FY2024 Earnings Forecast for AEM Issued By Raymond James

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Stock 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 forecasts that the mining company will earn $4.13 per share for the year, up from their prior forecast of $4.03. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $4.13 per share.

AEM has been the topic of a number of other reports. Jefferies Financial Group upped their price objective on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a research note on Tuesday, January 7th. Scotiabank boosted their price objective on Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Agnico Eagle Mines presently has an average rating of “Moderate Buy” and an average price target of $90.50.

Agnico Eagle Mines Stock Performance

Shares of Agnico Eagle Mines stock opened at $98.58 on Wednesday. The stock has a market cap of $49.51 billion, a price-to-earnings ratio of 49.29, a P/E/G ratio of 0.62 and a beta of 1.10. The company has a quick ratio of 0.83, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. Agnico Eagle Mines has a twelve month low of $44.37 and a twelve month high of $99.70. The company’s fifty day moving average is $84.49 and its 200 day moving average is $82.02.

Institutional Trading of Agnico Eagle Mines

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its position in Agnico Eagle Mines by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,136,854 shares of the mining company’s stock valued at $91,681,000 after purchasing an additional 32,991 shares during the period. Bridgewater Associates LP grew its position in shares of Agnico Eagle Mines by 123.2% in the 3rd quarter. Bridgewater Associates LP now owns 204,168 shares of the mining company’s stock worth $16,448,000 after buying an additional 112,712 shares during the period. Caldwell Investment Management Ltd. increased its stake in shares of Agnico Eagle Mines by 12.0% in the 4th quarter. Caldwell Investment Management Ltd. now owns 87,700 shares of the mining company’s stock worth $6,812,000 after acquiring an additional 9,400 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in Agnico Eagle Mines by 14.8% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 225,965 shares of the mining company’s stock valued at $18,223,000 after acquiring an additional 29,106 shares during the period. Finally, Forsta AP Fonden grew its stake in shares of Agnico Eagle Mines by 8.9% in the 4th quarter. Forsta AP Fonden now owns 195,100 shares of the mining company’s stock worth $15,256,000 after buying an additional 16,000 shares during the last quarter. Institutional investors own 68.34% of the company’s stock.

About Agnico Eagle Mines

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.