Q1 2024 EPS Estimates for Agnico Eagle Mines Limited (NYSE:AEM) Lifted by Analyst

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Stock analysts at Raymond James upped their Q1 2024 earnings per share estimates for Agnico Eagle Mines in a report released on Thursday, April 18th. Raymond James analyst F. Hamed now forecasts that the mining company will post earnings of $0.61 per share for the quarter, up from their prior estimate of $0.57. Raymond James currently has a “Outperform” rating and a $71.00 target price on the stock. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $2.51 per share.

Several other research analysts have also recently commented on the company. Jefferies Financial Group boosted their target price on Agnico Eagle Mines from $54.00 to $57.00 and gave the stock a “hold” rating in a research note on Monday. National Bank Financial reissued an “outperform overweight” rating on shares of Agnico Eagle Mines in a research note on Monday, April 8th. TD Securities lowered their target price on Agnico Eagle Mines from $64.00 to $62.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. Finally, CIBC lowered their target price on Agnico Eagle Mines from $72.00 to $69.00 and set an “outperform” rating for the company in a research note on Wednesday, February 7th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Agnico Eagle Mines has a consensus rating of “Moderate Buy” and a consensus price target of $64.14.

Agnico Eagle Mines Trading Up 1.1 %

AEM opened at $62.92 on Monday. Agnico Eagle Mines has a 12 month low of $43.22 and a 12 month high of $64.19. The stock has a market capitalization of $31.37 billion, a price-to-earnings ratio of 15.31, a PEG ratio of 0.96 and a beta of 1.06. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.09 and a quick ratio of 0.74. The business has a fifty day moving average price of $55.81 and a 200 day moving average price of $52.29.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings data on Friday, February 16th. The mining company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.09. Agnico Eagle Mines had a return on equity of 5.54% and a net margin of 29.29%. The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same period in the previous year, the firm posted $0.41 earnings per share. The company’s revenue was up 26.9% on a year-over-year basis.

Agnico Eagle Mines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $1.60 annualized dividend and a dividend yield of 2.54%. Agnico Eagle Mines’s dividend payout ratio is currently 38.93%.

Institutional Trading of Agnico Eagle Mines

Several institutional investors and hedge funds have recently made changes to their positions in AEM. Stephens Consulting LLC purchased a new stake in shares of Agnico Eagle Mines in the 1st quarter valued at about $30,000. Bruce G. Allen Investments LLC purchased a new stake in shares of Agnico Eagle Mines in the 4th quarter valued at about $33,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Agnico Eagle Mines in the 3rd quarter valued at about $34,000. CVA Family Office LLC purchased a new stake in Agnico Eagle Mines during the 4th quarter valued at approximately $36,000. Finally, Janiczek Wealth Management LLC raised its stake in Agnico Eagle Mines by 406.4% during the 1st quarter. Janiczek Wealth Management LLC now owns 709 shares of the mining company’s stock valued at $42,000 after acquiring an additional 569 shares during the last quarter. 68.34% of the stock is owned by hedge funds and other institutional investors.

About Agnico Eagle Mines

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.