Agnico Eagle Mines Limited to Post Q2 2024 Earnings of $1.30 Per Share, Cormark Forecasts (TSE:AEM)

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Cormark raised their Q2 2024 EPS estimates for Agnico Eagle Mines in a report issued on Monday, April 29th. Cormark analyst R. Gray now expects that the company will post earnings per share of $1.30 for the quarter, up from their prior estimate of $0.74. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $3.44 per share. Cormark also issued estimates for Agnico Eagle Mines’ Q3 2024 earnings at $1.30 EPS, Q4 2024 earnings at $1.30 EPS, FY2024 earnings at $4.93 EPS and FY2025 earnings at $5.83 EPS.

A number of other research analysts also recently commented on the company. Stifel Nicolaus boosted their price target on Agnico Eagle Mines from C$94.00 to C$104.00 and gave the company a “buy” rating in a research note on Friday, April 19th. National Bankshares lowered their price objective 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 report on Friday, April 19th. TD Securities reduced their target price on Agnico Eagle Mines to C$62.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st. Veritas Investment Research boosted their price target on Agnico Eagle Mines from C$88.40 to C$118.00 in a report on Friday, April 12th. Finally, Eight Capital lifted their target price on Agnico Eagle Mines from C$92.00 to C$105.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$97.50.

Agnico Eagle Mines Price Performance

Agnico Eagle Mines stock opened at C$88.41 on Thursday. The stock’s fifty day moving average price is C$78.28 and its two-hundred day moving average price is C$71.73. The firm has a market cap of C$44.05 billion, a PE ratio of 16.34, a price-to-earnings-growth ratio of 22.97 and a beta of 1.07. The company has a debt-to-equity ratio of 10.32, a current ratio of 2.09 and a quick ratio of 0.89. Agnico Eagle Mines has a one year low of C$59.36 and a one year high of C$92.62.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its earnings results on Thursday, February 15th. The company reported C$0.78 EPS for the quarter, topping the consensus estimate of C$0.65 by C$0.13. The company had revenue of C$2.39 billion for the quarter, compared to analysts’ expectations of C$2.04 billion. Agnico Eagle Mines had a net margin of 29.29% and a return on equity of 10.89%.

Agnico Eagle Mines Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, June 14th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend is Friday, May 31st. Agnico Eagle Mines’s dividend payout ratio (DPR) is 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.