Q2 2024 Earnings Forecast for Agnico Eagle Mines Limited Issued By Raymond James (TSE:AEM)

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Equities research analysts at Raymond James boosted their Q2 2024 EPS estimates for shares of Agnico Eagle Mines in a research report issued to clients and investors on Monday, April 22nd. Raymond James analyst F. Hamed now expects that the company will post earnings of $1.16 per share for the quarter, up from their prior estimate of $0.72. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $3.44 per share. Raymond James also issued estimates for Agnico Eagle Mines’ Q3 2024 earnings at $1.20 EPS, Q4 2024 earnings at $1.23 EPS and FY2024 earnings at $4.44 EPS.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its quarterly earnings data on Thursday, February 15th. The company reported C$0.78 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of C$2.39 billion during the quarter, compared to analyst estimates of C$2.04 billion.

A number of other research firms have also commented on AEM. Eight Capital boosted their price target on shares of Agnico Eagle Mines from C$92.00 to C$105.00 and gave the company a “buy” rating in a research report on Monday. Veritas Investment Research boosted their price target on shares of Agnico Eagle Mines from C$88.40 to C$118.00 in a research report on Friday, April 12th. National Bank Financial restated an “outperform overweight” rating on shares of Agnico Eagle Mines in a research report on Monday, April 8th. National Bankshares reduced their price target on shares of Agnico Eagle Mines from C$105.00 to C$104.00 and set an “outperform” rating for the company in a research report on Friday, April 19th. Finally, 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. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$97.50.

Agnico Eagle Mines Stock Up 1.5 %

Agnico Eagle Mines stock opened at C$87.26 on Thursday. The firm has a 50 day simple moving average of C$75.80 and a 200 day simple moving average of C$70.86. The company has a current ratio of 2.09, a quick ratio of 0.89 and a debt-to-equity ratio of 10.32. Agnico Eagle Mines has a 1-year low of C$59.36 and a 1-year high of C$88.27. The firm has a market capitalization of C$43.48 billion, a price-to-earnings ratio of 16.13, a P/E/G ratio of 22.97 and a beta of 1.07.

Agnico Eagle Mines Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a $0.537 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.15 annualized dividend and a yield of 2.46%. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 39.74%.

Agnico Eagle Mines Company Profile

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.