Equities Analysts Issue Forecasts for TSE:AEM Q3 Earnings

Agnico Eagle Mines Limited (TSE:AEM - Free Report) NYSE: AEM - Analysts at Cormark reduced their Q3 2024 earnings per share estimates for Agnico Eagle Mines in a report released on Wednesday, October 23rd. Cormark analyst R. Gray now expects that the company will post earnings per share of $1.45 for the quarter, down from their previous estimate of $1.56. The consensus estimate for Agnico Eagle Mines' current full-year earnings is $5.50 per share.

AEM has been the topic of several other research reports. Canaccord Genuity Group raised their price objective on Agnico Eagle Mines from C$105.00 to C$118.00 in a research note on Tuesday, July 23rd. UBS Group upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a research note on Tuesday, September 17th. Stifel Nicolaus upped their price target on shares of Agnico Eagle Mines from C$114.00 to C$140.00 in a research report on Monday, October 21st. Finally, Eight Capital lifted their target price on shares of Agnico Eagle Mines from C$105.00 to C$115.00 in a research note on Thursday, July 11th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Agnico Eagle Mines presently has a consensus rating of "Buy" and an average price target of C$110.29.

Agnico Eagle Mines Stock Performance

Shares of AEM stock traded down C$0.27 during mid-day trading on Monday, reaching C$120.52. 1,112,869 shares of the company's stock traded hands, compared to its average volume of 1,223,541. Agnico Eagle Mines has a 12 month low of C$60.17 and a 12 month high of C$123.08. The firm has a 50 day moving average price of C$110.06 and a two-hundred day moving average price of C$98.75. The firm has a market capitalization of C$60.38 billion, a PE ratio of 75.49, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10. The company has a debt-to-equity ratio of 9.94, a quick ratio of 0.89 and a current ratio of 1.51.

Agnico Eagle Mines (TSE:AEM - Get Free Report) NYSE: AEM last posted its quarterly earnings data on Wednesday, July 31st. The company reported C$1.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of C$2.84 billion for the quarter, compared to the consensus estimate of C$2.36 billion.

Insider Activity at Agnico Eagle Mines

In other news, Senior Officer Jean Robitaille sold 15,000 shares of the company's stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of C$113.42, for a total transaction of C$1,701,300.00. In related news, Senior Officer Dominique Girard sold 20,000 shares of the firm's stock in a transaction dated Friday, September 13th. The stock was sold at an average price of C$113.49, for a total transaction of C$2,269,800.00. Also, Senior Officer Jean Robitaille sold 15,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$113.42, for a total transaction of C$1,701,300.00. Insiders sold 115,000 shares of company stock valued at $12,518,150 over the last 90 days. Insiders own 0.08% of the company's stock.

Agnico Eagle Mines Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were paid a $0.547 dividend. This represents a $2.19 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend was Friday, August 30th. This is a positive change from Agnico Eagle Mines's previous quarterly dividend of $0.40. Agnico Eagle Mines's payout ratio is 135.63%.

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.