National Bank Financial Forecasts AEM Q3 Earnings

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Equities researchers at National Bank Financial issued their Q3 2024 EPS estimates for shares of Agnico Eagle Mines in a note issued to investors on Tuesday, October 22nd. National Bank Financial analyst M. Parkin forecasts that the mining company will post earnings of $1.12 per share for the quarter. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $3.88 per share.

Other research analysts also recently issued research reports about the stock. CIBC boosted their price target on shares of Agnico Eagle Mines from $81.00 to $101.00 and gave the stock an “outperformer” rating in a research report on Wednesday, July 10th. StockNews.com upgraded shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating in a research report on Thursday, June 27th. UBS Group assumed coverage on shares of Agnico Eagle Mines in a research report on Tuesday, September 17th. They set a “buy” rating and a $95.00 target price on the stock. Scotiabank boosted their target price on shares of Agnico Eagle Mines from $81.00 to $94.00 and gave the company a “sector outperform” rating in a research report on Monday, August 19th. Finally, Jefferies Financial Group boosted their target price on shares of Agnico Eagle Mines from $68.00 to $85.00 and gave the company a “hold” rating in a research report on Friday, October 4th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.78.

Agnico Eagle Mines Trading Up 0.7 %

AEM opened at $88.64 on Thursday. Agnico Eagle Mines has a fifty-two week low of $44.37 and a fifty-two week high of $88.64. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.51 and a quick ratio of 0.76. The firm has a market capitalization of $44.34 billion, a price-to-earnings ratio of 93.31, a PEG ratio of 0.71 and a beta of 1.10. The company’s 50 day moving average price is $81.45 and its two-hundred day moving average price is $72.96.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its earnings results on Wednesday, July 31st. The mining company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.14. Agnico Eagle Mines had a net margin of 8.44% and a return on equity of 7.16%. The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period in the previous year, the firm posted $0.65 EPS. The company’s revenue for the quarter was up 20.9% compared to the same quarter last year.

Institutional Trading of Agnico Eagle Mines

A number of large investors have recently added to or reduced their stakes in the stock. Moody Lynn & Lieberson LLC increased its holdings in Agnico Eagle Mines by 1,414.8% during the third quarter. Moody Lynn & Lieberson LLC now owns 48,473 shares of the mining company’s stock worth $3,905,000 after buying an additional 45,273 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in Agnico Eagle Mines by 12.9% during the third quarter. Assenagon Asset Management S.A. now owns 16,744 shares of the mining company’s stock worth $1,350,000 after buying an additional 1,916 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co increased its holdings in Agnico Eagle Mines by 5.5% during the third quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 94,966 shares of the mining company’s stock worth $7,650,000 after buying an additional 4,977 shares during the last quarter. Riverwater Partners LLC increased its holdings in Agnico Eagle Mines by 32.0% during the third quarter. Riverwater Partners LLC now owns 4,397 shares of the mining company’s stock worth $359,000 after buying an additional 1,067 shares during the last quarter. Finally, Brighton Jones LLC purchased a new stake in Agnico Eagle Mines during the third quarter worth about $232,000. Hedge funds and other institutional investors own 68.34% of the company’s stock.

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.