Zacks Research Analysts Raise Earnings Estimates for TSE:AEM

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Zacks Research upped their Q4 2024 earnings per share (EPS) estimates for Agnico Eagle Mines in a research report issued on Tuesday, November 12th. Zacks Research analyst A. Barman now expects that the company will earn $1.33 per share for the quarter, up from their previous forecast of $1.23. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $5.50 per share. Zacks Research also issued estimates for Agnico Eagle Mines’ Q4 2025 earnings at $1.34 EPS and Q1 2026 earnings at $1.10 EPS.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its earnings results on Wednesday, October 30th. The company reported C$1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.35 by C$0.21. The company had revenue of C$2.94 billion for the quarter, compared to the consensus estimate of C$2.50 billion. Agnico Eagle Mines had a net margin of 8.49% and a return on equity of 3.10%.

AEM has been the topic of several other research reports. Canaccord Genuity Group upped their price objective on shares of Agnico Eagle Mines from C$105.00 to C$118.00 in a research note on Tuesday, July 23rd. Stifel Nicolaus upped their price target on shares of Agnico Eagle Mines from C$114.00 to C$140.00 in a research note on Monday, October 21st. National Bankshares lifted their price objective on Agnico Eagle Mines from C$143.00 to C$144.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, UBS Group raised Agnico Eagle Mines to a “strong-buy” rating in a research report on Tuesday, September 17th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$116.00.

Agnico Eagle Mines Trading Up 2.6 %

TSE:AEM opened at C$109.24 on Thursday. The stock’s 50-day moving average is C$112.52 and its two-hundred day moving average is C$101.81. The company has a debt-to-equity ratio of 9.94, a current ratio of 1.51 and a quick ratio of 0.89. The stock has a market cap of C$54.73 billion, a PE ratio of 68.28, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10. Agnico Eagle Mines has a fifty-two week low of C$60.17 and a fifty-two week high of C$123.86.

Agnico Eagle Mines Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.46%. Agnico Eagle Mines’s dividend payout ratio is currently 135.63%.

Insider Transactions at Agnico Eagle Mines

In related news, Director Sean Boyd sold 10,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of C$116.15, for a total value of C$1,161,500.00. Also, Senior Officer Ammar Al-Joundi sold 19,900 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of C$109.25, for a total transaction of C$2,174,075.00. In the last quarter, insiders sold 103,900 shares of company stock worth $11,613,395. 0.08% of the stock is owned by corporate insiders.

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.