Q3 EPS Estimates for Agnico Eagle Mines Reduced by Cormark

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Analysts at Cormark reduced their Q3 2024 EPS estimates for Agnico Eagle Mines in a research report issued to clients and investors on Wednesday, October 23rd. Cormark analyst R. Gray now anticipates that the mining company will post earnings of $1.05 per share for the quarter, down from their previous forecast of $1.12. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $3.88 per share.

Other analysts also recently issued reports about the company. TD Securities boosted their price target on Agnico Eagle Mines from $90.00 to $91.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. UBS Group assumed coverage on shares of Agnico Eagle Mines in a research report on Tuesday, September 17th. They issued a “buy” rating and a $95.00 target price for the company. Jefferies Financial Group raised their price target on shares of Agnico Eagle Mines from $68.00 to $85.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. Royal Bank of Canada boosted their price objective on shares of Agnico Eagle Mines from $80.00 to $87.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Finally, CIBC increased their target price on shares of Agnico Eagle Mines from $81.00 to $101.00 and gave the stock an “outperformer” rating in a research report on Wednesday, July 10th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $86.78.

Agnico Eagle Mines Trading Down 1.2 %

Shares of NYSE:AEM opened at $86.88 on Monday. The stock has a market cap of $43.46 billion, a PE ratio of 91.45, a P/E/G ratio of 0.71 and a beta of 1.10. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.06. Agnico Eagle Mines has a 12-month low of $44.37 and a 12-month high of $89.00. The business has a 50 day moving average of $81.78 and a 200-day moving average of $73.41.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings results on Wednesday, July 31st. The mining company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.14. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.03 billion. Agnico Eagle Mines had a net margin of 8.44% and a return on equity of 7.16%. Agnico Eagle Mines’s quarterly revenue was up 20.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.65 EPS.

Hedge Funds Weigh In On Agnico Eagle Mines

Several hedge funds and other institutional investors have recently modified their holdings of AEM. Sunbelt Securities Inc. bought a new stake in shares of Agnico Eagle Mines during the 1st quarter valued at approximately $66,000. Wealthcare Advisory Partners LLC acquired a new position in shares of Agnico Eagle Mines during the first quarter worth $426,000. Azzad Asset Management Inc. ADV increased its holdings in shares of Agnico Eagle Mines by 2.4% during the first quarter. Azzad Asset Management Inc. ADV now owns 61,631 shares of the mining company’s stock worth $3,676,000 after buying an additional 1,416 shares in the last quarter. Stapp Wealth Management Pllc bought a new position in shares of Agnico Eagle Mines in the 1st quarter valued at $222,000. Finally, Norden Group LLC boosted its holdings in shares of Agnico Eagle Mines by 3,121.3% during the 1st quarter. Norden Group LLC now owns 141,417 shares of the mining company’s stock valued at $8,435,000 after acquiring an additional 137,027 shares in the last quarter. Institutional investors 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.