TSE:AEM FY2024 EPS Lowered by National Bank Financial

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Analysts at National Bank Financial lowered their FY2024 earnings per share (EPS) estimates for Agnico Eagle Mines in a note issued to investors on Monday, February 10th. National Bank Financial analyst M. Parkin now expects that the company will earn $5.95 per share for the year, down from their previous estimate of $6.02. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $5.50 per share. National Bank Financial also issued estimates for Agnico Eagle Mines’ FY2025 earnings at $8.11 EPS.

Several other brokerages have also recently commented on AEM. Stifel Nicolaus raised their target price on Agnico Eagle Mines from C$114.00 to C$140.00 in a research report on Monday, October 21st. National Bankshares raised their target price on Agnico Eagle Mines from C$143.00 to C$144.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$116.00.

Agnico Eagle Mines Stock Down 5.1 %

Shares of AEM stock opened at C$135.79 on Thursday. The stock has a market cap of C$48.01 billion, a P/E ratio of 47.71, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10. Agnico Eagle Mines has a one year low of C$61.85 and a one year high of C$145.25. The stock has a fifty day moving average price of C$124.20 and a 200 day moving average price of C$115.76. The company has a debt-to-equity ratio of 7.88, a current ratio of 1.75 and a quick ratio of 0.89.

Insiders Place Their Bets

In other Agnico Eagle Mines news, Senior Officer Jean Robitaille sold 10,000 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of C$122.00, for a total transaction of C$1,220,000.00. Also, Director Martine Celej sold 2,208 shares of the stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of C$111.84, for a total value of C$246,942.72. Insiders sold 79,644 shares of company stock worth $9,420,367 over the last three months. 0.08% of the stock is currently owned by corporate insiders.

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.