FY2024 Earnings Forecast for AEM Issued By Zacks Research

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Analysts at Zacks Research issued their FY2024 earnings estimates for shares of Agnico Eagle Mines in a research report issued to clients and investors on Tuesday, November 12th. Zacks Research analyst A. Barman expects 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.

Other equities analysts have also recently issued research reports about the company. Jefferies Financial Group raised their price target on 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 initiated coverage on shares of Agnico Eagle Mines in a research note on Tuesday, September 17th. They set a “buy” rating and a $95.00 price target on the stock. TD Securities lifted their price objective on shares of Agnico Eagle Mines from $90.00 to $91.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Royal Bank of Canada boosted their target price on shares of Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Finally, Scotiabank lifted their price target on Agnico Eagle Mines from $81.00 to $94.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Agnico Eagle Mines currently has an average rating of “Moderate Buy” and an average price target of $86.78.

Agnico Eagle Mines Stock Down 1.1 %

NYSE AEM opened at $76.76 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 stock’s 50 day moving average is $82.43 and its 200 day moving average is $75.34. Agnico Eagle Mines has a 12 month low of $44.37 and a 12 month high of $89.00. The stock has a market cap of $38.51 billion, a PE ratio of 38.38, a P/E/G ratio of 0.66 and a beta of 1.09.

Institutional Trading of Agnico Eagle Mines

Several large investors have recently made changes to their positions in the business. FMR LLC increased its holdings in shares of Agnico Eagle Mines by 43.5% during the 3rd quarter. FMR LLC now owns 15,061,244 shares of the mining company’s stock valued at $1,213,311,000 after purchasing an additional 4,562,005 shares in the last quarter. National Bank of Canada FI raised its position in shares of Agnico Eagle Mines by 27.9% in the first quarter. National Bank of Canada FI now owns 4,007,554 shares of the mining company’s stock worth $239,051,000 after acquiring an additional 874,920 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Agnico Eagle Mines by 16.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,892,898 shares of the mining company’s stock worth $474,660,000 after acquiring an additional 817,240 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of Agnico Eagle Mines by 262.5% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,060,402 shares of the mining company’s stock valued at $85,413,000 after acquiring an additional 767,912 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Agnico Eagle Mines by 17.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,051,140 shares of the mining company’s stock valued at $326,571,000 after purchasing an additional 591,178 shares in the last quarter. 68.34% of the stock is owned by hedge funds and other institutional investors.

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.