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

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Investment analysts at Cormark reduced their Q2 2024 earnings estimates for shares of Agnico Eagle Mines in a note issued to investors on Monday, June 24th. Cormark analyst R. Gray now expects that the company will post earnings per share of $1.20 for the quarter, down from their previous forecast of $1.30. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $4.39 per share. Cormark also issued estimates for Agnico Eagle Mines’ Q3 2024 earnings at $1.20 EPS, Q4 2024 earnings at $1.19 EPS and FY2024 earnings at $4.63 EPS.

Several other research analysts have also commented on AEM. National Bankshares set a C$104.00 price objective on shares of Agnico Eagle Mines and gave the stock an “outperform” rating in a research note on Monday. Veritas Investment Research lifted their target price on shares of Agnico Eagle Mines from C$88.40 to C$118.00 in a report on Friday, April 12th. Eight Capital set a C$105.00 target price on shares of Agnico Eagle Mines and gave the company a “buy” rating in a report on Monday. Canaccord Genuity Group lifted their target price on shares of Agnico Eagle Mines from C$92.00 to C$105.00 in a report on Tuesday, April 23rd. Finally, National Bank Financial reaffirmed an “outperform overweight” rating on shares of Agnico Eagle Mines in a report on Monday, April 8th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$100.63.

Agnico Eagle Mines Trading Up 1.1 %

TSE:AEM opened at C$89.55 on Thursday. Agnico Eagle Mines has a one year low of C$59.36 and a one year high of C$96.20. The company has a debt-to-equity ratio of 10.14, a quick ratio of 0.89 and a current ratio of 2.21. The firm has a market cap of C$44.61 billion, a P/E ratio of 82.92, a P/E/G ratio of 22.97 and a beta of 1.04. The firm has a 50-day simple moving average of C$90.66 and a 200-day simple moving average of C$78.42.

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

Agnico Eagle Mines Cuts Dividend

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

Insiders Place Their Bets

In other news, Senior Officer Guy Gosselin sold 22,000 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of C$90.50, for a total transaction of C$1,991,000.00. In related news, Director Sean Boyd sold 120,000 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of C$90.08, for a total transaction of C$10,809,600.00. Also, Senior Officer Guy Gosselin sold 22,000 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$90.50, for a total value of C$1,991,000.00. In the last ninety days, insiders have sold 163,279 shares of company stock worth $14,798,903. Corporate insiders own 0.09% 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.