Q4 EPS Forecast for Agnico Eagle Mines Increased by Analyst

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Analysts at Raymond James raised their Q4 2024 earnings per share estimates for shares of Agnico Eagle Mines in a research note issued to investors on Monday, February 3rd. Raymond James analyst F. Hamed now expects that the mining company will post earnings per share of $1.16 for the quarter, up from their prior forecast of $1.06. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $4.13 per share. Raymond James also issued estimates for Agnico Eagle Mines’ Q1 2025 earnings at $1.13 EPS, Q2 2025 earnings at $1.13 EPS, Q3 2025 earnings at $1.13 EPS, Q4 2025 earnings at $1.13 EPS and FY2025 earnings at $4.53 EPS.

A number of other research firms also recently weighed in on AEM. Jefferies Financial Group upped their price target on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a research note on Tuesday, January 7th. Scotiabank raised their target price on Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 21st. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $90.50.

Agnico Eagle Mines Trading Up 0.4 %

Agnico Eagle Mines stock opened at $98.97 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.83 and a current ratio of 1.75. Agnico Eagle Mines has a 52 week low of $44.37 and a 52 week high of $99.70. The company has a 50 day moving average price of $84.79 and a 200 day moving average price of $82.14. The firm has a market capitalization of $49.71 billion, a price-to-earnings ratio of 49.48, a P/E/G ratio of 0.62 and a beta of 1.10.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in AEM. Charles Schwab Investment Management Inc. increased its holdings 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 worth $91,681,000 after purchasing an additional 32,991 shares in the last quarter. Bridgewater Associates LP grew its position in shares of Agnico Eagle Mines by 123.2% during the 3rd quarter. Bridgewater Associates LP now owns 204,168 shares of the mining company’s stock worth $16,448,000 after purchasing an additional 112,712 shares in the last quarter. Caldwell Investment Management Ltd. grew its stake in Agnico Eagle Mines by 12.0% during the fourth quarter. Caldwell Investment Management Ltd. now owns 87,700 shares of the mining company’s stock worth $6,812,000 after buying an additional 9,400 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of 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 purchasing an additional 29,106 shares during the last quarter. Finally, Forsta AP Fonden increased its stake in shares of Agnico Eagle Mines by 8.9% in the fourth quarter. Forsta AP Fonden now owns 195,100 shares of the mining company’s stock valued at $15,256,000 after buying an additional 16,000 shares during the period. 68.34% of the stock is currently owned by institutional investors.

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.