Q2 2024 EPS Estimates for Agnico Eagle Mines Limited Increased by Analyst (TSE:AEM)

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Equities researchers at Cormark upped their Q2 2024 earnings per share (EPS) estimates for shares of Agnico Eagle Mines in a research note issued to investors on Monday, April 29th. Cormark analyst R. Gray now forecasts that the company will post earnings of $1.30 per share for the quarter, up from their previous forecast of $0.74. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $3.44 per share. Cormark also issued estimates for Agnico Eagle Mines’ Q3 2024 earnings at $1.30 EPS, Q4 2024 earnings at $1.30 EPS, FY2024 earnings at $4.93 EPS and FY2025 earnings at $5.83 EPS.

AEM has been the subject of several other reports. Veritas Investment Research increased their price objective on Agnico Eagle Mines from C$88.40 to C$118.00 in a research report on Friday, April 12th. National Bank Financial reiterated an “outperform overweight” rating on shares of Agnico Eagle Mines in a report on Monday, April 8th. Canaccord Genuity Group boosted their price objective on shares of Agnico Eagle Mines from C$92.00 to C$105.00 in a report on Tuesday, April 23rd. 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 research note on Monday, April 22nd. Finally, Stifel Nicolaus boosted their price target on shares of Agnico Eagle Mines from C$94.00 to C$104.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$97.50.

Agnico Eagle Mines Stock Down 0.1 %

Shares of TSE AEM opened at C$89.00 on Thursday. The company has a market capitalization of C$44.35 billion, a P/E ratio of 16.46, a P/E/G ratio of 22.97 and a beta of 1.07. The company has a debt-to-equity ratio of 10.32, a current ratio of 2.09 and a quick ratio of 0.89. The company has a 50 day simple moving average of C$79.21 and a 200-day simple moving average of C$71.96. Agnico Eagle Mines has a 1 year low of C$59.36 and a 1 year high of C$92.62.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its earnings results on Thursday, February 15th. The company reported C$0.78 EPS for the quarter, topping analysts’ consensus estimates 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 company 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 company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, June 14th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend is Friday, May 31st. Agnico Eagle Mines’s dividend payout ratio (DPR) is 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.