Q3 Earnings Forecast for AEM Issued By Stifel Canada

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Equities research analysts at Stifel Canada issued their Q3 2024 earnings per share (EPS) estimates for Agnico Eagle Mines in a research report issued to clients and investors on Monday, October 21st. Stifel Canada analyst I. Rico forecasts that the mining company will post earnings per share of $0.97 for the quarter. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $3.88 per share. Stifel Canada also issued estimates for Agnico Eagle Mines’ FY2024 earnings at $3.96 EPS.

Other equities analysts have also recently issued research reports about the stock. Scotiabank raised their target price on shares of Agnico Eagle Mines from $81.00 to $94.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. UBS Group began coverage on Agnico Eagle Mines in a report on Tuesday, September 17th. They set a “buy” rating and a $95.00 target price on the stock. CIBC boosted their target price on Agnico Eagle Mines from $81.00 to $101.00 and gave the stock an “outperformer” rating in a report on Wednesday, July 10th. Jefferies Financial Group lifted their price target on shares of Agnico Eagle Mines from $68.00 to $85.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. Finally, TD Securities lifted their price target on shares of Agnico Eagle Mines from $90.00 to $91.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $86.78.

Agnico Eagle Mines Stock Down 0.7 %

NYSE:AEM opened at $87.97 on Wednesday. The company has a market capitalization of $44.01 billion, a price-to-earnings ratio of 92.60, a price-to-earnings-growth ratio of 0.71 and a beta of 1.10. Agnico Eagle Mines has a one year low of $44.37 and a one year high of $89.00. The stock has a 50-day simple moving average of $81.64 and a 200 day simple moving average of $73.06. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 1.51.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its earnings results on Wednesday, July 31st. The mining company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.14. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.03 billion. Agnico Eagle Mines had a return on equity of 7.16% and a net margin of 8.44%. The company’s revenue was up 20.9% on a year-over-year basis. During the same period last year, the firm earned $0.65 earnings per share.

Hedge Funds Weigh In On Agnico Eagle Mines

A number of hedge funds have recently modified their holdings of AEM. Van ECK Associates Corp boosted its holdings in Agnico Eagle Mines by 0.3% in the second quarter. Van ECK Associates Corp now owns 22,320,085 shares of the mining company’s stock worth $1,459,741,000 after purchasing an additional 58,681 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Agnico Eagle Mines by 1.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 13,281,926 shares of the mining company’s stock worth $868,638,000 after buying an additional 134,872 shares in the last quarter. Capital World Investors increased its holdings in shares of Agnico Eagle Mines by 0.8% during the first quarter. Capital World Investors now owns 9,769,275 shares of the mining company’s stock worth $582,529,000 after buying an additional 79,275 shares in the last quarter. First Eagle Investment Management LLC increased its holdings in shares of Agnico Eagle Mines by 10.8% during the first quarter. First Eagle Investment Management LLC now owns 6,891,385 shares of the mining company’s stock worth $411,106,000 after buying an additional 672,503 shares in the last quarter. Finally, CIBC Asset Management Inc increased its holdings in shares of Agnico Eagle Mines by 4.1% during the second quarter. CIBC Asset Management Inc now owns 6,083,606 shares of the mining company’s stock worth $397,657,000 after buying an additional 237,347 shares in the last quarter. 68.34% of the stock is owned by institutional investors and hedge funds.

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.