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Agnico Eagle Mines (AEM) Stock Price, News & Analysis

$58.75
+0.90 (+1.56%)
(As of 09:34 AM ET)
Today's Range
$58.30
$58.78
50-Day Range
$44.97
$57.85
52-Week Range
$43.22
$61.15
Volume
195,123 shs
Average Volume
3.04 million shs
Market Capitalization
$29.26 billion
P/E Ratio
14.29
Dividend Yield
2.72%
Price Target
$63.71

Agnico Eagle Mines MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.88 Rating Score
Upside/​Downside
10.1% Upside
$63.71 Price Target
Short Interest
Healthy
1.47% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-6.29
Upright™ Environmental Score
News Sentiment
1.06mentions of Agnico Eagle Mines in the last 14 days
Based on 9 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
13.91%
From $2.30 to $2.62 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.86 out of 5 stars

Basic Materials Sector

5th out of 171 stocks

Gold & Silver Ores Industry

2nd out of 37 stocks

AEM stock logo

About Agnico Eagle Mines Stock (NYSE:AEM)

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. 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. Agnico Eagle Mines Limited was incorporated in 1953 and is headquartered in Toronto, Canada.

AEM Stock Price History

AEM Stock News Headlines

[BUY ALERT] Our #1 A.I. Stock for March
It's the one AI stock nobody is talking about. Cathy Wood just bought 11 million shares of it.
Agnico Eagle Mines Ltd.
[BUY ALERT] Our #1 A.I. Stock for March
It's the one AI stock nobody is talking about. Cathy Wood just bought 11 million shares of it.
Agnico Eagle: A Sleep Well At Night Sector Leader
RBC Capital Sticks to Its Buy Rating for Agnico Eagle (AEM)
Agnico Eagle Mines Ltd AEM
Agnico Eagle Mines Ltd
Stocks in play: Agnico Eagle Mines Ltd.
AEM:CA Agnico Eagle Mines Limited
Agnico Eagle goes ex-dividend tomorrow
See More Headlines
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Company Calendar

Last Earnings
2/16/2024
Ex-Dividend for 3/15 Dividend
2/29/2024
Dividend Payable
3/15/2024
Today
3/28/2024
Next Earnings (Confirmed)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Gold & silver ores
Sub-Industry
N/A
CIK
2809
Employees
16,105
Year Founded
1957

Price Target and Rating

Average Stock Price Target
$63.71
High Stock Price Target
$71.00
Low Stock Price Target
$54.00
Potential Upside/Downside
+10.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.88
Research Coverage
8 Analysts

Profitability

Net Income
$1.94 billion
Pretax Margin
35.60%

Debt

Sales & Book Value

Annual Sales
$6.63 billion
Cash Flow
$5.38 per share
Book Value
$39.02 per share

Miscellaneous

Free Float
495,461,000
Market Cap
$28.81 billion
Optionable
Optionable
Beta
1.03

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Key Executives

  • Mr. Ammar Al-Joundi M.B.A. (Age 60)
    CEO, President & Director
    Comp: $3.93M
  • Mr. Jean Robitaille (Age 61)
    Executive VP and Chief Strategy & Technology Officer
    Comp: $1.39M
  • Mr. Dominique Girard B.Sc.
    ENG., P.Eng., Executive VP and COO of Nunavut, Quebec & Europe
  • Mr. James R. Porter B.A.Sc.
    CPA, CA, CPA, (Illinois), Executive VP of Finance & Chief Financial Officer
  • Mr. Christopher Vollmershausen L.L.B.
    Executive VP of Legal, General Counsel & Corporate Secretary
  • Mr. Peter J. Netupsky C.A. (Age 43)
    C.F.A., CPA, Vice President of Corporate Development
  • Mr. Jason Allaire
    Vice President of Health, Safety, Social Affairs & People
  • Mr. Guy Gosselin Eng.
    Ing, M.Sc., P.Eng., P.Geo., Executive Vice President of Exploration
  • Ms. Natasha Nella Dominica Vaz MBA (Age 44)
    P. Eng., Executive VP and COO of Ontario, Australia & Mexico
  • Mr. Mohammed Ali
    Vice President of Sustainability & Regulatory Affairs

Should I Buy Agnico Eagle Mines Stock? AEM Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Agnico Eagle Mines was last updated on Wednesday, March 27, 2024 at 11:39 PM.

Pros

Here are some ways that investors could benefit from investing in Agnico Eagle Mines Limited:

  • Agnico Eagle Mines Limited has a strong presence in multiple countries, including Canada, Australia, Finland, and Mexico, providing geographic diversification in its operations.
  • Institutional investors like Vanguard Group Inc., Norges Bank, and The Manufacturers Life Insurance Company have significantly increased their stakes in Agnico Eagle Mines, indicating confidence in the company's growth potential.
  • Wall Street analysts have generally given positive ratings to Agnico Eagle Mines, with several analysts recommending a "buy" or "outperform" rating, suggesting a favorable outlook for the company.
  • Recent developments show that Sprott Inc. has increased its position in Agnico Eagle Mines, reflecting a growing interest from prominent investment firms in the company's stock.
  • Gold and silver ores, the industry in which Agnico Eagle Mines operates, are considered safe-haven assets during times of economic uncertainty, making the company's stock potentially attractive for investors seeking stability.

Cons

Investors should be bearish about investing in Agnico Eagle Mines Limited for these reasons:

  • Volatility in the prices of gold and silver, which are the primary commodities Agnico Eagle Mines deals with, can impact the company's profitability and stock performance, leading to potential investment risks.
  • Market analysts have adjusted price targets for Agnico Eagle Mines, with some lowering their estimates, indicating a level of uncertainty surrounding the company's future financial performance.
  • While institutional ownership in Agnico Eagle Mines is significant, it also means that the stock may be influenced by large-scale trading decisions from these investors, potentially leading to sudden price fluctuations.
  • Investing in mining companies like Agnico Eagle Mines carries inherent risks related to operational challenges, regulatory changes, and environmental concerns that could affect the company's operations and financial results.
  • Considering the current stock price and market conditions, investors should carefully assess the potential risks and rewards associated with investing in Agnico Eagle Mines before making investment decisions.

AEM Stock Analysis - Frequently Asked Questions

Should I buy or sell Agnico Eagle Mines stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Agnico Eagle Mines in the last twelve months. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" AEM shares.
View AEM analyst ratings
or view top-rated stocks.

What is Agnico Eagle Mines' stock price target for 2024?

8 equities research analysts have issued 1-year price targets for Agnico Eagle Mines' shares. Their AEM share price targets range from $54.00 to $71.00. On average, they anticipate the company's share price to reach $63.71 in the next year. This suggests a possible upside of 10.1% from the stock's current price.
View analysts price targets for AEM
or view top-rated stocks among Wall Street analysts.

How have AEM shares performed in 2024?

Agnico Eagle Mines' stock was trading at $54.85 at the beginning of 2024. Since then, AEM stock has increased by 5.5% and is now trading at $57.85.
View the best growth stocks for 2024 here
.

Are investors shorting Agnico Eagle Mines?

Agnico Eagle Mines saw a decline in short interest in the month of March. As of March 15th, there was short interest totaling 7,270,000 shares, a decline of 39.7% from the February 29th total of 12,060,000 shares. Based on an average daily trading volume, of 3,000,000 shares, the days-to-cover ratio is currently 2.4 days. Approximately 1.5% of the company's stock are short sold.
View Agnico Eagle Mines' Short Interest
.

When is Agnico Eagle Mines' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our AEM earnings forecast
.

How can I listen to Agnico Eagle Mines' earnings call?

Agnico Eagle Mines will be holding an earnings conference call on Friday, April 26th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 416-764-8677 with passcode "505445 #".

How were Agnico Eagle Mines' earnings last quarter?

Agnico Eagle Mines Limited (NYSE:AEM) released its quarterly earnings data on Friday, February, 16th. The mining company reported $0.57 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.09. The mining company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.72 billion. Agnico Eagle Mines had a trailing twelve-month return on equity of 5.54% and a net margin of 29.29%. The business's quarterly revenue was up 26.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.41 earnings per share.

How often does Agnico Eagle Mines pay dividends? What is the dividend yield for Agnico Eagle Mines?

Agnico Eagle Mines announced a quarterly dividend on Thursday, February 15th. Investors of record on Friday, March 1st will be paid a dividend of $0.40 per share on Friday, March 15th. This represents a $1.60 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend is Thursday, February 29th.
Read our dividend analysis for AEM
.

Is Agnico Eagle Mines a good dividend stock?

Agnico Eagle Mines (NYSE:AEM) pays an annual dividend of $1.60 per share and currently has a dividend yield of 2.85%. The dividend payout ratio is 38.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AEM will have a dividend payout ratio of 61.07% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AEM.

What ETF holds Agnico Eagle Mines' stock?

iShares North American Natural Resources ETF holds 122,828 shares of AEM stock, representing 1.01% of its portfolio.

What is Camerano Luca Valerio's approval rating as Agnico Eagle Mines' CEO?

8 employees have rated Agnico Eagle Mines Chief Executive Officer Camerano Luca Valerio on Glassdoor.com. Camerano Luca Valerio has an approval rating of 87% among the company's employees.

What other stocks do shareholders of Agnico Eagle Mines own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Agnico Eagle Mines investors own include Barrick Gold (GOLD), Newmont (NEM), NVIDIA (NVDA), Royal Gold (RGLD), Micron Technology (MU), Wheaton Precious Metals (WPM), Cisco Systems (CSCO), Intel (INTC), Advanced Micro Devices (AMD) and Alibaba Group (BABA).

Who are Agnico Eagle Mines' major shareholders?

Agnico Eagle Mines' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Van ECK Associates Corp (4.63%), FIL Ltd (4.04%), Vanguard Group Inc. (3.53%), Vanguard Group Inc. (3.53%), Massachusetts Financial Services Co. MA (2.63%) and Mackenzie Financial Corp (1.97%).

How do I buy shares of Agnico Eagle Mines?

Shares of AEM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Agnico Eagle Mines have any subsidiaries?
The following companies are subsidiares of Agnico Eagle Mines: Agnico Eagle (usa) Limited, Agnico Eagle Finland Oy, Agnico Eagle Mines Limited, Agnico Sonora S.A. de C.V., Grayd Resource Corporation, Meliadine Holdings Inc, Servicios Agnico del Pacifico S.A. de C.V., and Servicios Pinos Altos S.A. de C.V..
Read More
This page (NYSE:AEM) was last updated on 3/28/2024 by MarketBeat.com Staff

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