Scotiabank Brokers Decrease Earnings Estimates for TSE:AEM

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Analysts at Scotiabank decreased their FY2025 earnings per share estimates for shares of Agnico Eagle Mines in a research report issued on Friday, January 30th. Scotiabank analyst T. Jakusconek now expects that the company will earn $11.14 per share for the year, down from their previous forecast of $11.31. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $5.50 per share.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its quarterly earnings data on Wednesday, October 29th. The company reported C$3.01 earnings per share (EPS) for the quarter. Agnico Eagle Mines had a return on equity of 5.05% and a net margin of 12.86%.The business had revenue of C$4.26 billion during the quarter.

Other equities research analysts also recently issued reports about the stock. Stifel Nicolaus increased their price objective on shares of Agnico Eagle Mines from C$195.00 to C$300.00 in a research report on Monday, October 20th. JPMorgan Chase & Co. set a C$337.00 target price on shares of Agnico Eagle Mines and gave the stock a “neutral” rating in a research note on Thursday, January 29th. National Bankshares raised their price target on Agnico Eagle Mines from C$285.00 to C$300.00 and gave the company an “outperform” rating in a research note on Tuesday, December 9th. Finally, Royal Bank Of Canada cut Agnico Eagle Mines from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, December 10th. Five research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Agnico Eagle Mines currently has an average rating of “Buy” and a consensus price target of C$260.50.

Agnico Eagle Mines Stock Up 0.8%

Shares of TSE:AEM opened at C$260.96 on Monday. Agnico Eagle Mines has a fifty-two week low of C$132.96 and a fifty-two week high of C$305.68. The firm’s 50 day moving average price is C$253.25 and its 200 day moving average price is C$225.96. The company has a quick ratio of 0.89, a current ratio of 1.75 and a debt-to-equity ratio of 7.88. The stock has a market cap of C$131.01 billion, a price-to-earnings ratio of 38.15, a price-to-earnings-growth ratio of 22.97 and a beta of 1.42.

Insider Activity

In related news, insider James Porter sold 3,000 shares of the company’s stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of C$247.42, for a total value of C$742,260.00. Following the completion of the sale, the insider directly owned 7,734 shares of the company’s stock, valued at C$1,913,546.28. This represents a 27.95% decrease in their position. Also, insider Ammar Al-Joundi sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of C$243.40, for a total value of C$4,868,000.00. Following the transaction, the insider owned 54,917 shares in the company, valued at C$13,366,797.80. This represents a 26.70% decrease in their position. 0.08% of the stock is currently owned by insiders.

Agnico Eagle Mines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 15th were given a dividend of $0.40 per share. The ex-dividend date was Monday, December 1st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.6%. Agnico Eagle Mines’s payout ratio is 23.39%.

About Agnico Eagle Mines

Agnico Eagle Mines is a gold miner operating mines in Canada, Mexico, and Finland. It also owns 50% of the Canadian Malartic mine. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines on line in rapid succession in the following years. The company produced more than 1.7 million gold ounces in 2020. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions.