Scotiabank Forecasts Higher Earnings for Agnico Eagle Mines

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Research analysts at Scotiabank lifted their FY2027 earnings estimates for Agnico Eagle Mines in a report issued on Wednesday, May 20th. Scotiabank analyst T. Jakusconek now expects that the company will post earnings per share of $16.60 for the year, up from their prior forecast of $16.47. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $5.50 per share.

A number of other research analysts have also recently commented on AEM. BMO Capital Markets raised their price target on shares of Agnico Eagle Mines from C$350.00 to C$370.00 in a research note on Wednesday, April 22nd. ATB Cormark Capital Markets upgraded shares of Agnico Eagle Mines from a “sector” rating to an “outperform” rating in a research note on Monday, May 4th. TD Securities raised their price target on shares of Agnico Eagle Mines from C$241.00 to C$251.00 and gave the stock a “buy” rating in a research note on Tuesday, February 17th. National Bank Financial raised their price target on shares of Agnico Eagle Mines from C$345.00 to C$350.00 and gave the stock a “sector outperform” rating in a research note on Monday, May 4th. Finally, Erste Group Bank cut shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$324.20.

Agnico Eagle Mines Stock Up 0.0%

Shares of AEM opened at C$244.94 on Friday. The stock has a market cap of C$122.48 billion, a price-to-earnings ratio of 23.06, a P/E/G ratio of 22.97 and a beta of 1.87. The company has a quick ratio of 0.89, a current ratio of 3.15 and a debt-to-equity ratio of 1.21. Agnico Eagle Mines has a 12 month low of C$156.93 and a 12 month high of C$348.94. The company has a 50-day moving average price of C$273.52 and a two-hundred day moving average price of C$267.11.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its quarterly earnings results on Thursday, April 30th. The company reported C$4.73 EPS for the quarter. The firm had revenue of C$5.70 billion during the quarter. Agnico Eagle Mines had a net margin of 39.48% and a return on equity of 22.08%.

Agnico Eagle Mines Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 16th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, March 2nd. This is a positive change from Agnico Eagle Mines’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. Agnico Eagle Mines’s dividend payout ratio (DPR) is 15.54%.

About Agnico Eagle Mines

Canadian-based and led, Agnico Eagle is Canada’s largest mining company and the second largest gold producer in the world, operating mines in Canada, Australia, Finland and Mexico. The Company is advancing a pipeline of high-quality development projects in these regions to support sustainable growth over the next decade. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading sustainability practices. Agnico Eagle was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.