FY2028 Earnings Estimate for AEM Issued By Zacks Research

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Analysts at Zacks Research issued their FY2028 earnings per share (EPS) estimates for shares of Agnico Eagle Mines in a note issued to investors on Wednesday, February 25th. Zacks Research analyst Team expects that the mining company will post earnings of $12.29 per share for the year. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $4.63 per share.

A number of other research analysts have also weighed in on AEM. TD Securities set a $251.00 price objective on Agnico Eagle Mines and gave the company a “buy” rating in a research report on Tuesday, February 17th. Raymond James Financial reiterated an “outperform” rating and issued a $225.00 target price on shares of Agnico Eagle Mines in a report on Wednesday, January 14th. Citigroup increased their price target on Agnico Eagle Mines from $198.00 to $256.00 and gave the company a “buy” rating in a report on Thursday, January 15th. Weiss Ratings cut shares of Agnico Eagle Mines from a “buy (a-)” rating to a “buy (b)” rating in a research report on Monday, January 12th. Finally, Scotiabank reissued an “outperform” rating and issued a $280.00 target price on shares of Agnico Eagle Mines in a research note on Tuesday, February 17th. Three analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $234.91.

Agnico Eagle Mines Stock Performance

NYSE AEM opened at $246.52 on Thursday. The business has a 50-day moving average price of $200.92 and a 200-day moving average price of $173.82. The company has a quick ratio of 1.33, a current ratio of 2.02 and a debt-to-equity ratio of 0.01. Agnico Eagle Mines has a twelve month low of $92.11 and a twelve month high of $246.78. The firm has a market cap of $123.51 billion, a price-to-earnings ratio of 27.76, a price-to-earnings-growth ratio of 0.56 and a beta of 0.63.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its earnings results on Thursday, February 12th. The mining company reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.13. The business had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $3.40 billion. Agnico Eagle Mines had a return on equity of 18.09% and a net margin of 37.47%.The business’s revenue for the quarter was up 60.3% on a year-over-year basis. During the same period last year, the firm posted $1.26 earnings per share.

Agnico Eagle Mines Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be issued a $0.45 dividend. The ex-dividend date is Monday, March 2nd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.7%. This is a boost from Agnico Eagle Mines’s previous quarterly dividend of $0.40. Agnico Eagle Mines’s dividend payout ratio (DPR) is 18.02%.

Institutional Investors Weigh In On Agnico Eagle Mines

A number of institutional investors have recently added to or reduced their stakes in the stock. True Wealth Design LLC raised its holdings in Agnico Eagle Mines by 381.3% in the third quarter. True Wealth Design LLC now owns 154 shares of the mining company’s stock worth $26,000 after purchasing an additional 122 shares in the last quarter. Acumen Wealth Advisors LLC bought a new position in shares of Agnico Eagle Mines during the 4th quarter worth approximately $26,000. Twin Peaks Wealth Advisors LLC purchased a new stake in Agnico Eagle Mines during the second quarter valued at approximately $29,000. Blue Bell Private Wealth Management LLC lifted its position in Agnico Eagle Mines by 59.7% during the third quarter. Blue Bell Private Wealth Management LLC now owns 198 shares of the mining company’s stock valued at $33,000 after acquiring an additional 74 shares during the last quarter. Finally, MCF Advisors LLC acquired a new stake in Agnico Eagle Mines in the third quarter valued at approximately $34,000. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited (NYSE: AEM) is a Canadian-based senior gold producer headquartered in Toronto, Ontario. The company is principally engaged in the exploration, development, production and reclamation of gold-bearing properties. Agnico Eagle pursues both greenfield and brownfield exploration to expand its resource base and operates a portfolio of producing mines and development projects to generate long-life gold production.

Its core business activities span the full mining lifecycle: grassroots and advanced-stage exploration, prefeasibility and feasibility studies, mine construction, underground and open-pit mining, ore processing and metal recovery, and post-mining reclamation and closure.