Zacks Research Analysts Boost Earnings Estimates for AEM

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Research analysts at Zacks Research lifted their Q4 2024 earnings per share estimates for shares of Agnico Eagle Mines in a note issued to investors on Tuesday, November 12th. Zacks Research analyst A. Barman now forecasts that the mining company will post earnings per share of $0.95 for the quarter, up from their prior estimate of $0.90. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $4.05 per share. Zacks Research also issued estimates for Agnico Eagle Mines’ Q3 2025 earnings at $0.90 EPS, Q4 2025 earnings at $0.96 EPS, Q1 2026 earnings at $0.79 EPS and Q2 2026 earnings at $0.85 EPS.

AEM has been the topic of several other research reports. Scotiabank raised 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 research report on Monday, August 19th. Jefferies Financial Group upped their price objective on Agnico Eagle Mines from $68.00 to $85.00 and gave the stock a “hold” rating in a report on Friday, October 4th. TD Securities raised their price objective on Agnico Eagle Mines from $90.00 to $91.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Royal Bank of Canada upped their target price on Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Finally, UBS Group began coverage on shares of Agnico Eagle Mines in a research note on Tuesday, September 17th. They set a “buy” rating and a $95.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $86.78.

Agnico Eagle Mines Trading Up 2.2 %

Shares of AEM opened at $77.64 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 0.83. Agnico Eagle Mines has a 1-year low of $44.37 and a 1-year high of $89.00. The company has a market capitalization of $38.96 billion, a P/E ratio of 38.82, a P/E/G ratio of 0.67 and a beta of 1.09. The firm’s 50 day simple moving average is $82.43 and its 200 day simple moving average is $75.26.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AEM. Avantax Advisory Services Inc. boosted its position in shares of Agnico Eagle Mines by 3.6% during the first quarter. Avantax Advisory Services Inc. now owns 16,616 shares of the mining company’s stock valued at $991,000 after purchasing an additional 585 shares in the last quarter. Delos Wealth Advisors LLC boosted its holdings in shares of Agnico Eagle Mines by 43.6% during the 1st quarter. Delos Wealth Advisors LLC now owns 36,855 shares of the mining company’s stock valued at $2,198,000 after buying an additional 11,196 shares in the last quarter. Anthracite Investment Company Inc. grew its position in shares of Agnico Eagle Mines by 12.5% in the 1st quarter. Anthracite Investment Company Inc. now owns 45,000 shares of the mining company’s stock worth $2,684,000 after buying an additional 5,000 shares during the period. Cumberland Partners Ltd bought a new position in shares of Agnico Eagle Mines in the 1st quarter worth about $639,000. Finally, Acadian Asset Management LLC increased its stake in shares of Agnico Eagle Mines by 12.5% in the 1st quarter. Acadian Asset Management LLC now owns 7,200 shares of the mining company’s stock worth $429,000 after acquiring an additional 799 shares in the last quarter. 68.34% of the stock is owned by hedge funds and other institutional investors.

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.