Agnico Eagle Mines Limited (TSE:AEM) Forecasted to Earn Q2 2024 Earnings of $1.16 Per Share

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Equities researchers at Raymond James lifted their Q2 2024 earnings estimates for Agnico Eagle Mines in a note issued to investors on Monday, April 22nd. Raymond James analyst F. Hamed now anticipates that the company will earn $1.16 per share 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.

A number of other research analysts have also recently commented on AEM. 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. National Bankshares dropped their target price on shares of Agnico Eagle Mines from C$105.00 to C$104.00 and set an “outperform” rating on the stock in a report on Friday, April 19th. TD Securities dropped their target price on shares of Agnico Eagle Mines to C$62.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st. National Bank Financial reiterated an “outperform overweight” rating on shares of Agnico Eagle Mines in a report on Monday, April 8th. Finally, Eight Capital increased their target price on shares of Agnico Eagle Mines from C$92.00 to C$105.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$97.50.

Agnico Eagle Mines Trading Up 0.9 %

TSE AEM opened at C$89.55 on Thursday. The company’s 50-day moving average price is C$76.84 and its 200-day moving average price is C$71.10. The company has a current ratio of 2.09, a quick ratio of 0.89 and a debt-to-equity ratio of 10.32. The stock has a market cap of C$44.62 billion, a PE ratio of 16.55, a PEG ratio of 22.97 and a beta of 1.07. Agnico Eagle Mines has a 12 month low of C$59.36 and a 12 month high of C$92.62.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its earnings results on Thursday, February 15th. The company reported C$0.78 earnings per share for the quarter, beating the consensus estimate of C$0.65 by C$0.13. 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 had a net margin of 29.29% and a return on equity of 10.89%.

Agnico Eagle Mines Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $0.537 per share. This represents a $2.15 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend was Thursday, February 29th. Agnico Eagle Mines’s payout ratio is 39.74%.

Agnico Eagle Mines Company Profile

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.