Q4 EPS Estimate for Agnico Eagle Mines Lifted by Analyst

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Investment analysts at Stifel Canada raised their Q4 2024 earnings per share estimates for shares of Agnico Eagle Mines in a report issued on Tuesday, February 4th. Stifel Canada analyst I. Rico now forecasts that the mining company will post earnings per share of $1.24 for the quarter, up from their previous estimate of $1.23. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $4.13 per share. Stifel Canada also issued estimates for Agnico Eagle Mines’ FY2025 earnings at $5.44 EPS and FY2026 earnings at $4.47 EPS.

AEM has been the topic of a number of other reports. Scotiabank boosted their target price on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a research note on Tuesday, January 21st. Jefferies Financial Group raised their target price on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a report on Tuesday, January 7th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $90.50.

Agnico Eagle Mines Stock Performance

NYSE AEM opened at $98.97 on Thursday. The firm has a market cap of $49.71 billion, a price-to-earnings ratio of 49.48, a PEG ratio of 0.62 and a beta of 1.10. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 0.83. The company has a fifty day moving average price of $84.79 and a 200-day moving average price of $82.14. Agnico Eagle Mines has a 1 year low of $44.37 and a 1 year high of $99.70.

Hedge Funds Weigh In On Agnico Eagle Mines

Several institutional investors have recently made changes to their positions in AEM. FMR LLC raised its position in Agnico Eagle Mines by 43.5% in the third quarter. FMR LLC now owns 15,061,244 shares of the mining company’s stock worth $1,213,311,000 after acquiring an additional 4,562,005 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Agnico Eagle Mines by 16.1% in 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 purchasing an additional 817,240 shares in the last quarter. Van ECK Associates Corp raised its holdings in Agnico Eagle Mines by 3.6% in the 4th quarter. Van ECK Associates Corp now owns 22,322,859 shares of the mining company’s stock worth $1,745,858,000 after purchasing an additional 778,919 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Agnico Eagle Mines by 262.5% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,060,402 shares of the mining company’s stock valued at $85,413,000 after purchasing an additional 767,912 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Agnico Eagle Mines during the fourth quarter valued at $52,503,000. Institutional investors own 68.34% of the company’s stock.

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.