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

$61.74
+0.30 (+0.49%)
(As of 04/16/2024 ET)
Today's Range
$60.41
$62.27
50-Day Range
$44.97
$62.22
52-Week Range
$43.22
$64.19
Volume
5.17 million shs
Average Volume
3.27 million shs
Market Capitalization
$30.78 billion
P/E Ratio
15.02
Dividend Yield
2.59%
Price Target
$63.71

Agnico Eagle Mines MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
3.2% Upside
$63.71 Price Target
Short Interest
Healthy
1.39% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-6.29
Upright™ Environmental Score
News Sentiment
0.60mentions of Agnico Eagle Mines in the last 14 days
Based on 16 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
15.14%
From $2.51 to $2.89 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.

4.34 out of 5 stars

Basic Materials Sector

25th out of 169 stocks

Gold & Silver Ores Industry

3rd out of 36 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. It explores for gold. 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

Gold Rush: Exploring 5 Sector Giants Amidst Soaring Prices
Gold has reached new all-time highs, defying expectations amidst a robust U.S. economy and soaring stock markets. Its rally seems unstoppable, with gold trading at around $2,300 per ounce, marking an 11% increase year-to-date and a staggering 16% gain over the past 12 months.
Gold Rush: Exploring 5 Sector Giants Amidst Soaring Prices
Gold has surged to new all-time highs, defying expectations amidst a robust U.S. economy and soaring stock market trading near all highs
The “Perfect Storm” for Gold
Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.
Agnico Eagle Mines (NYSE:AEM) Stock Price Up 3.9%
Agnico Eagle Mines: Benefitting From Gold's Breakout
The “Perfect Storm” for Gold
Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.
Fortuna Silver Mines' Future Looks Bright
Agnico Eagle Mines Ltd.
Agnico Eagle: A Sleep Well At Night Sector Leader
RBC Capital Sticks to Its Buy Rating for Agnico Eagle (AEM)
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
4/16/2024
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
15,875
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
+4.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
6 Analysts

Profitability

Net Income
$1.94 billion
Pretax Margin
35.60%

Debt

Sales & Book Value

Annual Sales
$6.63 billion
Cash Flow
$5.17 per share
Book Value
$39.02 per share

Miscellaneous

Free Float
496,061,000
Market Cap
$30.42 billion
Optionable
Optionable
Beta
1.06

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Key Executives

  • Mr. James R. Porter B.A.Sc.
    CPA, CA, CPA, (Illinois), Executive VP of Finance & Chief Financial Officer
  • Mr. Jean Robitaille (Age 61)
    Executive VP and Chief Strategy & Technology Officer
    Comp: $1.02M
  • Ms. Natasha Nella Dominica Vaz MBA (Age 43)
    P. Eng., Executive VP and COO of Ontario, Australia & Mexico
    Comp: $1.06M
  • Mr. Ammar Al-Joundi M.B.A. (Age 60)
    CEO, President & Director
    Comp: $3.93M
  • 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. Dominique Girard B.Sc.
    ENG., P.Eng., Executive VP and COO of Nunavut, Quebec & Europe
  • Ms. Carol-Ann Plummer-Theriault B.Sc.
    Eng., P.Eng., Executive Vice President of Operational Excellence
  • Mr. Guy Gosselin Eng.
    Ing, M.Sc., P.Eng., P.Geo., Executive Vice President of Exploration

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

Pros

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

  • Agnico Eagle Mines reported strong earnings results, beating the consensus estimate, indicating a healthy financial performance.
  • The company has a solid net margin of 29.29% and a return on equity of 5.54%, showcasing efficient operations and profitability.
  • Agnico Eagle Mines recently announced a quarterly dividend of $0.40 per share, providing investors with a steady income stream.
  • Wall Street analysts have a positive outlook on the stock, with several analysts giving a "buy" rating and forecasting growth potential.
  • The company's revenue for the quarter was up 26.9% compared to the same period last year, demonstrating growth in its business.

Cons

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

  • Despite the positive earnings results, Agnico Eagle Mines' dividend payout ratio is relatively high at 38.93%, which may raise concerns about sustainability.
  • Some analysts have revised their target prices for the stock downwards, indicating potential uncertainties in the market outlook for the company.
  • There are a few hold ratings on the stock, suggesting mixed opinions among analysts about the future performance of Agnico Eagle Mines.
  • The ex-dividend date was recently passed, potentially impacting short-term investor decisions related to dividend income.
  • Investors should consider market volatility and fluctuations in gold prices, as they can directly impact the company's financial performance and stock value.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these Agnico Eagle Mines pros and cons to contact@marketbeat.com.

AEM Stock Analysis - Frequently Asked Questions

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

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Agnico Eagle Mines in the last year. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street 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?

6 Wall Street research analysts have issued 1 year price objectives for Agnico Eagle Mines' stock. Their AEM share price targets range from $54.00 to $71.00. On average, they expect the company's stock price to reach $63.71 in the next twelve months. This suggests a possible upside of 3.2% 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 on January 1st, 2024. Since then, AEM stock has increased by 12.6% and is now trading at $61.7350.
View the best growth stocks for 2024 here
.

Are investors shorting Agnico Eagle Mines?

Agnico Eagle Mines saw a decline in short interest in 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 volume of 3,000,000 shares, the short-interest ratio is presently 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) posted its earnings results on Friday, February, 16th. The mining company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.48 by $0.09. The mining company earned $1.76 billion during the quarter, compared to analysts' expectations of $1.72 billion. Agnico Eagle Mines had a net margin of 29.29% and a trailing twelve-month return on equity of 5.54%. The business's quarterly revenue was up 26.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $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. Shareholders 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 dividend on an annualized basis and a yield of 2.59%. 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 2.60%. 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 55.36% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AEM.

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 many different institutional and retail investors. Top institutional shareholders include Galibier Capital Management Ltd. (0.10%), Foundation Resource Management Inc. (0.06%), Benson Investment Management Company Inc. (0.02%), IMC Chicago LLC (0.00%), Murphy Pohlad Asset Management LLC (0.01%) and Annex Advisory Services LLC (0.01%).

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 4/16/2024 by MarketBeat.com Staff

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