What is Zacks Research’s Estimate for AEM FY2024 Earnings?

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Equities researchers at Zacks Research raised their FY2024 earnings estimates for Agnico Eagle Mines in a report issued on Monday, January 13th. Zacks Research analyst A. Barman now forecasts that the mining company will earn $3.95 per share for the year, up from their previous estimate of $3.92. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $4.07 per share. Zacks Research also issued estimates for Agnico Eagle Mines’ Q4 2024 earnings at $0.98 EPS, Q1 2025 earnings at $0.79 EPS, Q3 2025 earnings at $0.91 EPS, Q4 2025 earnings at $0.98 EPS, FY2025 earnings at $3.54 EPS, Q1 2026 earnings at $0.80 EPS, Q2 2026 earnings at $0.87 EPS, Q3 2026 earnings at $0.89 EPS, Q4 2026 earnings at $0.86 EPS and FY2026 earnings at $3.41 EPS.

Separately, Jefferies Financial Group increased their price objective on Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a report on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Agnico Eagle Mines presently has an average rating of “Moderate Buy” and a consensus target price of $89.13.

Agnico Eagle Mines Stock Performance

NYSE AEM opened at $84.32 on Wednesday. The company has a market capitalization of $42.32 billion, a price-to-earnings ratio of 42.16, a PEG ratio of 0.68 and a beta of 1.08. Agnico Eagle Mines has a twelve month low of $44.37 and a twelve month high of $89.00. The stock has a fifty day simple moving average of $81.68 and a 200 day simple moving average of $80.03. The company has a quick ratio of 0.83, a current ratio of 1.75 and a debt-to-equity ratio of 0.06.

Institutional Trading of Agnico Eagle Mines

Large investors have recently bought and sold shares of the business. Bridgewater Associates LP grew its holdings in Agnico Eagle Mines by 123.2% during the 3rd quarter. Bridgewater Associates LP now owns 204,168 shares of the mining company’s stock worth $16,448,000 after acquiring an additional 112,712 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Agnico Eagle Mines by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,136,854 shares of the mining company’s stock worth $91,681,000 after acquiring an additional 32,991 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Agnico Eagle Mines by 14.8% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 225,965 shares of the mining company’s stock worth $18,223,000 after purchasing an additional 29,106 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Agnico Eagle Mines by 8.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,256,714 shares of the mining company’s stock worth $183,491,000 after purchasing an additional 178,999 shares in the last quarter. Finally, Mirabella Financial Services LLP bought a new position in shares of Agnico Eagle Mines during the 3rd quarter worth about $655,000. 68.34% of the stock is currently owned by institutional investors and hedge funds.

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.