Zacks Research Issues Positive Outlook for TSE:AEM Earnings

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Analysts at Zacks Research boosted their FY2024 earnings estimates for shares of Agnico Eagle Mines in a report issued on Monday, January 13th. Zacks Research analyst A. Barman now expects that the company will earn $5.69 per share for the year, up from their previous estimate 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.

AEM has been the subject of a number of other research reports. Stifel Nicolaus boosted their price objective on Agnico Eagle Mines from C$114.00 to C$140.00 in a research note on Monday, October 21st. UBS Group upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a research report on Tuesday, September 17th. Finally, National Bankshares increased their price target on shares of 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. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$116.00.

Agnico Eagle Mines Stock Up 1.6 %

Shares of TSE AEM opened at C$120.53 on Wednesday. The business has a 50-day moving average price of C$115.87 and a 200 day moving average price of C$109.30. The stock has a market cap of C$60.39 billion, a PE ratio of 75.33, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10. The company has a quick ratio of 0.89, a current ratio of 1.51 and a debt-to-equity ratio of 9.94. Agnico Eagle Mines has a 52-week low of C$60.17 and a 52-week high of C$123.86.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its quarterly earnings data on Wednesday, October 30th. The company reported C$1.56 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of C$2.94 billion during the quarter, compared to the consensus estimate of C$2.50 billion.

Agnico Eagle Mines Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend was Friday, November 29th. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 135.63%.

Insider Transactions at Agnico Eagle Mines

In related news, Director Sean Boyd sold 10,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of C$116.15, for a total transaction of C$1,161,500.00. Also, Senior Officer Ammar Al-Joundi sold 19,900 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of C$109.25, for a total transaction of C$2,174,075.00. Insiders sold 124,616 shares of company stock worth $14,417,931 over the last 90 days. 0.08% of the stock is currently owned by 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.