Scotiabank Raises Earnings Estimates for Agnico Eagle Mines

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Equities research analysts at Scotiabank raised their FY2027 EPS estimates for Agnico Eagle Mines in a research note issued on Tuesday, August 4th. Scotiabank analyst T. Jakusconek now anticipates that the company will post earnings of $15.30 per share for the year, up from their previous forecast of $15.20. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $5.50 per share.

Other research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. lowered their target price on shares of Agnico Eagle Mines from C$321.00 to C$300.00 in a research note on Thursday, April 23rd. Barclays cut their price target on Agnico Eagle Mines from C$298.00 to C$266.00 in a research note on Thursday, July 16th. National Bank Financial decreased their price target on Agnico Eagle Mines from C$350.00 to C$275.00 and set an “outperform” rating on the stock in a report on Tuesday, July 14th. BMO Capital Markets upped their price objective on Agnico Eagle Mines from C$350.00 to C$370.00 in a research note on Wednesday, April 22nd. Finally, Stifel Nicolaus cut their target price on Agnico Eagle Mines from C$350.00 to C$310.00 in a research report on Friday, July 17th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$295.33.

Agnico Eagle Mines Stock Performance

Shares of TSE AEM opened at C$235.39 on Friday. The stock has a market cap of C$119.19 billion, a PE ratio of 20.15, a price-to-earnings-growth ratio of 22.97 and a beta of 1.83. Agnico Eagle Mines has a 1 year low of C$180.26 and a 1 year high of C$348.94. The firm has a fifty day moving average price of C$219.20 and a 200-day moving average price of C$259.94. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.86 and a quick ratio of 0.89.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last posted its quarterly earnings results on Thursday, July 30th. The company reported C$4.33 earnings per share for the quarter. The business had revenue of C$5.40 billion during the quarter. Agnico Eagle Mines had a net margin of 40.45% and a return on equity of 22.69%.

Agnico Eagle Mines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, June 1st. Agnico Eagle Mines’s payout ratio is 14.55%.

Agnico Eagle Mines Company Profile

Canadian-based and led, Agnico Eagle is Canada’s largest mining company and the second largest gold producer in the world, operating mines in Canada, Australia, Finland and Mexico. The Company is advancing a pipeline of high-quality development projects in these regions to support sustainable growth over the next decade. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading sustainability practices. Agnico Eagle was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.