Q1 2024 EPS Estimates for Agnico Eagle Mines Limited Raised by Raymond James (TSE:AEM)

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Raymond James lifted their Q1 2024 earnings estimates for Agnico Eagle Mines in a report issued on Thursday, April 18th. Raymond James analyst F. Hamed now anticipates that the company will post earnings per share of $0.84 for the quarter, up from their prior forecast of $0.77. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $3.44 per share.

Several other research analysts have also recently weighed in on the company. Cormark cut their price objective on Agnico Eagle Mines from C$97.00 to C$90.00 in a research report on Tuesday, February 20th. National Bank Financial reiterated an “outperform overweight” rating on shares of Agnico Eagle Mines in a research note on Monday, April 8th. TD Securities reduced their price target on shares of Agnico Eagle Mines to C$62.00 and set a “buy” rating for the company in a research report on Wednesday, February 21st. National Bankshares decreased their price objective on shares of Agnico Eagle Mines from C$105.00 to C$104.00 and set an “outperform” rating for the company in a report on Friday. Finally, Eight Capital boosted their target price on shares of Agnico Eagle Mines from C$92.00 to C$105.00 and gave the company a “buy” rating in a research note on Monday. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$95.75.

Agnico Eagle Mines Stock Performance

AEM stock opened at C$85.30 on Monday. The company has a quick ratio of 0.89, a current ratio of 2.09 and a debt-to-equity ratio of 10.32. The firm has a market cap of C$42.50 billion, a PE ratio of 15.77, a P/E/G ratio of 22.97 and a beta of 1.07. The business has a 50 day moving average of C$75.30 and a 200-day moving average of C$70.69. Agnico Eagle Mines has a 12-month low of C$59.36 and a 12-month high of C$88.27.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last posted its quarterly earnings data on Thursday, February 15th. The company reported C$0.78 EPS for the quarter, beating the consensus estimate of C$0.65 by C$0.13. Agnico Eagle Mines had a net margin of 29.29% and a return on equity of 10.89%. The firm had revenue of C$2.39 billion during the quarter, compared to analyst estimates of C$2.04 billion.

Agnico Eagle Mines Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $0.537 dividend. This represents a $2.15 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date was Thursday, February 29th. Agnico Eagle Mines’s dividend payout ratio is currently 39.74%.

About Agnico Eagle Mines

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.