Brokers Offer Predictions for Agnico Eagle Mines Limited’s Q2 2022 Earnings (TSE:AEM)

Agnico Eagle Mines Limited (TSE:AEM – Get Rating) (NYSE:AEM) – Stock analysts at National Bank Financial issued their Q2 2022 earnings estimates for Agnico Eagle Mines in a research report issued on Wednesday, July 20th. National Bank Financial analyst M. Parkin forecasts that the company will post earnings per share of $0.75 for the quarter. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $4.01 per share.

Agnico Eagle Mines (TSE:AEM – Get Rating) (NYSE:AEM) last posted its quarterly earnings data on Thursday, April 28th. The company reported C$0.76 EPS for the quarter, beating the consensus estimate of C$0.46 by C$0.30. The business had revenue of C$1.68 billion during the quarter, compared to analysts’ expectations of C$1.47 billion.

Other research analysts have also issued research reports about the stock. Eight Capital raised their price objective on shares of Agnico Eagle Mines from C$100.00 to C$105.00 and gave the company a “buy” rating in a research note on Thursday, April 21st. National Bankshares decreased their price target on shares of Agnico Eagle Mines from C$98.00 to C$75.00 and set an “outperform” rating for the company in a research note on Thursday. 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 equities research analysts have rated the stock with a buy rating, According to MarketBeat, Agnico Eagle Mines presently has an average rating of “Buy” and a consensus target price of C$89.20.

Agnico Eagle Mines Trading Down 2.3 %

TSE AEM opened at C$52.00 on Friday. The firm has a 50 day simple moving average of C$63.33 and a 200-day simple moving average of C$68.43. The company has a debt-to-equity ratio of 10.52, a quick ratio of 1.31 and a current ratio of 2.61. Agnico Eagle Mines has a one year low of C$51.58 and a one year high of C$84.66. The firm has a market cap of C$23.70 billion and a price-to-earnings ratio of 20.88.

Agnico Eagle Mines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Wednesday, June 15th were paid a $0.40 dividend. The ex-dividend date was Tuesday, May 31st. This represents a $1.60 annualized dividend and a yield of 3.08%. Agnico Eagle Mines’s dividend payout ratio is currently 58.23%.

Insiders Place Their Bets

In other Agnico Eagle Mines news, Director Robert Gemmell sold 1,792 shares of the business’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 sale, the director now directly owns 3,000 shares in the company, valued at approximately C$226,050.

About Agnico Eagle Mines

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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.