Q1 2024 Earnings Forecast for Agnico Eagle Mines Limited Issued By Raymond James (TSE:AEM)

Agnico Eagle Mines Limited (TSE:AEMFree Report) (NYSE:AEM) – Raymond James increased their Q1 2024 EPS estimates for shares of Agnico Eagle Mines in a research note issued on Tuesday, March 19th. Raymond James analyst F. Hamed now expects that the company will earn $0.77 per share for the quarter, up from their prior estimate of $0.73. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $3.31 per share. Raymond James also issued estimates for Agnico Eagle Mines’ Q2 2024 earnings at $0.80 EPS, Q3 2024 earnings at $0.81 EPS, Q4 2024 earnings at $0.84 EPS and FY2024 earnings at $3.21 EPS.

A number of other brokerages also recently issued reports on AEM. TD Securities cut their price target on shares of Agnico Eagle Mines to C$62.00 and set a “buy” rating for the company in a report on Wednesday, February 21st. National Bankshares raised their price target on shares of Agnico Eagle Mines from C$84.00 to C$85.00 and gave the stock an “outperform” rating in a report on Tuesday, February 20th. National Bank Financial restated an “outperform overweight” rating on shares of Agnico Eagle Mines in a report on Wednesday, January 3rd. Stifel Nicolaus raised their price target on shares of Agnico Eagle Mines from C$91.00 to C$94.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Finally, Cormark cut their price target on shares of Agnico Eagle Mines from C$97.00 to C$90.00 in a report on Tuesday, February 20th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$82.86.

Read Our Latest Stock Report on Agnico Eagle Mines

Agnico Eagle Mines Stock Down 0.7 %

AEM stock opened at C$75.75 on Friday. The company has a market cap of C$37.67 billion, a price-to-earnings ratio of 14.21, a PEG ratio of 22.97 and a beta of 1.03. 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 12 month low of C$59.36 and a 12 month high of C$82.90. The firm has a 50-day moving average of C$68.12 and a two-hundred day moving average of C$67.81.

Agnico Eagle Mines (TSE:AEMGet Free Report) (NYSE:AEM) last released its quarterly earnings data on Thursday, February 15th. The company reported C$0.78 EPS for the quarter, beating analysts’ consensus estimates of C$0.65 by C$0.13. The company had revenue of C$2.39 billion during the quarter, compared to the consensus estimate of C$2.04 billion. Agnico Eagle Mines had a net margin of 29.29% and a return on equity of 10.89%.

Insider Activity at Agnico Eagle Mines

In related news, Director Sean Boyd sold 72,379 shares of Agnico Eagle Mines stock in a transaction that occurred on Sunday, December 31st. The shares were sold at an average price of C$72.69, for a total value of C$5,261,229.51. 0.11% of the stock is owned by insiders.

Agnico Eagle Mines Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $0.537 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.15 annualized dividend and a yield of 2.84%. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 40.34%.

About Agnico Eagle Mines

(Get Free Report)

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. 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.

Further Reading

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

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