Q2 2024 Earnings Forecast for Agnico Eagle Mines Limited Issued By Raymond James (TSE:AEM)

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Stock analysts at Raymond James lifted their Q2 2024 EPS estimates for Agnico Eagle Mines in a report released on Monday, April 22nd. Raymond James analyst F. Hamed now forecasts that the company will post earnings per share of $1.16 for the quarter, up from their previous estimate of $0.72. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $3.44 per share. Raymond James also issued estimates for Agnico Eagle Mines’ Q3 2024 earnings at $1.20 EPS, Q4 2024 earnings at $1.23 EPS and FY2024 earnings at $4.44 EPS.

Other analysts also recently issued reports about the stock. Eight Capital raised their price objective on shares of Agnico Eagle Mines from C$92.00 to C$105.00 and gave the company a “buy” rating in a research report on Monday. Cormark decreased their price objective on shares of Agnico Eagle Mines from C$97.00 to C$90.00 in a research report on Tuesday, February 20th. Stifel Nicolaus raised their price objective on shares of 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. TD Securities decreased their price objective on shares of Agnico Eagle Mines to C$62.00 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. Finally, National Bank Financial restated 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, According to MarketBeat.com, Agnico Eagle Mines has a consensus rating of “Buy” and a consensus price target of C$97.50.

Agnico Eagle Mines Stock Up 1.5 %

AEM opened at C$87.26 on Thursday. The company has a current ratio of 2.09, a quick ratio of 0.89 and a debt-to-equity ratio of 10.32. Agnico Eagle Mines has a 1-year low of C$59.36 and a 1-year high of C$88.27. The company has a market capitalization of C$43.48 billion, a PE ratio of 16.13, a PEG ratio of 22.97 and a beta of 1.07. The firm’s 50 day simple moving average is C$75.80 and its two-hundred day simple moving average is C$70.86.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its quarterly earnings results 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. Agnico Eagle Mines had a net margin of 29.29% and a return on equity of 10.89%. The business had revenue of C$2.39 billion for the quarter, compared to the consensus estimate of C$2.04 billion.

Agnico Eagle Mines Cuts Dividend

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

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.