Agnico Eagle Mines Limited to Post Q1 2024 Earnings of $0.80 Per Share, Cormark Forecasts (TSE:AEM)

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Equities research analysts at Cormark upped their Q1 2024 earnings estimates for shares of Agnico Eagle Mines in a research report issued to clients and investors on Monday, April 22nd. Cormark analyst R. Gray now anticipates that the company will post earnings of $0.80 per share for the quarter, up from their prior forecast of $0.74. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $3.44 per share.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its earnings results on Thursday, February 15th. The company reported C$0.78 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.65 by C$0.13. The business had revenue of C$2.39 billion during the quarter, compared to analyst estimates of C$2.04 billion. Agnico Eagle Mines had a net margin of 29.29% and a return on equity of 10.89%.

A number of other equities research analysts have also weighed in on the stock. Eight Capital boosted their target price on shares of Agnico Eagle Mines from C$92.00 to C$105.00 and gave the company a “buy” rating in a research note on Monday. National Bankshares decreased their target price on shares of Agnico Eagle Mines from C$105.00 to C$104.00 and set an “outperform” rating for the company in a research note on Friday. TD Securities decreased their target price on shares of Agnico Eagle Mines to C$62.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. Stifel Nicolaus upped their price objective on Agnico Eagle Mines from C$94.00 to C$104.00 and gave the stock a “buy” rating in a research note on Friday. Finally, National Bank Financial restated an “outperform overweight” rating on shares of Agnico Eagle Mines in a research note on Monday, April 8th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$95.75.

Agnico Eagle Mines Price Performance

Shares of AEM opened at C$85.30 on Tuesday. The firm has a market cap of C$42.50 billion, a PE ratio of 15.77, a P/E/G ratio of 22.97 and a beta of 1.07. The company has a current ratio of 2.09, a quick ratio of 0.89 and a debt-to-equity ratio of 10.32. The firm has a fifty day simple moving average of C$75.30 and a two-hundred day simple moving average of C$70.69. Agnico Eagle Mines has a 1-year low of C$59.36 and a 1-year high of C$88.27.

Agnico Eagle Mines Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.537 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.15 annualized dividend and a dividend yield of 2.52%. Agnico Eagle Mines’s dividend payout ratio (DPR) is 39.74%.

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.