National Bank Financial Estimates AEM Q3 Earnings

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Research analysts at National Bank Financial issued their Q3 2024 EPS estimates for Agnico Eagle Mines in a note issued to investors on Tuesday, October 22nd. National Bank Financial analyst M. Parkin forecasts that the mining company will post earnings per share of $1.12 for the quarter. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $3.88 per share.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its earnings results on Wednesday, July 31st. The mining company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.14. Agnico Eagle Mines had a net margin of 8.44% and a return on equity of 7.16%. The firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter last year, the company posted $0.65 earnings per share. The firm’s revenue was up 20.9% compared to the same quarter last year.

AEM has been the subject of a number of other research reports. TD Securities lifted their price objective on shares of Agnico Eagle Mines from $90.00 to $91.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Scotiabank lifted their price objective on shares of Agnico Eagle Mines from $81.00 to $94.00 and gave the company a “sector outperform” rating in a report on Monday, August 19th. CIBC lifted their price objective on shares of Agnico Eagle Mines from $81.00 to $101.00 and gave the company an “outperformer” rating in a report on Wednesday, July 10th. UBS Group initiated coverage on shares of Agnico Eagle Mines in a report on Tuesday, September 17th. They issued a “buy” rating and a $95.00 price objective for the company. Finally, StockNews.com raised shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating in a report on Thursday, June 27th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.78.

Agnico Eagle Mines Trading Down 0.7 %

Shares of Agnico Eagle Mines stock opened at $87.97 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.51 and a quick ratio of 0.76. The firm has a fifty day moving average price of $81.64 and a 200 day moving average price of $73.06. Agnico Eagle Mines has a 1 year low of $44.37 and a 1 year high of $89.00. The stock has a market cap of $44.01 billion, a PE ratio of 92.60, a price-to-earnings-growth ratio of 0.71 and a beta of 1.10.

Institutional Trading of Agnico Eagle Mines

Several institutional investors have recently modified their holdings of AEM. Global Assets Advisory LLC acquired a new stake in shares of Agnico Eagle Mines in the first quarter valued at about $2,691,000. Sunbelt Securities Inc. acquired a new position in Agnico Eagle Mines during the first quarter worth about $66,000. GoalVest Advisory LLC acquired a new position in Agnico Eagle Mines during the first quarter worth about $57,000. Wealthcare Advisory Partners LLC acquired a new position in Agnico Eagle Mines during the first quarter worth about $426,000. Finally, Janiczek Wealth Management LLC boosted its position in Agnico Eagle Mines by 406.4% during the first quarter. Janiczek Wealth Management LLC now owns 709 shares of the mining company’s stock worth $42,000 after acquiring an additional 569 shares during the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.

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.