Cormark Decreases Earnings Estimates for Agnico Eagle Mines

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Equities research analysts at Cormark dropped their Q3 2024 earnings per share estimates for Agnico Eagle Mines in a research report issued on Wednesday, October 23rd. Cormark analyst R. Gray now anticipates that the company will earn $1.45 per share for the quarter, down from their prior forecast of $1.56. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $5.50 per share.

Other equities analysts also recently issued reports about the company. UBS Group upgraded Agnico Eagle Mines to a “strong-buy” rating in a research note on Tuesday, September 17th. Eight Capital raised their target price on Agnico Eagle Mines from C$105.00 to C$115.00 in a research report on Thursday, July 11th. Canaccord Genuity Group upped their price target on shares of Agnico Eagle Mines from C$105.00 to C$118.00 in a research report on Tuesday, July 23rd. Finally, Stifel Nicolaus boosted their target price on shares of Agnico Eagle Mines from C$114.00 to C$140.00 in a research report on Monday, October 21st. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$110.29.

Agnico Eagle Mines Trading Down 0.8 %

Shares of AEM stock opened at C$120.79 on Monday. The stock has a market capitalization of C$60.52 billion, a P/E ratio of 75.49, a P/E/G ratio of 22.97 and a beta of 1.10. The company has a current ratio of 1.51, a quick ratio of 0.89 and a debt-to-equity ratio of 9.94. The firm’s 50 day moving average is C$110.06 and its 200 day moving average is C$98.75. Agnico Eagle Mines has a 12-month low of C$60.17 and a 12-month high of C$123.08.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its quarterly earnings results on Wednesday, July 31st. The company reported C$1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.27 by C$0.19. Agnico Eagle Mines had a net margin of 8.49% and a return on equity of 3.10%. The firm had revenue of C$2.84 billion for the quarter, compared to the consensus estimate of C$2.36 billion.

Insider Buying and Selling at Agnico Eagle Mines

In other news, Senior Officer Jean Robitaille sold 15,000 shares of the business’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of C$113.42, for a total value of C$1,701,300.00. In other Agnico Eagle Mines news, Senior Officer Jean Robitaille sold 15,000 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$113.42, for a total transaction of C$1,701,300.00. Also, Director John Merfyn Roberts sold 2,000 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of C$111.84, for a total transaction of C$223,680.00. Insiders sold 115,000 shares of company stock worth $12,518,150 in the last quarter. 0.08% of the stock is owned by corporate insiders.

Agnico Eagle Mines Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were issued a dividend of $0.547 per share. This represents a $2.19 annualized dividend and a dividend yield of 1.81%. The ex-dividend date was Friday, August 30th. This is an increase from Agnico Eagle Mines’s previous quarterly dividend of $0.40. Agnico Eagle Mines’s dividend payout ratio is 135.63%.

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.