Brokers Set Expectations for Agnico Eagle Mines Limited’s Q1 2022 Earnings (NYSE:AEM)

Agnico Eagle Mines Limited (NYSE:AEMGet Rating) (TSE:AEM) – Equities researchers at National Bank Financial issued their Q1 2022 EPS estimates for shares of Agnico Eagle Mines in a research note issued to investors on Tuesday, April 19th. National Bank Financial analyst M. Parkin forecasts that the mining company will earn $0.37 per share for the quarter. National Bank Financial also issued estimates for Agnico Eagle Mines’ FY2022 earnings at $2.09 EPS.

Agnico Eagle Mines (NYSE:AEMGet Rating) (TSE:AEM) last posted its quarterly earnings results on Wednesday, February 23rd. The mining company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.09). The company had revenue of $949.10 million during the quarter, compared to analysts’ expectations of $932.93 million. Agnico Eagle Mines had a return on equity of 10.03% and a net margin of 14.16%. During the same quarter in the previous year, the company earned $0.67 EPS.

A number of other research analysts have also weighed in on the company. Canaccord Genuity Group cut their price objective on Agnico Eagle Mines from C$90.00 to C$84.00 and set a “buy” rating for the company in a research report on Tuesday, March 1st. Stifel Nicolaus lowered their price target on shares of Agnico Eagle Mines from C$115.75 to C$100.00 in a report on Monday, February 28th. TD Securities lowered their price target on shares of Agnico Eagle Mines from $65.00 to $62.00 and set a “buy” rating for the company in a report on Tuesday, March 1st. TheStreet raised shares of Agnico Eagle Mines from a “c+” rating to a “b” rating in a report on Wednesday, March 23rd. Finally, Barclays raised their price objective on shares of Agnico Eagle Mines from $66.00 to $71.00 in a research note on Thursday. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Agnico Eagle Mines currently has a consensus rating of “Buy” and a consensus target price of $84.77.

NYSE:AEM opened at $64.89 on Thursday. Agnico Eagle Mines has a one year low of $45.42 and a one year high of $74.50. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.71 and a quick ratio of 0.56. The firm has a market capitalization of $15.93 billion, a price-to-earnings ratio of 29.36, a price-to-earnings-growth ratio of 31.23 and a beta of 0.86. The business has a fifty day moving average price of $59.41 and a 200-day moving average price of $54.70.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 15th. Investors of record on Monday, March 7th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.47%. This is a positive change from Agnico Eagle Mines’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Friday, March 4th. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 72.40%.

A number of hedge funds have recently modified their holdings of AEM. Wolverine Asset Management LLC purchased a new position in Agnico Eagle Mines during the third quarter valued at approximately $25,000. Sandy Cove Advisors LLC purchased a new position in Agnico Eagle Mines in the fourth quarter worth $27,000. Pacifica Partners Inc. grew its holdings in Agnico Eagle Mines by 78.5% in the fourth quarter. Pacifica Partners Inc. now owns 580 shares of the mining company’s stock worth $29,000 after purchasing an additional 255 shares during the last quarter. Spectrum Management Group LLC purchased a new position in Agnico Eagle Mines in the fourth quarter worth $32,000. Finally, Parallel Advisors LLC grew its holdings in Agnico Eagle Mines by 37.1% in the third quarter. Parallel Advisors LLC now owns 791 shares of the mining company’s stock worth $41,000 after purchasing an additional 214 shares during the last quarter. 64.62% of the stock is currently owned by institutional investors.

Agnico Eagle Mines Company Profile (Get Rating)

Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Sweden, and Finland. The company operates through Northern Business and Southern Business segments. It primarily produces and sells gold deposit, as well as explores for silver, zinc, and copper deposits.

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Earnings History and Estimates for Agnico Eagle Mines (NYSE:AEM)

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