Agnico Eagle Mines Limited Expected to Post Q2 2024 Earnings of $1.16 Per Share (TSE:AEM)

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Equities researchers at Raymond James upped their Q2 2024 earnings per share estimates for shares of Agnico Eagle Mines in a research note issued on Monday, April 22nd. Raymond James analyst F. Hamed now expects that the company will earn $1.16 per share for the quarter, up from their prior forecast of $0.72. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $3.44 per share. Raymond James also issued estimates for Agnico Eagle Mines’ Q3 2024 earnings at $1.20 EPS, Q4 2024 earnings at $1.23 EPS and FY2024 earnings at $4.44 EPS.

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

AEM has been the topic of several other reports. National Bankshares reduced their target price on Agnico Eagle Mines from C$105.00 to C$104.00 and set an “outperform” rating on the stock in a report on Friday, April 19th. Eight Capital raised their price objective on Agnico Eagle Mines from C$92.00 to C$105.00 and gave the stock a “buy” rating in a research report on Monday. Stifel Nicolaus raised their price objective on Agnico Eagle Mines from C$94.00 to C$104.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Canaccord Genuity Group raised their price objective on Agnico Eagle Mines from C$92.00 to C$105.00 in a research report on Tuesday. Finally, Veritas Investment Research raised their price objective on Agnico Eagle Mines from C$88.40 to C$118.00 in a research report on Friday, April 12th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$97.50.

Agnico Eagle Mines Stock Performance

Shares of TSE AEM opened at C$88.72 on Thursday. The firm has a market cap of C$44.21 billion, a price-to-earnings ratio of 16.40, a P/E/G ratio of 22.97 and a beta of 1.07. Agnico Eagle Mines has a one year low of C$59.36 and a one year high of C$89.43. The company has a debt-to-equity ratio of 10.32, a current ratio of 2.09 and a quick ratio of 0.89. The stock’s fifty day moving average price is C$76.32 and its two-hundred day moving average price is C$70.98.

Agnico Eagle Mines Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $0.537 per share. The ex-dividend date was Thursday, February 29th. This represents a $2.15 dividend on an annualized basis and a dividend yield of 2.42%. Agnico Eagle Mines’s payout ratio is presently 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.