Raymond James Weighs in on Agnico Eagle Mines Limited’s Q1 2024 Earnings (TSE:AEM)

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

A number of other equities research analysts have also recently issued reports on AEM. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Agnico Eagle Mines in a research report on Monday, April 8th. TD Securities decreased their target price on Agnico Eagle Mines to C$62.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. Veritas Investment Research lifted their price target on Agnico Eagle Mines from C$88.40 to C$118.00 in a research report on Friday, April 12th. National Bankshares reduced their price objective on 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. Finally, Eight Capital upped 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 research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$95.75.

Agnico Eagle Mines Trading Down 2.9 %

Shares of TSE:AEM opened at C$85.30 on Monday. The stock has a market capitalization 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 firm has a fifty day moving average price of C$75.30 and a 200 day moving average price of C$70.69. Agnico Eagle Mines has a 1 year low of C$59.36 and a 1 year high of C$88.27. 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 (TSE:AEM) (NYSE:AEM) last posted its quarterly earnings results on Thursday, February 15th. The company reported C$0.78 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.65 by C$0.13. The company had revenue of C$2.39 billion during the quarter, compared to the consensus estimate of C$2.04 billion. Agnico Eagle Mines had a return on equity of 10.89% and a net margin of 29.29%.

Agnico Eagle Mines Cuts Dividend

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