National Bank Financial Brokers Lift Earnings Estimates for Agnico Eagle Mines Limited (TSE:AEM)

Agnico Eagle Mines Limited (TSE:AEMGet Rating) (NYSE:AEM) – Equities research analysts at National Bank Financial raised their FY2023 EPS estimates for shares of Agnico Eagle Mines in a report released on Tuesday, May 10th. National Bank Financial analyst M. Parkin now expects that the company will post earnings per share of $3.35 for the year, up from their prior forecast of $3.12. National Bank Financial currently has a “Outperform” rating on the stock.

Other analysts have also issued research reports about the company. Eight Capital upped their price objective on Agnico Eagle Mines from C$100.00 to C$105.00 and gave the stock a “buy” rating in a research report on Thursday, April 21st. National Bankshares upped their price objective on Agnico Eagle Mines from C$94.00 to C$99.00 in a research report on Wednesday, April 20th. Raymond James set a C$66.00 price objective on Agnico Eagle Mines and gave the stock an “outperform” rating in a research report on Friday, February 25th. Canaccord Genuity Group upped their price objective on Agnico Eagle Mines from C$84.00 to C$96.00 in a research report on Friday, April 22nd. Finally, JPMorgan Chase & Co. cut their price objective on Agnico Eagle Mines from C$83.00 to C$77.00 in a research report on Monday, February 28th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Agnico Eagle Mines has a consensus rating of “Buy” and an average price target of C$91.64.

Agnico Eagle Mines stock opened at C$68.95 on Thursday. Agnico Eagle Mines has a twelve month low of C$58.02 and a twelve month high of C$89.95. The stock’s fifty day simple moving average is C$76.86 and its 200-day simple moving average is C$69.50. The company has a current ratio of 2.61, a quick ratio of 1.31 and a debt-to-equity ratio of 10.52. The firm has a market capitalization of C$31.42 billion and a P/E ratio of 29.67.

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 15th. Investors of record on Wednesday, June 15th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, May 31st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.32%. Agnico Eagle Mines’s payout ratio is currently 62.39%.

In related news, Senior Officer Ammar Al-Joundi acquired 3,200 shares of the firm’s stock in a transaction on Monday, February 28th. The stock was bought 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 of the company’s stock, valued at approximately C$9,872,189.99. Also, Director Robert Gemmell sold 1,792 shares of the company’s stock in a transaction 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 completion of the transaction, the director now owns 3,000 shares of the company’s stock, valued at approximately C$226,050. In the last quarter, insiders have sold 21,793 shares of company stock valued at $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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