What is Stifel Canada’s Estimate for TSE:AEM Q3 Earnings?

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Equities research analysts at Stifel Canada issued their Q3 2024 EPS estimates for Agnico Eagle Mines in a note issued to investors on Monday, October 21st. Stifel Canada analyst I. Rico expects that the company will post earnings of $1.34 per share for the quarter. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $5.50 per share. Stifel Canada also issued estimates for Agnico Eagle Mines’ FY2024 earnings at $5.46 EPS.

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

Agnico Eagle Mines Stock Up 0.8 %

Agnico Eagle Mines stock opened at C$122.65 on Wednesday. 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 one year low of C$60.17 and a one year high of C$122.66. The company has a 50-day simple moving average of C$109.34 and a 200-day simple moving average of C$98.04. The firm has a market capitalization of C$61.45 billion, a P/E ratio of 76.26, a P/E/G ratio of 22.97 and a beta of 1.10.

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

Agnico Eagle Mines Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were given a $0.547 dividend. The ex-dividend date was Friday, August 30th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.78%. This is a boost from Agnico Eagle Mines’s previous quarterly dividend of $0.40. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 135.63%.

Insiders Place Their Bets

In other news, Senior Officer Jean Robitaille sold 15,000 shares of Agnico Eagle Mines stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$113.42, for a total value of C$1,701,300.00. In related news, Senior Officer Jean Robitaille sold 15,000 shares of Agnico Eagle Mines stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of C$113.42, for a total value of C$1,701,300.00. Also, Director John Merfyn Roberts sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of C$111.84, for a total transaction of C$223,680.00. Insiders sold 115,000 shares of company stock worth $12,518,150 over the last three months. Insiders own 0.08% of the company’s stock.

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.