividends? What is the dividend yield for Agnico Eagle Mines?

Agnico Eagle Mines announced a quarterly dividend on Thursday, February 15th. Stockholders of record on Friday, May 31st will be paid a dividend of $0.40 per share on Friday, June 14th. This represents a $1.60 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date is Friday, May 31st.
Read our dividend analysis for AEM
.

Is Agnico Eagle Mines a good dividend stock?

Agnico Eagle Mines (NYSE:AEM) pays an annual dividend of $1.60 per share and currently has a dividend yield of 2.47%. The dividend payout ratio is 168.42%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, AEM will have a dividend payout ratio of 47.90% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AEM.

What is Camerano Luca Valerio's approval rating as Agnico Eagle Mines' CEO?

8 employees have rated Agnico Eagle Mines Chief Executive Officer Camerano Luca Valerio on Glassdoor.com. Camerano Luca Valerio has an approval rating of 87% among the company's employees.

What other stocks do shareholders of Agnico Eagle Mines own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Agnico Eagle Mines investors own include Barrick Gold (GOLD), Newmont (NEM), NVIDIA (NVDA), Royal Gold (RGLD), Micron Technology (MU), Wheaton Precious Metals (WPM), Cisco Systems (CSCO), Intel (INTC), Advanced Micro Devices (AMD) and Alibaba Group (BABA).

Who are Agnico Eagle Mines' major shareholders?

Agnico Eagle Mines' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Van ECK Associates Corp (4.46%), Vanguard Group Inc. (3.48%), Capital World Investors (1.96%), First Eagle Investment Management LLC (1.38%), TD Asset Management Inc (1.06%) and National Bank of Canada FI (0.80%).

How do I buy shares of Agnico Eagle Mines?

Shares of AEM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Agnico Eagle Mines have any subsidiaries?
The following companies are subsidiares of Agnico Eagle Mines: Agnico Eagle (usa) Limited, Agnico Eagle Finland Oy, Agnico Eagle Mines Limited, Agnico Sonora S.A. de C.V., Grayd Resource Corporation, Meliadine Holdings Inc, Servicios Agnico del Pacifico S.A. de C.V., and Servicios Pinos Altos S.A. de C.V..
Read More
This page (NYSE:AEM) was last updated on 6/26/2024 by MarketBeat.com Staff

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