Agnico Eagle Mines Limited (TSE:AEM) Expected to Post FY2024 Earnings of $4.52 Per Share

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Analysts at National Bank Financial boosted their FY2024 earnings per share (EPS) estimates for Agnico Eagle Mines in a note issued to investors on Monday, April 29th. National Bank Financial analyst M. Parkin now expects that the company will post earnings per share of $4.52 for the year, up from their prior forecast of $3.08. National Bank Financial currently has a “Outperform Overweight” rating on the stock. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $3.44 per share. National Bank Financial also issued estimates for Agnico Eagle Mines’ FY2025 earnings at $5.00 EPS.

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

AEM has been the topic of several other research reports. Veritas Investment Research boosted their price target on shares of Agnico Eagle Mines from C$88.40 to C$118.00 in a research report on Friday, April 12th. Stifel Nicolaus boosted their price target on shares of 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. Eight Capital boosted their price target on shares of Agnico Eagle Mines from C$92.00 to C$105.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Canaccord Genuity Group boosted their price target on shares of Agnico Eagle Mines from C$92.00 to C$105.00 in a research report on Tuesday, April 23rd. Finally, TD Securities reduced their price target on shares of Agnico Eagle Mines to C$62.00 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$97.50.

Agnico Eagle Mines Trading Up 0.7 %

Shares of AEM opened at C$89.05 on Thursday. The company’s fifty day moving average is C$78.73 and its 200 day moving average is C$71.84. Agnico Eagle Mines has a fifty-two week low of C$59.36 and a fifty-two week high of C$92.62. The stock has a market capitalization of C$44.37 billion, a PE ratio of 16.46, a P/E/G ratio of 22.97 and a beta of 1.07. The company has a debt-to-equity ratio of 10.32, a quick ratio of 0.89 and a current ratio of 2.09.

Agnico Eagle Mines Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, June 14th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend is Friday, May 31st. Agnico Eagle Mines’s dividend payout ratio (DPR) is 39.74%.

Agnico Eagle Mines Company Profile

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.