National Bank Financial Comments on AEM FY2024 Earnings

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Equities researchers at National Bank Financial increased their FY2024 earnings estimates for shares of Agnico Eagle Mines in a research note issued on Tuesday, October 22nd. National Bank Financial analyst M. Parkin now anticipates that the mining company will earn $4.32 per share for the year, up from their prior forecast of $3.74. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $3.88 per share. National Bank Financial also issued estimates for Agnico Eagle Mines’ FY2025 earnings at $5.75 EPS.

Several other research firms have also commented on AEM. Scotiabank boosted their price target on Agnico Eagle Mines from $81.00 to $94.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. StockNews.com upgraded shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating in a research note on Thursday, June 27th. Royal Bank of Canada upped their price target on Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Jefferies Financial Group raised their price objective on Agnico Eagle Mines from $68.00 to $85.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. Finally, TD Securities upped their target price on Agnico Eagle Mines from $90.00 to $91.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $86.78.

Agnico Eagle Mines Stock Down 0.7 %

Agnico Eagle Mines stock opened at $87.97 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.06. The firm has a market cap of $44.01 billion, a P/E ratio of 92.60, a P/E/G ratio of 0.71 and a beta of 1.10. The business has a fifty day moving average of $81.64 and a two-hundred day moving average of $73.06. Agnico Eagle Mines has a twelve month low of $44.37 and a twelve month high of $89.00.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings results on Wednesday, July 31st. The mining company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.14. The firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.03 billion. Agnico Eagle Mines had a net margin of 8.44% and a return on equity of 7.16%. The company’s revenue was up 20.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.65 EPS.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Continuum Advisory LLC increased its stake in shares of Agnico Eagle Mines by 1,134.4% in the second quarter. Continuum Advisory LLC now owns 395 shares of the mining company’s stock worth $26,000 after acquiring an additional 363 shares during the period. Stephens Consulting LLC purchased a new position in shares of Agnico Eagle Mines during the 1st quarter valued at about $30,000. Abich Financial Wealth Management LLC acquired a new position in shares of Agnico Eagle Mines in the 2nd quarter valued at about $32,000. FSC Wealth Advisors LLC purchased a new stake in shares of Agnico Eagle Mines in the third quarter worth about $32,000. Finally, McClarren Financial Advisors Inc. grew its holdings in Agnico Eagle Mines by 684.6% during the third quarter. McClarren Financial Advisors Inc. now owns 510 shares of the mining company’s stock worth $41,000 after acquiring an additional 445 shares during the period. 68.34% of the stock is currently owned by hedge funds and other institutional investors.

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.