FY2024 EPS Estimate for Agnico Eagle Mines Cut by Analyst

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Stock analysts at National Bank Financial cut their FY2024 earnings per share estimates for shares of Agnico Eagle Mines in a research report issued to clients and investors on Monday, February 10th. National Bank Financial analyst M. Parkin now expects that the company will post earnings of $5.95 per share for the year, down from their previous estimate of $6.02. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $5.50 per share. National Bank Financial also issued estimates for Agnico Eagle Mines’ FY2025 earnings at $8.11 EPS.

Several other equities analysts also recently issued reports on the company. Stifel Nicolaus lifted their price objective on Agnico Eagle Mines from C$114.00 to C$140.00 in a research report on Monday, October 21st. National Bankshares lifted their price objective on Agnico Eagle Mines from C$143.00 to C$144.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Agnico Eagle Mines presently has a consensus rating of “Buy” and an average target price of C$116.00.

Agnico Eagle Mines Trading Up 0.6 %

Shares of AEM opened at C$143.03 on Thursday. The stock has a fifty day moving average price of C$123.85 and a two-hundred day moving average price of C$115.52. The company has a debt-to-equity ratio of 7.88, a quick ratio of 0.89 and a current ratio of 1.75. Agnico Eagle Mines has a 52-week low of C$60.17 and a 52-week high of C$145.25. The company has a market cap of C$50.57 billion, a price-to-earnings ratio of 50.25, a PEG ratio of 22.97 and a beta of 1.10.

Insider Transactions at Agnico Eagle Mines

In related news, Director John Merfyn Roberts sold 2,000 shares of the company’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of C$118.43, for a total value of C$236,860.00. Also, Senior Officer Guy Gosselin sold 22,500 shares of the business’s stock in a transaction dated Thursday, January 9th. The shares were sold at an average price of C$121.80, for a total value of C$2,740,500.00. Insiders sold a total of 79,644 shares of company stock worth $9,420,367 over the last 90 days. 0.08% of the stock is owned by insiders.

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.