Raymond James Brokers Lower Earnings Estimates for Agnico Eagle Mines Limited (TSE:AEM)

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Research analysts at Raymond James dropped their Q1 2025 earnings per share estimates for shares of Agnico Eagle Mines in a report issued on Thursday, June 20th. Raymond James analyst F. Hamed now forecasts that the company will earn $0.89 per share for the quarter, down from their previous estimate of $0.91. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $4.39 per share. Raymond James also issued estimates for Agnico Eagle Mines’ FY2025 earnings at $3.61 EPS.

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

Agnico Eagle Mines Stock Down 1.3 %

AEM stock opened at C$89.27 on Friday. The company has a market capitalization of C$44.47 billion, a P/E ratio of 82.66, a price-to-earnings-growth ratio of 22.97 and a beta of 1.04. Agnico Eagle Mines has a 12 month low of C$59.36 and a 12 month high of C$96.20. The firm’s fifty day simple moving average is C$90.42 and its 200-day simple moving average is C$77.99. The company has a debt-to-equity ratio of 10.14, a current ratio of 2.21 and a quick ratio of 0.89.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its earnings results on Thursday, April 25th. The company reported C$1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.82 by C$0.20. Agnico Eagle Mines had a return on equity of 2.39% and a net margin of 6.79%. The company had revenue of C$2.47 billion during the quarter, compared to analyst estimates of C$2.20 billion.

Insider Buying and Selling

In related news, Director Sean Boyd sold 120,000 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of C$90.08, for a total value of C$10,809,600.00. In related news, Director Sean Boyd sold 120,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of C$90.08, for a total value of C$10,809,600.00. Also, Senior Officer Christopher Charles Norman Vollmershausen sold 5,000 shares of the firm’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of C$95.01, for a total value of C$475,050.00. Over the last 90 days, insiders have sold 162,279 shares of company stock worth $14,709,636. 0.09% of the stock is owned by corporate insiders.

Agnico Eagle Mines Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, June 14th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $1.60 dividend on an annualized basis and a yield of 1.79%. Agnico Eagle Mines’s payout ratio is 199.07%.

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.