Agnico Eagle Mines Limited to Post Q1 2024 Earnings of $0.80 Per Share, Cormark Forecasts (TSE:AEM)

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Equities researchers at Cormark lifted their Q1 2024 earnings estimates for Agnico Eagle Mines in a report released on Monday, April 22nd. Cormark analyst R. Gray now expects that the company will post earnings per share of $0.80 for the quarter, up from their previous forecast of $0.74. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $3.44 per share.

Other equities research analysts also recently issued reports about the stock. Veritas Investment Research lifted their price objective on shares of Agnico Eagle Mines from C$88.40 to C$118.00 in a research note on Friday, April 12th. Stifel Nicolaus lifted their price objective on shares of Agnico Eagle Mines from C$94.00 to C$104.00 and gave the stock a “buy” rating in a research note on Friday. National Bankshares lowered 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 research note on Friday. TD Securities lowered their price objective on shares of Agnico Eagle Mines to C$62.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. Finally, Eight Capital raised their target price on shares of Agnico Eagle Mines from C$92.00 to C$105.00 and gave the stock a “buy” rating in a report on Monday. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$95.75.

Agnico Eagle Mines Trading Down 2.9 %

TSE:AEM opened at C$85.30 on Tuesday. Agnico Eagle Mines has a 12 month low of C$59.36 and a 12 month high of C$88.27. The firm has a fifty day simple moving average of C$75.30 and a 200-day simple moving average of C$70.69. The company has a current ratio of 2.09, a quick ratio of 0.89 and a debt-to-equity ratio of 10.32. The company has a market capitalization of C$42.50 billion, a P/E ratio of 15.77, a PEG ratio of 22.97 and a beta of 1.07.

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, topping 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 business had revenue of C$2.39 billion during the quarter, compared to the consensus estimate of C$2.04 billion.

Agnico Eagle Mines Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $0.537 per share. The ex-dividend date was Thursday, February 29th. This represents a $2.15 annualized dividend and a dividend yield of 2.52%. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 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.