FY2024 Earnings Forecast for Agnico Eagle Mines Limited Issued By Raymond James (NYSE:AEM)

Agnico Eagle Mines Limited (NYSE:AEMFree Report) (TSE:AEM) – Analysts at Raymond James raised their FY2024 earnings per share (EPS) estimates for shares of Agnico Eagle Mines in a note issued to investors on Thursday, June 20th. Raymond James analyst F. Hamed now expects that the mining company will post earnings of $3.33 per share for the year, up from their prior estimate of $3.31. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $3.16 per share. Raymond James also issued estimates for Agnico Eagle Mines’ Q1 2025 earnings at $0.65 EPS, Q2 2025 earnings at $0.66 EPS, Q3 2025 earnings at $0.66 EPS, Q4 2025 earnings at $0.66 EPS and FY2025 earnings at $2.63 EPS.

AEM has been the subject of a number of other reports. CIBC boosted their price target on Agnico Eagle Mines from $80.00 to $81.00 and gave the company an “outperform” rating in a research note on Tuesday, April 30th. National Bank Financial restated an “outperform overweight” rating on shares of Agnico Eagle Mines in a research report on Monday, April 8th. BMO Capital Markets decreased their price target on shares of Agnico Eagle Mines from $79.00 to $77.00 and set an “outperform” rating on the stock in a research report on Thursday. Jefferies Financial Group boosted their price objective on shares of Agnico Eagle Mines from $58.00 to $59.00 and gave the company a “hold” rating in a research report on Thursday. Finally, Citigroup upped their price objective on Agnico Eagle Mines from $65.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $72.22.

View Our Latest Stock Report on Agnico Eagle Mines

Agnico Eagle Mines Stock Down 1.3 %

Agnico Eagle Mines stock opened at $65.23 on Friday. Agnico Eagle Mines has a one year low of $43.22 and a one year high of $71.50. The stock has a fifty day moving average of $66.01 and a 200 day moving average of $57.52. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.88 and a current ratio of 2.21. The stock has a market cap of $32.63 billion, a PE ratio of 68.66, a price-to-earnings-growth ratio of 0.73 and a beta of 1.11.

Agnico Eagle Mines (NYSE:AEMGet Free Report) (TSE:AEM) last posted its earnings results on Thursday, April 25th. The mining company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.16. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.78 billion. Agnico Eagle Mines had a net margin of 6.79% and a return on equity of 6.09%. The firm’s revenue was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.57 EPS.

Institutional Investors Weigh In On Agnico Eagle Mines

Institutional investors and hedge funds have recently bought and sold shares of the business. Banque Cantonale Vaudoise lifted its position in Agnico Eagle Mines by 2.8% during the first quarter. Banque Cantonale Vaudoise now owns 6,190 shares of the mining company’s stock valued at $369,000 after purchasing an additional 169 shares during the last quarter. Gulf International Bank UK Ltd lifted its holdings in shares of Agnico Eagle Mines by 4.7% in the 1st quarter. Gulf International Bank UK Ltd now owns 5,030 shares of the mining company’s stock valued at $300,000 after acquiring an additional 226 shares during the last quarter. Natixis Advisors L.P. grew its position in Agnico Eagle Mines by 1.3% in the third quarter. Natixis Advisors L.P. now owns 18,206 shares of the mining company’s stock worth $827,000 after acquiring an additional 242 shares in the last quarter. Violich Capital Management Inc. increased its stake in Agnico Eagle Mines by 1.4% during the first quarter. Violich Capital Management Inc. now owns 21,654 shares of the mining company’s stock worth $1,292,000 after acquiring an additional 300 shares during the last quarter. Finally, Avantax Advisory Services Inc. raised its position in Agnico Eagle Mines by 2.2% during the fourth quarter. Avantax Advisory Services Inc. now owns 16,031 shares of the mining company’s stock valued at $879,000 after purchasing an additional 339 shares during the period. 68.34% of the stock is owned by institutional investors.

Agnico Eagle Mines Company Profile

(Get Free Report)

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.

Further Reading

Earnings History and Estimates for Agnico Eagle Mines (NYSE:AEM)

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