Zacks Research Weighs in on TSE:AEM FY2028 Earnings

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Zacks Research issued their FY2028 earnings estimates for shares of Agnico Eagle Mines in a research report issued to clients and investors on Wednesday, February 25th. Zacks Research analyst Team expects that the company will post earnings of $16.81 per share for the year. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $5.50 per share.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its quarterly earnings results on Friday, February 13th. The company reported C$3.71 earnings per share (EPS) for the quarter. The business had revenue of C$4.89 billion during the quarter. Agnico Eagle Mines had a net margin of 12.86% and a return on equity of 5.05%.

A number of other research firms have also recently commented on AEM. TD Securities upped their target price on shares of Agnico Eagle Mines from C$241.00 to C$251.00 and gave the company a “buy” rating in a research report on Tuesday, February 17th. National Bank Financial boosted 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 note on Wednesday, February 4th. 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. Stifel Nicolaus increased their target price on Agnico Eagle Mines from C$300.00 to C$350.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Finally, Erste Group Bank lowered shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$272.60.

Agnico Eagle Mines Price Performance

AEM stock opened at C$337.09 on Thursday. The business has a fifty day moving average of C$275.78 and a two-hundred day moving average of C$240.55. The company has a quick ratio of 0.89, a current ratio of 1.75 and a debt-to-equity ratio of 7.88. The stock has a market cap of C$168.65 billion, a price-to-earnings ratio of 38.05, a price-to-earnings-growth ratio of 22.97 and a beta of 1.54. Agnico Eagle Mines has a 52-week low of C$132.96 and a 52-week high of C$337.51.

Agnico Eagle Mines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 15th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, December 1st. Agnico Eagle Mines’s dividend payout ratio is currently 18.06%.

Insider Buying and Selling

In related news, insider James Porter sold 3,000 shares of the stock in a transaction on 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 transaction, the insider directly owned 7,734 shares of the company’s stock, valued at C$1,913,546.28. This trade represents a 27.95% decrease in their position. Also, insider Guy Gosselin sold 4,947 shares of the firm’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of C$310.00, for a total value of C$1,533,570.00. Following the transaction, the insider directly owned 31,381 shares in the company, valued at approximately C$9,728,110. The trade was a 13.62% decrease in their position. 0.08% of the stock is currently owned by company insiders.

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.