National Bank Financial Predicts AEM Q4 Earnings

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Investment analysts at National Bank Financial issued their Q4 2024 earnings per share (EPS) estimates for Agnico Eagle Mines in a research report issued to clients and investors on Monday, February 10th. National Bank Financial analyst M. Parkin anticipates that the mining company will post earnings per share of $1.19 for the quarter. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $4.14 per share. National Bank Financial also issued estimates for Agnico Eagle Mines’ FY2025 earnings at $5.67 EPS.

A number of other research analysts have also recently commented on AEM. Royal Bank of Canada boosted their price objective on Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an “outperform” rating in a research note on Tuesday. Jefferies Financial Group boosted their price objective on Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a research note on Tuesday, January 7th. Finally, Scotiabank boosted their price objective on Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, January 21st. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $92.75.

Agnico Eagle Mines Price Performance

Shares of Agnico Eagle Mines stock opened at $99.52 on Wednesday. Agnico Eagle Mines has a twelve month low of $44.37 and a twelve month high of $101.45. The stock has a market capitalization of $49.99 billion, a P/E ratio of 49.76, a PEG ratio of 0.66 and a beta of 1.10. The company has a current ratio of 1.75, a quick ratio of 0.83 and a debt-to-equity ratio of 0.06. The business’s fifty day moving average price is $85.95 and its 200 day moving average price is $82.89.

Institutional Trading of Agnico Eagle Mines

A number of hedge funds and other institutional investors have recently modified their holdings of AEM. Charles Schwab Investment Management Inc. increased its holdings in Agnico Eagle Mines by 3.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,136,854 shares of the mining company’s stock valued at $91,681,000 after buying an additional 32,991 shares during the last quarter. Bridgewater Associates LP increased its holdings in Agnico Eagle Mines by 123.2% in the third quarter. Bridgewater Associates LP now owns 204,168 shares of the mining company’s stock valued at $16,448,000 after buying an additional 112,712 shares during the last quarter. Caldwell Investment Management Ltd. increased its holdings in Agnico Eagle Mines by 12.0% in the fourth quarter. Caldwell Investment Management Ltd. now owns 87,700 shares of the mining company’s stock valued at $6,812,000 after buying an additional 9,400 shares during the last quarter. Forsta AP Fonden increased its holdings in 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 last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its holdings in Agnico Eagle Mines by 14.8% in the third 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 buying an additional 29,106 shares during the last quarter. 68.34% of the stock is owned by hedge funds and other 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.