Zacks Research Has Positive Outlook for AEM FY2024 Earnings

Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM - Stock analysts at Zacks Research upped their FY2024 earnings per share estimates for Agnico Eagle Mines in a report issued on Monday, January 13th. Zacks Research analyst A. Barman now expects that the mining company will earn $3.95 per share for the year, up from their previous estimate of $3.92. The consensus estimate for Agnico Eagle Mines' current full-year earnings is $4.07 per share. Zacks Research also issued estimates for Agnico Eagle Mines' Q4 2024 earnings at $0.98 EPS, Q1 2025 earnings at $0.79 EPS, Q3 2025 earnings at $0.91 EPS, Q4 2025 earnings at $0.98 EPS, FY2025 earnings at $3.54 EPS, Q1 2026 earnings at $0.80 EPS, Q2 2026 earnings at $0.87 EPS, Q3 2026 earnings at $0.89 EPS, Q4 2026 earnings at $0.86 EPS and FY2026 earnings at $3.41 EPS.

Other research analysts also recently issued reports about the stock. UBS Group assumed coverage on shares of Agnico Eagle Mines in a report on Tuesday, September 17th. They issued a "buy" rating and a $95.00 price objective for the company. Jefferies Financial Group lifted their price target on Agnico Eagle Mines from $85.00 to $88.00 and gave the company a "hold" rating in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $89.13.

Agnico Eagle Mines Stock Performance

NYSE:AEM traded up $0.38 on Wednesday, reaching $84.32. 1,204,710 shares of the company's stock were exchanged, compared to its average volume of 1,490,827. The firm has a market cap of $42.32 billion, a price-to-earnings ratio of 42.16, a P/E/G ratio of 0.68 and a beta of 1.08. 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 stock has a fifty day simple moving average of $81.68 and a 200-day simple moving average of $80.03. Agnico Eagle Mines has a 52 week low of $44.37 and a 52 week high of $89.00.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Daiwa Securities Group Inc. bought a new position in shares of Agnico Eagle Mines in the 2nd quarter worth $396,000. American Century Companies Inc. increased its stake in Agnico Eagle Mines by 2.1% in the second quarter. American Century Companies Inc. now owns 679,236 shares of the mining company's stock valued at $44,423,000 after acquiring an additional 14,010 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Agnico Eagle Mines by 1.9% during the second quarter. Envestnet Asset Management Inc. now owns 327,063 shares of the mining company's stock valued at $21,390,000 after purchasing an additional 6,043 shares in the last quarter. Lmcg Investments LLC lifted its stake in Agnico Eagle Mines by 3.6% during the second quarter. Lmcg Investments LLC now owns 202,249 shares of the mining company's stock worth $13,227,000 after purchasing an additional 6,954 shares during the last quarter. Finally, Plancorp LLC boosted its holdings in shares of Agnico Eagle Mines by 5.5% in the 2nd quarter. Plancorp LLC now owns 78,814 shares of the mining company's stock worth $5,154,000 after purchasing an additional 4,127 shares in the last quarter. 68.34% of the stock is currently owned by institutional investors.

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.