Zacks Research Has Positive Forecast for AEM Q4 Earnings

Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM - Zacks Research increased their Q4 2024 earnings per share (EPS) estimates for Agnico Eagle Mines in a research report issued to clients and investors on Tuesday, November 12th. Zacks Research analyst A. Barman now expects that the mining company will earn $0.95 per share for the quarter, up from their previous forecast of $0.90. The consensus estimate for Agnico Eagle Mines' current full-year earnings is $4.05 per share. Zacks Research also issued estimates for Agnico Eagle Mines' Q3 2025 earnings at $0.90 EPS, Q4 2025 earnings at $0.96 EPS, Q1 2026 earnings at $0.79 EPS and Q2 2026 earnings at $0.85 EPS.

Other equities analysts have also issued reports about the stock. UBS Group initiated coverage on shares of Agnico Eagle Mines in a report on Tuesday, September 17th. They set a "buy" rating and a $95.00 target price for the company. Jefferies Financial Group increased their target price on Agnico Eagle Mines from $68.00 to $85.00 and gave the stock a "hold" rating in a research note on Friday, October 4th. TD Securities lifted their price target on Agnico Eagle Mines from $90.00 to $91.00 and gave the stock a "buy" rating in a research report on Friday, August 2nd. Royal Bank of Canada increased their price objective on shares of Agnico Eagle Mines from $80.00 to $87.00 and gave the company an "outperform" rating in a research report on Tuesday, September 10th. Finally, Scotiabank lifted their target price on shares of Agnico Eagle Mines from $81.00 to $94.00 and gave the stock a "sector outperform" rating in a report on Monday, August 19th. 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 a consensus rating of "Moderate Buy" and an average price target of $86.78.

Agnico Eagle Mines Stock Up 2.2 %

NYSE AEM traded up $1.65 during trading hours on Thursday, reaching $77.64. 3,803,581 shares of the company's stock traded hands, compared to its average volume of 2,677,059. 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 current ratio of 1.75 and a quick ratio of 0.83. The firm has a 50-day simple moving average of $82.45 and a 200 day simple moving average of $75.24. The firm has a market cap of $38.96 billion, a PE ratio of 38.00, a PEG ratio of 0.67 and a beta of 1.09.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. FMR LLC raised its position in Agnico Eagle Mines by 43.5% in the third quarter. FMR LLC now owns 15,061,244 shares of the mining company's stock worth $1,213,311,000 after acquiring an additional 4,562,005 shares during the period. National Bank of Canada FI raised its holdings in Agnico Eagle Mines by 27.9% in the 1st quarter. National Bank of Canada FI now owns 4,007,554 shares of the mining company's stock worth $239,051,000 after purchasing an additional 874,920 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in Agnico Eagle Mines by 16.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,892,898 shares of the mining company's stock valued at $474,660,000 after purchasing an additional 817,240 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Agnico Eagle Mines by 17.1% during the third quarter. The Manufacturers Life Insurance Company now owns 4,051,140 shares of the mining company's stock valued at $326,571,000 after purchasing an additional 591,178 shares during the period. Finally, TD Asset Management Inc increased its position in Agnico Eagle Mines by 10.3% in the second quarter. TD Asset Management Inc now owns 5,852,648 shares of the mining company's stock worth $382,720,000 after buying an additional 546,542 shares in the last quarter. Institutional investors 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.