Raymond James Expects Higher Earnings for Agnico Eagle Mines

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Investment analysts at Raymond James increased their Q4 2024 earnings estimates for shares of Agnico Eagle Mines in a research report issued on Monday, February 3rd. Raymond James analyst F. Hamed now anticipates that the company will post earnings of $1.68 per share for the quarter, up from their prior forecast of $1.47. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $5.50 per share. Raymond James also issued estimates for Agnico Eagle Mines’ Q1 2025 earnings at $1.64 EPS, Q2 2025 earnings at $1.64 EPS, Q3 2025 earnings at $1.64 EPS, Q4 2025 earnings at $1.64 EPS and FY2025 earnings at $6.57 EPS.

AEM has been the subject of a number of other research reports. Stifel Nicolaus raised their price objective on Agnico Eagle Mines from C$114.00 to C$140.00 in a research note on Monday, October 21st. National Bankshares lifted their price target on shares of Agnico Eagle Mines from C$143.00 to C$144.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$116.00.

Agnico Eagle Mines Stock Up 0.3 %

Shares of TSE AEM opened at C$141.62 on Thursday. The company has a debt-to-equity ratio of 9.94, a quick ratio of 0.89 and a current ratio of 1.51. Agnico Eagle Mines has a 1 year low of C$60.17 and a 1 year high of C$142.39. The stock’s 50-day simple moving average is C$121.55 and its 200-day simple moving average is C$114.16. The firm has a market cap of C$70.96 billion, a price-to-earnings ratio of 88.51, a PEG ratio of 22.97 and a beta of 1.10.

Insider Activity at Agnico Eagle Mines

In related news, Senior Officer Ammar Al-Joundi sold 19,900 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of C$109.25, for a total value of C$2,174,075.00. Also, Director Martine Celej sold 2,208 shares of the company’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of C$111.84, for a total value of C$246,942.72. In the last ninety days, insiders have sold 114,616 shares of company stock valued at $13,256,431. Corporate insiders own 0.08% 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.