Zacks Research Predicts TSE:AEM FY2024 Earnings

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Analysts at Zacks Research issued their FY2024 earnings estimates for Agnico Eagle Mines in a research report issued to clients and investors on Tuesday, November 12th. Zacks Research analyst A. Barman expects that the company will earn $5.47 per share for the year. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $5.50 per share. Zacks Research also issued estimates for Agnico Eagle Mines’ Q1 2025 earnings at $1.09 EPS, Q2 2025 earnings at $1.20 EPS, Q3 2025 earnings at $1.26 EPS, FY2025 earnings at $4.88 EPS, Q2 2026 earnings at $1.19 EPS, Q3 2026 earnings at $1.21 EPS and FY2026 earnings at $4.67 EPS.

Several other research analysts have also recently weighed in on AEM. Canaccord Genuity Group boosted their price target on shares of Agnico Eagle Mines from C$105.00 to C$118.00 in a report on Tuesday, July 23rd. National Bankshares upped their target price on Agnico Eagle Mines from C$143.00 to C$144.00 and gave the company an “outperform” rating in a report on Friday, November 1st. UBS Group upgraded Agnico Eagle Mines to a “strong-buy” rating in a report on Tuesday, September 17th. Finally, Stifel Nicolaus lifted their target price on Agnico Eagle Mines from C$114.00 to C$140.00 in a research note on Monday, October 21st. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Agnico Eagle Mines presently has an average rating of “Buy” and a consensus target price of C$116.00.

Agnico Eagle Mines Price Performance

AEM opened at C$108.15 on Friday. Agnico Eagle Mines has a 1 year low of C$60.17 and a 1 year high of C$123.86. The company has a debt-to-equity ratio of 9.94, a current ratio of 1.51 and a quick ratio of 0.89. The company has a market capitalization of C$54.19 billion, a price-to-earnings ratio of 67.59, a P/E/G ratio of 22.97 and a beta of 1.10. The firm’s fifty day moving average price is C$112.47 and its two-hundred day moving average price is C$102.06.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last posted its earnings results on Wednesday, October 30th. The company reported C$1.56 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.35 by C$0.21. The company had revenue of C$2.94 billion for the quarter, compared to analyst estimates of C$2.50 billion. Agnico Eagle Mines had a net margin of 8.49% and a return on equity of 3.10%.

Insider Activity

In related news, Director John Merfyn Roberts sold 2,000 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of C$111.84, for a total value of C$223,680.00. Also, Senior Officer Ammar Al-Joundi sold 19,900 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of C$109.25, for a total value of C$2,174,075.00. Insiders have sold a total of 118,972 shares of company stock worth $13,275,384 over the last ninety days. Company insiders own 0.08% of the company’s stock.

Agnico Eagle Mines Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Friday, November 29th. Agnico Eagle Mines’s dividend payout ratio (DPR) 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.