Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Equities research analysts at Raymond James reduced their Q1 2021 earnings per share estimates for shares of Agnico Eagle Mines in a research report issued on Monday, April 5th. Raymond James analyst F. Hamed now anticipates that the company will post earnings per share of $0.68 for the quarter, down from their prior estimate of $0.98. Raymond James has a “Outperform” rating and a $115.00 price objective on the stock. Raymond James also issued estimates for Agnico Eagle Mines’ Q2 2021 earnings at $0.77 EPS, Q3 2021 earnings at $0.89 EPS and FY2021 earnings at $3.35 EPS.

AEM has been the subject of several other reports. Cormark lifted their target price on shares of Agnico Eagle Mines to C$122.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 17th. Canaccord Genuity dropped their target price on Agnico Eagle Mines from C$115.00 to C$110.00 in a research note on Tuesday, February 23rd. JPMorgan Chase & Co. lowered their price target on Agnico Eagle Mines to C$103.00 and set a “neutral” rating for the company in a report on Tuesday, February 16th. TD Securities cut their price target on shares of Agnico Eagle Mines to C$85.00 and set a “buy” rating on the stock in a research note on Tuesday, February 16th. Finally, Royal Bank of Canada reissued a “sector perform” rating on shares of Agnico Eagle Mines in a research note on Friday, February 12th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$114.14.

Shares of AEM opened at C$75.81 on Thursday. Agnico Eagle Mines has a 1 year low of C$62.95 and a 1 year high of C$117.35. The company’s 50 day simple moving average is C$74.25 and its 200 day simple moving average is C$90.12. The company has a market capitalization of C$18.47 billion and a price-to-earnings ratio of 36.10. The company has a debt-to-equity ratio of 29.66, a quick ratio of 0.95 and a current ratio of 2.42.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its earnings results on Thursday, February 11th. The company reported C$0.87 earnings per share for the quarter, beating the consensus estimate of C$0.86 by C$0.01. The firm had revenue of C$1.21 billion during the quarter, compared to analyst estimates of C$1.20 billion.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 22nd. Shareholders of record on Monday, March 1st were paid a dividend of $0.447 per share. The ex-dividend date was Friday, February 26th. This represents a $1.79 annualized dividend and a yield of 2.36%. Agnico Eagle Mines’s payout ratio is 45.24%.

In other news, Senior Officer Ammar Al-Joundi sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 12th. The stock was sold at an average price of C$88.41, for a total transaction of C$1,768,200.00. Following the completion of the transaction, the insider now directly owns 117,542 shares of the company’s stock, valued at C$10,391,888.22. Also, Director Sean Boyd sold 90,000 shares of the firm’s stock in a transaction that occurred on Monday, January 11th. The stock was sold at an average price of C$89.74, for a total value of C$8,076,600.00. Following the completion of the sale, the director now directly owns 123,455 shares in the company, valued at approximately C$11,078,851.70. Insiders have acquired 16,361 shares of company stock worth $1,224,658 over the last three months.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. The company operates through Northern Business and Southern Business segments. It primarily produces and sells gold deposit, as well as explores for silver, zinc, and copper deposits.

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Earnings History and Estimates for Agnico Eagle Mines (TSE:AEM)

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