Cormark Boosts Earnings Estimates for Agnico Eagle Mines

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Research analysts at Cormark upped their Q1 2025 EPS estimates for shares of Agnico Eagle Mines in a report released on Tuesday, April 22nd. Cormark analyst R. Gray now forecasts that the mining company will post earnings per share of $1.37 for the quarter, up from their previous estimate of $0.90. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $4.63 per share.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings data on Thursday, April 24th. The mining company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.51. Agnico Eagle Mines had a return on equity of 10.45% and a net margin of 22.88%.

Several other equities analysts have also recently weighed in on AEM. TD Securities cut their price objective on Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th. UBS Group upped their target price on Agnico Eagle Mines from $110.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, April 11th. BMO Capital Markets initiated coverage on shares of Agnico Eagle Mines in a research report on Wednesday, April 16th. They issued an “outperform” rating and a $181.00 price objective for the company. StockNews.com cut Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th. Finally, Stifel Canada upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a research report on Wednesday, March 19th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, Agnico Eagle Mines presently has a consensus rating of “Buy” and a consensus price target of $124.40.

Agnico Eagle Mines Trading Up 1.3 %

Shares of NYSE AEM opened at $119.80 on Thursday. The company’s fifty day moving average is $105.66 and its 200-day moving average is $92.20. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.06. The stock has a market cap of $60.29 billion, a price-to-earnings ratio of 31.69, a P/E/G ratio of 0.66 and a beta of 0.87. Agnico Eagle Mines has a twelve month low of $63.01 and a twelve month high of $126.76.

Institutional Trading of Agnico Eagle Mines

Several institutional investors and hedge funds have recently modified their holdings of AEM. Norges Bank acquired a new stake in shares of Agnico Eagle Mines during the 4th quarter valued at $573,446,000. Capital World Investors lifted its holdings in Agnico Eagle Mines by 41.9% in the fourth quarter. Capital World Investors now owns 13,952,061 shares of the mining company’s stock valued at $1,091,550,000 after buying an additional 4,121,164 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Agnico Eagle Mines by 81.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 7,051,473 shares of the mining company’s stock valued at $551,339,000 after purchasing an additional 3,155,927 shares in the last quarter. AGF Management Ltd. grew its position in shares of Agnico Eagle Mines by 184.6% during the 4th quarter. AGF Management Ltd. now owns 1,395,850 shares of the mining company’s stock worth $109,205,000 after buying an additional 905,328 shares during the period. Finally, Van ECK Associates Corp grew its holdings in Agnico Eagle Mines by 3.6% in the fourth quarter. Van ECK Associates Corp now owns 22,322,859 shares of the mining company’s stock worth $1,745,858,000 after purchasing an additional 778,919 shares during the period. 68.34% of the stock is currently owned by institutional investors.

Agnico Eagle Mines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a yield of 1.34%. Agnico Eagle Mines’s dividend payout ratio (DPR) is 42.33%.

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.