Q4 EPS Estimate for Agnico Eagle Mines Raised by Analyst

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Equities research analysts at Zacks Research increased their Q4 2024 earnings estimates for Agnico Eagle Mines in a research note issued on Tuesday, November 12th. Zacks Research analyst A. Barman now forecasts that the mining company will post earnings per share of $0.95 for the quarter, up from their previous estimate of $0.90. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $4.05 per share. Zacks Research also issued estimates for Agnico Eagle Mines’ Q3 2025 earnings at $0.90 EPS, Q4 2025 earnings at $0.96 EPS, Q1 2026 earnings at $0.79 EPS and Q2 2026 earnings at $0.85 EPS.

AEM has been the topic of a number of other reports. Scotiabank raised their price objective on Agnico Eagle Mines from $81.00 to $94.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. UBS Group started coverage on Agnico Eagle Mines in a research report on Tuesday, September 17th. They set a “buy” rating and a $95.00 price target on the stock. TD Securities increased their price objective on Agnico Eagle Mines from $90.00 to $91.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Royal Bank of Canada lifted their target price on shares of Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Finally, Jefferies Financial Group raised their price target on shares of Agnico Eagle Mines from $68.00 to $85.00 and gave the stock a “hold” rating in a report on Friday, October 4th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Agnico Eagle Mines presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.78.

Agnico Eagle Mines Price Performance

AEM stock opened at $75.99 on Thursday. The firm has a market cap of $38.13 billion, a P/E ratio of 38.00, a P/E/G ratio of 0.67 and a beta of 1.09. The firm’s fifty day moving average is $82.45 and its 200 day moving average is $75.24. Agnico Eagle Mines has a 52 week low of $44.37 and a 52 week high of $89.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.83 and a current ratio of 1.75.

Institutional Investors Weigh In On Agnico Eagle Mines

A number of large investors have recently modified their holdings of AEM. FMR LLC lifted its holdings in Agnico Eagle Mines by 43.5% in the third quarter. FMR LLC now owns 15,061,244 shares of the mining company’s stock worth $1,213,311,000 after buying an additional 4,562,005 shares during the period. National Bank of Canada FI boosted its position in shares of Agnico Eagle Mines by 27.9% during the first quarter. National Bank of Canada FI now owns 4,007,554 shares of the mining company’s stock valued at $239,051,000 after purchasing an additional 874,920 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Agnico Eagle Mines by 16.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,892,898 shares of the mining company’s stock valued at $474,660,000 after purchasing an additional 817,240 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Agnico Eagle Mines by 17.1% in the third quarter. The Manufacturers Life Insurance Company now owns 4,051,140 shares of the mining company’s stock worth $326,571,000 after purchasing an additional 591,178 shares during the period. Finally, TD Asset Management Inc raised its holdings in Agnico Eagle Mines by 10.3% in the second quarter. TD Asset Management Inc now owns 5,852,648 shares of the mining company’s stock worth $382,720,000 after purchasing an additional 546,542 shares in the last quarter. Institutional investors own 68.34% of the company’s stock.

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.