Research Analysts Offer Predictions for AEM FY2024 Earnings

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Equities research analysts at National Bank Financial reduced their FY2024 earnings per share (EPS) estimates for shares of Agnico Eagle Mines in a report issued on Monday, February 10th. National Bank Financial analyst M. Parkin now anticipates that the mining company will earn $4.16 per share for the year, down from their previous forecast of $4.36. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $4.14 per share.

Other equities research analysts have also recently issued research reports about the company. Jefferies Financial Group raised their target price on Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a research note on Tuesday, January 7th. Scotiabank raised their target price on Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a report on Tuesday, January 21st. Finally, Royal Bank of Canada raised their target price on Agnico Eagle Mines from $96.00 to $105.00 and gave the company an “outperform” rating in a report on Tuesday. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $92.75.

Agnico Eagle Mines Trading Up 1.3 %

Shares of AEM stock opened at $100.80 on Thursday. The stock has a market cap of $50.63 billion, a price-to-earnings ratio of 50.40, a PEG ratio of 0.66 and a beta of 1.10. The stock has a 50-day moving average of $86.27 and a 200-day moving average of $83.02. The company has a current ratio of 1.75, a quick ratio of 0.83 and a debt-to-equity ratio of 0.06. Agnico Eagle Mines has a 1-year low of $44.37 and a 1-year high of $101.45.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its earnings results on Thursday, February 13th. The mining company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.70 by ($0.44). Agnico Eagle Mines had a net margin of 12.86% and a return on equity of 8.88%.

Institutional Trading of Agnico Eagle Mines

A number of large investors have recently bought and sold shares of the company. Versant Capital Management Inc purchased a new position in shares of Agnico Eagle Mines in the fourth quarter valued at $26,000. Smartleaf Asset Management LLC grew its position in Agnico Eagle Mines by 859.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company’s stock worth $28,000 after buying an additional 318 shares in the last quarter. Decker Retirement Planning Inc. bought a new stake in Agnico Eagle Mines during the fourth quarter worth about $29,000. FSC Wealth Advisors LLC bought a new stake in Agnico Eagle Mines during the third quarter worth about $32,000. Finally, Fifth Third Bancorp lifted its stake in Agnico Eagle Mines by 176.9% during the fourth quarter. Fifth Third Bancorp now owns 407 shares of the mining company’s stock worth $32,000 after purchasing an additional 260 shares during the last quarter. 68.34% of the stock is owned by hedge funds and other institutional investors.

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.