What is Raymond James’ Forecast for TSE:AEM FY2024 Earnings?

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Analysts at Raymond James lifted their FY2024 earnings per share (EPS) estimates for shares of Agnico Eagle Mines in a report issued on Monday, February 3rd. Raymond James analyst F. Hamed now anticipates that the company will earn $5.99 per share for the year, up from their previous estimate of $5.60. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $5.50 per share.

Several other equities analysts have also recently commented on AEM. National Bankshares boosted their target price on shares of 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. Stifel Nicolaus boosted their price objective on shares of Agnico Eagle Mines from C$114.00 to C$140.00 in a research report on Monday, October 21st. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Agnico Eagle Mines has a consensus rating of “Buy” and an average price target of C$116.00.

Agnico Eagle Mines Stock Up 3.2 %

AEM stock opened at C$141.14 on Wednesday. The company has a market cap of C$70.72 billion, a PE ratio of 88.21, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10. The company has a quick ratio of 0.89, a current ratio of 1.51 and a debt-to-equity ratio of 9.94. Agnico Eagle Mines has a 52 week low of C$60.17 and a 52 week high of C$142.39. The business has a 50-day simple moving average of C$121.06 and a 200 day simple moving average of C$113.86.

Insider Buying and Selling

In other Agnico Eagle Mines news, Senior Officer Christopher Charles Norman Vollmershausen sold 15,072 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of C$110.27, for a total value of C$1,661,989.44. Also, Senior Officer Ammar Al-Joundi sold 20,000 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of C$118.94, for a total value of C$2,378,852.00. Insiders sold a total of 114,616 shares of company stock worth $13,256,431 in the last three months. 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.