Equities Analysts Set Expectations for Agnico Eagle Mines Limited’s Q2 2022 Earnings (TSE:AEM)

Agnico Eagle Mines Limited (TSE:AEMGet Rating) (NYSE:AEM) – Stock analysts at KeyCorp increased their Q2 2022 earnings per share (EPS) estimates for shares of Agnico Eagle Mines in a research note issued to investors on Wednesday, May 4th. KeyCorp analyst A. Josephson now forecasts that the company will post earnings per share of $0.81 for the quarter, up from their previous estimate of $0.73. KeyCorp also issued estimates for Agnico Eagle Mines’ Q3 2022 earnings at $0.87 EPS, Q4 2022 earnings at $0.95 EPS and FY2023 earnings at $3.00 EPS.

Agnico Eagle Mines (TSE:AEMGet Rating) (NYSE:AEM) last released its earnings results on Wednesday, February 23rd. The company reported C$0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.70 by C($0.12). The company had revenue of C$1.20 billion for the quarter, compared to analyst estimates of C$1.18 billion.

AEM has been the subject of several other reports. BMO Capital Markets assumed coverage on shares of Agnico Eagle Mines in a research note on Thursday, February 10th. They issued a “buy” rating and a C$98.00 price target for the company. National Bankshares lifted their price target on shares of Agnico Eagle Mines from C$94.00 to C$99.00 in a research note on Wednesday, April 20th. Raymond James set a C$66.00 price target on shares of Agnico Eagle Mines and gave the company an “outperform” rating in a research note on Friday, February 25th. JPMorgan Chase & Co. decreased their price target on shares of Agnico Eagle Mines from C$83.00 to C$77.00 in a research note on Monday, February 28th. Finally, Canaccord Genuity Group lifted their price target on shares of Agnico Eagle Mines from C$84.00 to C$96.00 in a research note on Friday, April 22nd. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$91.64.

AEM stock opened at C$74.48 on Friday. The firm has a market cap of C$33.94 billion and a price-to-earnings ratio of 26.18. The company has a quick ratio of 0.42, a current ratio of 1.71 and a debt-to-equity ratio of 28.37. Agnico Eagle Mines has a 12-month low of C$58.02 and a 12-month high of C$89.95. The company’s fifty day simple moving average is C$76.50 and its 200 day simple moving average is C$69.50.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 15th. Shareholders of record on Wednesday, June 15th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Tuesday, May 31st. Agnico Eagle Mines’s payout ratio is 50.97%.

In related news, Director Robert Gemmell sold 1,792 shares of the company’s stock in a transaction that occurred on Thursday, May 5th. The shares were sold at an average price of C$75.35, for a total transaction of C$135,027.20. Following the sale, the director now directly owns 3,000 shares in the company, valued at approximately C$226,050. Also, Senior Officer Ammar Al-Joundi purchased 3,200 shares of the company’s stock in a transaction that occurred on Monday, February 28th. The shares were acquired at an average price of C$64.23 per share, for a total transaction of C$205,532.80. Following the completion of the purchase, the insider now directly owns 153,703 shares in the company, valued at approximately C$9,872,189.99. Over the last quarter, insiders sold 21,793 shares of company stock worth $1,579,294.

About Agnico Eagle Mines (Get Rating)

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

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

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