Q1 2024 Earnings Forecast for Agnico Eagle Mines Limited Issued By Cormark (TSE:AEM)

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Investment analysts at Cormark increased their Q1 2024 earnings per share (EPS) estimates for Agnico Eagle Mines in a report released on Monday, April 22nd. Cormark analyst R. Gray now anticipates that the company will earn $0.80 per share for the quarter, up from their previous forecast of $0.74. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $3.44 per share.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last posted its quarterly earnings data on Thursday, February 15th. The company reported C$0.78 earnings per share for the quarter, topping the consensus estimate of C$0.65 by C$0.13. The company had revenue of C$2.39 billion during the quarter, compared to analysts’ expectations of C$2.04 billion. Agnico Eagle Mines had a return on equity of 10.89% and a net margin of 29.29%.

Several other research analysts have also recently weighed in on the company. Eight Capital upped their price objective on Agnico Eagle Mines from C$92.00 to C$105.00 and gave the stock a “buy” rating in a research report on Monday. Stifel Nicolaus increased their price target on Agnico Eagle Mines from C$94.00 to C$104.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Veritas Investment Research increased their price target on Agnico Eagle Mines from C$88.40 to C$118.00 in a research report on Friday, April 12th. Canaccord Genuity Group increased their price target on Agnico Eagle Mines from C$92.00 to C$105.00 in a research report on Tuesday. Finally, National Bank Financial reissued an “outperform overweight” rating on shares of Agnico Eagle Mines in a research report on Monday, April 8th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$97.50.

Agnico Eagle Mines Stock Up 1.5 %

AEM stock opened at C$87.26 on Tuesday. The company has a debt-to-equity ratio of 10.32, a current ratio of 2.09 and a quick ratio of 0.89. The stock has a market capitalization of C$43.48 billion, a P/E ratio of 16.13, a P/E/G ratio of 22.97 and a beta of 1.07. The business has a 50-day moving average of C$75.80 and a 200-day moving average of C$70.86. Agnico Eagle Mines has a fifty-two week low of C$59.36 and a fifty-two week high of C$88.27.

Agnico Eagle Mines Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $0.537 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.15 annualized dividend and a yield of 2.46%. Agnico Eagle Mines’s dividend payout ratio is 39.74%.

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.