Analysts Set Expectations for AEM FY2024 Earnings

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Stock analysts at Zacks Research issued their FY2024 earnings per share estimates for shares of Agnico Eagle Mines in a research report issued on Tuesday, November 12th. Zacks Research analyst A. Barman forecasts that the mining company will post earnings per share of $3.92 for the year. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $4.05 per share. Zacks Research also issued estimates for Agnico Eagle Mines’ Q1 2025 earnings at $0.78 EPS, Q2 2025 earnings at $0.86 EPS, FY2025 earnings at $3.50 EPS, Q3 2026 earnings at $0.87 EPS and FY2026 earnings at $3.35 EPS.

A number of other analysts also recently issued reports on the stock. TD Securities raised their price target on shares of Agnico Eagle Mines from $90.00 to $91.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Royal Bank of Canada increased their price target on Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Jefferies Financial Group boosted their price objective on shares of Agnico Eagle Mines from $68.00 to $85.00 and gave the company a “hold” rating in a report on Friday, October 4th. UBS Group began coverage on shares of Agnico Eagle Mines in a research note on Tuesday, September 17th. They set a “buy” rating and a $95.00 target price for the company. Finally, Scotiabank boosted their price target on shares of Agnico Eagle Mines from $81.00 to $94.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Agnico Eagle Mines has a consensus rating of “Moderate Buy” and a consensus target price of $86.78.

Agnico Eagle Mines Trading Up 2.2 %

Shares of AEM opened at $77.64 on Friday. The company has a current ratio of 1.75, a quick ratio of 0.83 and a debt-to-equity ratio of 0.06. The firm has a 50-day moving average price of $82.43 and a 200 day moving average price of $75.26. Agnico Eagle Mines has a 12-month low of $44.37 and a 12-month high of $89.00. The firm has a market capitalization of $38.96 billion, a P/E ratio of 38.82, a P/E/G ratio of 0.67 and a beta of 1.09.

Institutional Investors Weigh In On Agnico Eagle Mines

Several institutional investors have recently added to or reduced their stakes in AEM. Continuum Advisory LLC increased its stake in Agnico Eagle Mines by 1,134.4% in the 2nd quarter. Continuum Advisory LLC now owns 395 shares of the mining company’s stock valued at $26,000 after buying an additional 363 shares during the period. Abich Financial Wealth Management LLC acquired a new stake in shares of Agnico Eagle Mines in the 2nd quarter valued at approximately $32,000. FSC Wealth Advisors LLC purchased a new stake in shares of Agnico Eagle Mines in the third quarter valued at approximately $32,000. McClarren Financial Advisors Inc. grew its holdings in Agnico Eagle Mines by 684.6% during the third quarter. McClarren Financial Advisors Inc. now owns 510 shares of the mining company’s stock worth $41,000 after acquiring an additional 445 shares during the period. Finally, WASHINGTON TRUST Co lifted its holdings in Agnico Eagle Mines by 92.1% in the second quarter. WASHINGTON TRUST Co now owns 730 shares of the mining company’s stock valued at $48,000 after acquiring an additional 350 shares during the period. Hedge funds and other institutional investors own 68.34% of the company’s stock.

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.