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

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Equities researchers at Raymond James increased their Q2 2024 EPS estimates for Agnico Eagle Mines in a note issued to 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 forecast 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 posted its quarterly earnings data on Thursday, February 15th. The company reported C$0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.65 by C$0.13. The company had revenue of C$2.39 billion for the quarter, compared to analyst estimates of C$2.04 billion. Agnico Eagle Mines had a net margin of 29.29% and a return on equity of 10.89%.

A number of other analysts have also issued reports on the stock. Cormark dropped their price objective on shares of Agnico Eagle Mines from C$97.00 to C$90.00 in a research note on Tuesday, February 20th. Stifel Nicolaus lifted their price target 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, April 19th. Eight Capital boosted 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. Canaccord Genuity Group boosted their target price on shares of Agnico Eagle Mines from C$92.00 to C$105.00 in a research note on Tuesday. Finally, National Bankshares lowered their target price 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, April 19th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Agnico Eagle Mines presently has an average rating of “Buy” and an average price target of C$97.50.

Agnico Eagle Mines Trading Up 1.7 %

AEM opened at C$88.72 on Thursday. The firm has a market capitalization of C$44.21 billion, a P/E ratio of 16.40, a P/E/G ratio of 22.97 and a beta of 1.07. The firm’s 50 day moving average is C$76.32 and its 200-day moving average is C$70.98. Agnico Eagle Mines has a 52-week low of C$59.36 and a 52-week high of C$89.43. The company has a quick ratio of 0.89, a current ratio of 2.09 and a debt-to-equity ratio of 10.32.

Agnico Eagle Mines Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $0.537 per share. This represents a $2.15 annualized dividend and a dividend yield of 2.42%. The ex-dividend date was Thursday, February 29th. Agnico Eagle Mines’s dividend payout ratio (DPR) is 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.