Scotiabank Reduces Earnings Estimates for Agnico Eagle Mines

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Equities research analysts at Scotiabank cut their FY2025 earnings per share (EPS) estimates for Agnico Eagle Mines in a research report issued to clients and investors on Wednesday, March 19th. Scotiabank analyst T. Jakusconek now forecasts that the mining company will post earnings per share of $4.27 for the year, down from their previous estimate of $4.52. Scotiabank has a “Sector Outperform” rating and a $105.00 price objective on the stock. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $4.63 per share.

Several other analysts also recently weighed in on AEM. TD Securities dropped their price target on Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. National Bank Financial upgraded Agnico Eagle Mines to a “strong-buy” rating in a research report on Friday, March 21st. Raymond James set a $105.00 price target on shares of Agnico Eagle Mines and gave the stock an “outperform” rating in a research report on Tuesday, February 4th. Royal Bank of Canada upped their price objective on shares of Agnico Eagle Mines from $96.00 to $105.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Finally, Stifel Canada raised shares of Agnico Eagle Mines to a “strong-buy” rating in a report on Wednesday, March 19th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $95.78.

Agnico Eagle Mines Price Performance

Shares of AEM opened at $105.45 on Monday. The firm has a market capitalization of $53.04 billion, a PE ratio of 27.90, a price-to-earnings-growth ratio of 0.66 and a beta of 1.00. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.86 and a quick ratio of 0.86. The company’s fifty day moving average price is $96.63 and its 200-day moving average price is $87.32. Agnico Eagle Mines has a 1-year low of $56.05 and a 1-year high of $107.88.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its earnings results on Thursday, February 13th. The mining company reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.44). Agnico Eagle Mines had a return on equity of 10.45% and a net margin of 22.88%.

Institutional Trading of Agnico Eagle Mines

Institutional investors have recently bought and sold shares of the business. Atria Investments Inc purchased a new stake in Agnico Eagle Mines in the 3rd quarter worth $239,000. Pathstone Holdings LLC increased its stake in shares of Agnico Eagle Mines by 1.4% during the third quarter. Pathstone Holdings LLC now owns 16,468 shares of the mining company’s stock worth $1,327,000 after purchasing an additional 230 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Agnico Eagle Mines by 8.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 11,995 shares of the mining company’s stock worth $966,000 after purchasing an additional 965 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Agnico Eagle Mines by 3.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,136,854 shares of the mining company’s stock valued at $91,681,000 after buying an additional 32,991 shares in the last quarter. Finally, Raymond James Trust N.A. boosted its holdings in Agnico Eagle Mines by 3.8% in the 3rd quarter. Raymond James Trust N.A. now owns 5,579 shares of the mining company’s stock worth $449,000 after buying an additional 203 shares during the last quarter. 68.34% of the stock is owned by institutional investors and hedge funds.

Agnico Eagle Mines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a yield of 1.52%. Agnico Eagle Mines’s payout ratio is 42.33%.

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.