Agnico Eagle Mines Limited (TSE:AEM - Free Report) NYSE: AEM - Equities research analysts at Raymond James raised their Q3 2024 earnings per share estimates for Agnico Eagle Mines in a research report issued on Monday, October 21st. Raymond James analyst F. Hamed now anticipates that the company will earn $1.41 per share for the quarter, up from their prior forecast of $1.36. The consensus estimate for Agnico Eagle Mines' current full-year earnings is $5.50 per share. Raymond James also issued estimates for Agnico Eagle Mines' Q4 2024 earnings at $1.48 EPS and FY2024 earnings at $5.41 EPS.
A number of other equities analysts also recently issued reports on the company. UBS Group upgraded Agnico Eagle Mines to a "strong-buy" rating in a research note on Tuesday, September 17th. Canaccord Genuity Group boosted their price target on Agnico Eagle Mines from C$105.00 to C$118.00 in a research note on Tuesday, July 23rd. Eight Capital increased their price objective on shares of Agnico Eagle Mines from C$105.00 to C$115.00 in a research note on Thursday, July 11th. Finally, Stifel Nicolaus upped their target price on shares of Agnico Eagle Mines from C$114.00 to C$140.00 in a report on Monday. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of C$110.29.
Check Out Our Latest Analysis on Agnico Eagle Mines
Agnico Eagle Mines Stock Performance
AEM stock traded up C$1.03 on Wednesday, hitting C$122.65. The company had a trading volume of 971,635 shares, compared to its average volume of 1,222,317. The company has a current ratio of 1.51, a quick ratio of 0.89 and a debt-to-equity ratio of 9.94. Agnico Eagle Mines has a 12-month low of C$60.17 and a 12-month high of C$122.66. The stock has a market cap of C$61.45 billion, a price-to-earnings ratio of 76.26, a P/E/G ratio of 22.97 and a beta of 1.10. The stock's 50-day simple moving average is C$109.34 and its 200 day simple moving average is C$98.04.
Agnico Eagle Mines (TSE:AEM - Get Free Report) NYSE: AEM last posted its earnings results on Wednesday, July 31st. The company reported C$1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.27 by C$0.19. Agnico Eagle Mines had a net margin of 8.49% and a return on equity of 3.10%. The business had revenue of C$2.84 billion for the quarter, compared to analysts' expectations of C$2.36 billion.
Insider Activity
In other Agnico Eagle Mines news, Director John Merfyn Roberts sold 2,000 shares of the company's stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of C$111.84, for a total value of C$223,680.00. In other news, Senior Officer Carol-Ann Plummer-Theriault sold 25,000 shares of Agnico Eagle Mines stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of C$101.85, for a total value of C$2,546,250.00. Also, Director John Merfyn Roberts sold 2,000 shares of the firm's stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of C$111.84, for a total value of C$223,680.00. Insiders have sold 115,000 shares of company stock worth $12,518,150 over the last ninety days. Corporate insiders own 0.08% of the company's stock.
Agnico Eagle Mines Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were issued a dividend of $0.547 per share. The ex-dividend date was Friday, August 30th. This is a boost from Agnico Eagle Mines's previous quarterly dividend of $0.40. This represents a $2.19 dividend on an annualized basis and a yield of 1.78%. Agnico Eagle Mines's dividend payout ratio (DPR) is currently 135.63%.
About Agnico Eagle Mines
(
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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.
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