FY2024 EPS Estimates for TSE:AEM Boosted by Zacks Research

Agnico Eagle Mines Limited (TSE:AEM - Free Report) NYSE: AEM - Zacks Research boosted their FY2024 EPS estimates for shares of Agnico Eagle Mines in a note issued to investors on Monday, January 13th. Zacks Research analyst A. Barman now expects that the company will post earnings of $5.69 per share for the year, up from their prior forecast of $5.47. The consensus estimate for Agnico Eagle Mines' current full-year earnings is $5.50 per share. Zacks Research also issued estimates for Agnico Eagle Mines' Q4 2024 earnings at $1.41 EPS, Q1 2025 earnings at $1.14 EPS, Q2 2025 earnings at $1.24 EPS, Q3 2025 earnings at $1.31 EPS, Q4 2025 earnings at $1.41 EPS, FY2025 earnings at $5.10 EPS, Q1 2026 earnings at $1.15 EPS, Q2 2026 earnings at $1.25 EPS, Q3 2026 earnings at $1.28 EPS, Q4 2026 earnings at $1.24 EPS and FY2026 earnings at $4.91 EPS.

Agnico Eagle Mines (TSE:AEM - Get Free Report) NYSE: AEM last posted its quarterly earnings results on Wednesday, October 30th. The company reported C$1.56 EPS for the quarter, beating analysts' consensus estimates of C$1.35 by C$0.21. Agnico Eagle Mines had a net margin of 8.49% and a return on equity of 3.10%. The firm had revenue of C$2.94 billion for the quarter, compared to analysts' expectations of C$2.50 billion.

A number of other research analysts also recently issued reports on the company. UBS Group raised Agnico Eagle Mines to a "strong-buy" rating in a report on Tuesday, September 17th. Stifel Nicolaus raised their price target on shares of Agnico Eagle Mines from C$114.00 to C$140.00 in a report on Monday, October 21st. Finally, National Bankshares boosted their price objective on shares of Agnico Eagle Mines from C$143.00 to C$144.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Agnico Eagle Mines currently has a consensus rating of "Buy" and a consensus target price of C$116.00.

Agnico Eagle Mines Stock Up 0.2 %

AEM traded up C$0.30 during trading on Wednesday, hitting C$120.83. 764,701 shares of the company's stock traded hands, compared to its average volume of 812,374. The stock has a market capitalization of C$60.54 billion, a price-to-earnings ratio of 75.52, a PEG ratio of 22.97 and a beta of 1.10. The company's 50 day simple moving average is C$115.90 and its two-hundred day simple moving average is C$109.53. Agnico Eagle Mines has a 12-month low of C$60.17 and a 12-month high of C$123.86. 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 Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend was Friday, November 29th. Agnico Eagle Mines's dividend payout ratio (DPR) is presently 135.63%.

Insider Buying and Selling

In related news, Senior Officer Ammar Al-Joundi sold 19,900 shares of Agnico Eagle Mines stock in a transaction on Thursday, November 14th. The stock was sold at an average price of C$109.25, for a total transaction of C$2,174,075.00. Also, Director Sean Boyd sold 10,000 shares of the business's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of C$116.15, for a total value of C$1,161,500.00. Over the last quarter, insiders have sold 124,616 shares of company stock valued at $14,417,931. 0.08% of the stock is owned by insiders.

About Agnico Eagle Mines

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.