Q4 Earnings Estimate for TSE:AEM Issued By Zacks Research

Agnico Eagle Mines Limited (TSE:AEM - Free Report) NYSE: AEM - Investment analysts at Zacks Research raised their Q4 2024 earnings per share estimates for shares of Agnico Eagle Mines in a research note issued to investors on Tuesday, November 12th. Zacks Research analyst A. Barman now anticipates that the company will post earnings of $1.33 per share for the quarter, up from their previous estimate of $1.23. 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 2025 earnings at $1.34 EPS and Q1 2026 earnings at $1.10 EPS.

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

Several other research analysts have also recently weighed in on the company. Stifel Nicolaus boosted their target price on Agnico Eagle Mines from C$114.00 to C$140.00 in a report on Monday, October 21st. National Bankshares boosted their price objective on Agnico Eagle Mines from C$143.00 to C$144.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. UBS Group raised Agnico Eagle Mines to a "strong-buy" rating in a research note on Tuesday, September 17th. Finally, Canaccord Genuity Group boosted their price target on shares of Agnico Eagle Mines from C$105.00 to C$118.00 in a research report on Tuesday, July 23rd. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of C$116.00.

Agnico Eagle Mines Price Performance

Shares of TSE:AEM traded up C$2.81 during midday trading on Thursday, hitting C$109.24. The company's stock had a trading volume of 1,361,608 shares, compared to its average volume of 1,217,552. 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 market cap of C$54.73 billion, a P/E ratio of 66.52, 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. The business's 50 day simple moving average is C$112.56 and its 200 day simple moving average is C$101.65.

Agnico Eagle Mines Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a $0.40 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.60 dividend on an annualized basis and a yield of 1.46%. Agnico Eagle Mines's payout ratio is currently 135.63%.

Insiders Place Their Bets

In other news, Senior Officer Dominique Girard sold 5,000 shares of the company's stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of C$109.29, for a total value of C$546,450.00. In other Agnico Eagle Mines news, Director John Merfyn Roberts sold 2,000 shares of the business's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of C$111.84, for a total transaction of C$223,680.00. Also, Senior Officer Dominique Girard sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of C$109.29, for a total transaction of C$546,450.00. Insiders sold a total of 89,000 shares of company stock valued at $9,985,770 over the last 90 days. 0.08% of the stock is owned by company insiders.

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.