Q1 2024 Earnings Estimate for Agnico Eagle Mines Limited (TSE:AEM) Issued By Raymond James

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Research analysts at Raymond James boosted their Q1 2024 earnings per share (EPS) estimates for shares of Agnico Eagle Mines in a report released on Thursday, April 18th. Raymond James analyst F. Hamed now forecasts that the company will earn $0.84 per share for the quarter, up from their previous estimate of $0.77. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $3.44 per share.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its earnings results on Thursday, February 15th. The company reported C$0.78 earnings per share for the quarter, beating the consensus estimate of C$0.65 by C$0.13. The company had revenue of C$2.39 billion during the quarter, compared to analysts’ expectations of C$2.04 billion. Agnico Eagle Mines had a return on equity of 10.89% and a net margin of 29.29%.

Other equities research analysts have also recently issued reports about the company. TD Securities dropped their target price on Agnico Eagle Mines to C$62.00 and set a “buy” rating for the company in a report on Wednesday, February 21st. Cormark dropped their target price on Agnico Eagle Mines from C$97.00 to C$90.00 in a report on Tuesday, February 20th. National Bank Financial restated an “outperform overweight” rating on shares of Agnico Eagle Mines in a report on Monday, April 8th. Stifel Nicolaus increased their target price on Agnico Eagle Mines from C$94.00 to C$104.00 and gave the company a “buy” rating in a report on Friday. Finally, Veritas Investment Research lifted their price objective on Agnico Eagle Mines from C$88.40 to C$118.00 in a research report on Friday, April 12th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Agnico Eagle Mines has an average rating of “Buy” and a consensus target price of C$94.43.

Agnico Eagle Mines Trading Up 0.5 %

Shares of AEM stock opened at C$87.82 on Monday. The stock has a market capitalization of C$43.76 billion, a PE ratio of 16.23, a P/E/G ratio of 22.97 and a beta of 1.07. Agnico Eagle Mines has a 1-year low of C$59.36 and a 1-year high of C$88.27. The business has a 50-day moving average of C$74.86 and a 200 day moving average of C$70.52. The company has a debt-to-equity ratio of 10.32, a current ratio of 2.09 and a quick ratio of 0.89.

Agnico Eagle Mines Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $0.537 dividend. The ex-dividend date was Thursday, February 29th. This represents a $2.15 dividend on an annualized basis and a dividend yield of 2.45%. Agnico Eagle Mines’s dividend payout ratio is currently 39.74%.

About Agnico Eagle Mines

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.