Scotiabank Lowers Earnings Estimates for Agnico Eagle Mines

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Stock analysts at Scotiabank lowered their FY2025 earnings per share estimates for shares of Agnico Eagle Mines in a report issued on Friday, January 30th. Scotiabank analyst T. Jakusconek now expects that the company will earn $11.14 per share for the year, down from their previous forecast of $11.31. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $5.50 per share.

Other analysts have also recently issued reports about the stock. Royal Bank Of Canada cut shares of Agnico Eagle Mines from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, December 10th. JPMorgan Chase & Co. set a C$337.00 target price on shares of Agnico Eagle Mines and gave the stock a “neutral” rating in a report on Thursday. Stifel Nicolaus upped their price target on shares of Agnico Eagle Mines from C$195.00 to C$300.00 in a report on Monday, October 20th. Finally, National Bankshares increased their price target on Agnico Eagle Mines from C$285.00 to C$300.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 9th. Five analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Agnico Eagle Mines presently has an average rating of “Buy” and a consensus target price of C$260.50.

Agnico Eagle Mines Trading Down 10.8%

Agnico Eagle Mines stock opened at C$258.84 on Monday. The stock has a 50-day moving average price of C$252.72 and a 200 day moving average price of C$225.27. The company has a market capitalization of C$129.95 billion, a price-to-earnings ratio of 37.84, a price-to-earnings-growth ratio of 22.97 and a beta of 1.42. Agnico Eagle Mines has a 52 week low of C$132.96 and a 52 week high of C$305.68. The company has a quick ratio of 0.89, a current ratio of 1.75 and a debt-to-equity ratio of 7.88.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its quarterly earnings results on Wednesday, October 29th. The company reported C$3.01 EPS for the quarter. The company had revenue of C$4.26 billion during the quarter. Agnico Eagle Mines had a return on equity of 5.05% and a net margin of 12.86%.

Agnico Eagle Mines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 15th were given a $0.40 dividend. The ex-dividend date was Monday, December 1st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.6%. Agnico Eagle Mines’s dividend payout ratio is 23.39%.

Insider Transactions at Agnico Eagle Mines

In other news, insider Ammar Al-Joundi sold 20,000 shares of the stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of C$243.40, for a total transaction of C$4,868,000.00. Following the sale, the insider directly owned 54,917 shares of the company’s stock, valued at C$13,366,797.80. This represents a 26.70% decrease in their position. Also, insider James Porter sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of C$247.42, for a total value of C$742,260.00. Following the sale, the insider owned 7,734 shares in the company, valued at C$1,913,546.28. This trade represents a 27.95% decrease in their ownership of the stock. Corporate insiders own 0.08% of the company’s stock.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines is a gold miner operating mines in Canada, Mexico, and Finland. It also owns 50% of the Canadian Malartic mine. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines on line in rapid succession in the following years. The company produced more than 1.7 million gold ounces in 2020. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions.