FY2027 EPS Estimate for Agnico Eagle Mines Raised by Analyst

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Equities researchers at Erste Group Bank upped their FY2027 earnings per share (EPS) estimates for shares of Agnico Eagle Mines in a research note issued to investors on Tuesday, March 24th. Erste Group Bank analyst H. Engel now forecasts that the company will post earnings of $19.46 per share for the year, up from their previous forecast of $19.13. Erste Group Bank currently has a “Hold” rating on the stock. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $5.50 per share.

Several other research firms have also commented on AEM. National Bank Financial lifted their price target on shares of Agnico Eagle Mines from C$300.00 to C$320.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Royal Bank Of Canada lowered Agnico Eagle Mines from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, December 10th. TD Securities raised their target price on Agnico Eagle Mines from C$241.00 to C$251.00 and gave the stock a “buy” rating in a research note on Tuesday, February 17th. JPMorgan Chase & Co. set a C$337.00 target price on Agnico Eagle Mines and gave the company a “neutral” rating in a research report on Thursday, January 29th. Finally, Stifel Nicolaus upped their price target on Agnico Eagle Mines from C$300.00 to C$350.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$314.50.

Agnico Eagle Mines Stock Performance

TSE:AEM opened at C$260.02 on Thursday. The company’s 50-day moving average is C$291.53 and its two-hundred day moving average is C$254.16. Agnico Eagle Mines has a 1-year low of C$135.40 and a 1-year high of C$348.94. The company has a debt-to-equity ratio of 1.68, a current ratio of 2.02 and a quick ratio of 0.89. The firm has a market capitalization of C$130.27 billion, a price-to-earnings ratio of 29.35, a PEG ratio of 22.97 and a beta of 1.67.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its quarterly earnings data on Friday, February 13th. The company reported C$3.71 earnings per share (EPS) for the quarter. Agnico Eagle Mines had a net margin of 37.50% and a return on equity of 19.37%. The firm had revenue of C$4.89 billion during the quarter.

Agnico Eagle Mines Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 16th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, March 2nd. This is an increase from Agnico Eagle Mines’s previous quarterly dividend of $0.40. Agnico Eagle Mines’s dividend payout ratio is 18.06%.

Insider Buying and Selling at Agnico Eagle Mines

In related news, insider Guy Gosselin sold 4,947 shares of Agnico Eagle Mines stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of C$310.00, for a total value of C$1,533,570.00. Following the completion of the sale, the insider owned 31,381 shares in the company, valued at approximately C$9,728,110. This trade represents a 13.62% decrease in their position. Insiders own 0.08% of the company’s stock.

About Agnico Eagle Mines

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.