National Bank Financial Estimates TSE:AEM Q3 Earnings

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Equities researchers at National Bank Financial issued their Q3 2024 EPS estimates for Agnico Eagle Mines in a research report issued on Tuesday, October 22nd. National Bank Financial analyst M. Parkin expects that the company will post earnings of $1.55 per share for the quarter. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $5.50 per share.

Other research analysts have also recently issued research reports about the stock. Eight Capital boosted their price objective on shares of Agnico Eagle Mines from C$105.00 to C$115.00 in a report on Thursday, July 11th. UBS Group upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a report on Tuesday, September 17th. Canaccord Genuity Group upped their price target on shares of Agnico Eagle Mines from C$105.00 to C$118.00 in a report on Tuesday, July 23rd. Finally, Stifel Nicolaus upped their price target on shares of Agnico Eagle Mines from C$114.00 to C$140.00 in a report on Monday, October 21st. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$110.29.

Agnico Eagle Mines Stock Down 0.8 %

Shares of TSE AEM opened at C$120.79 on Thursday. The stock has a market cap of C$60.52 billion, a P/E ratio of 75.49, a P/E/G ratio of 22.97 and a beta of 1.10. The firm has a 50 day moving average price of C$110.06 and a 200 day moving average price of C$98.63. 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 52-week low of C$60.17 and a 52-week high of C$123.08.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its quarterly earnings data on Wednesday, July 31st. The company reported C$1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.27 by C$0.19. The firm had revenue of C$2.84 billion during the quarter, compared to analysts’ expectations of C$2.36 billion. Agnico Eagle Mines had a net margin of 8.49% and a return on equity of 3.10%.

Insider Buying and Selling

In related news, Senior Officer Carol-Ann Plummer-Theriault sold 25,000 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of C$101.85, for a total transaction of C$2,546,250.00. In related news, Senior Officer Carol-Ann Plummer-Theriault sold 25,000 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of C$101.85, for a total transaction of C$2,546,250.00. Also, Senior Officer Dominique Girard sold 11,000 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of C$104.33, for a total transaction of C$1,147,630.00. Over the last 90 days, insiders sold 115,000 shares of company stock worth $12,518,150. 0.08% of the stock is owned by insiders.

Agnico Eagle Mines Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were issued a dividend of $0.547 per share. This is a boost from Agnico Eagle Mines’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.19 annualized dividend and a yield of 1.81%. Agnico Eagle Mines’s dividend payout ratio is presently 135.63%.

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.