Zacks Research Has Bullish Estimate for TSE:AEM Q4 Earnings

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Analysts at Zacks Research increased their Q4 2024 earnings per share estimates for Agnico Eagle Mines in a note issued to investors on Tuesday, November 12th. Zacks Research analyst A. Barman now anticipates that the company will post earnings of $1.33 per share for the quarter, up from their previous estimate of $1.23. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $5.50 per share. Zacks Research also issued estimates for Agnico Eagle Mines’ Q4 2025 earnings at $1.34 EPS and Q1 2026 earnings at $1.10 EPS.

AEM has been the topic of several other research reports. Canaccord Genuity Group raised their price objective on Agnico Eagle Mines from C$105.00 to C$118.00 in a report on Tuesday, July 23rd. National Bankshares increased their target price on Agnico Eagle Mines from C$143.00 to C$144.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Stifel Nicolaus boosted their price target on Agnico Eagle Mines from C$114.00 to C$140.00 in a report on Monday, October 21st. Finally, UBS Group raised Agnico Eagle Mines to a “strong-buy” rating in a research note on Tuesday, September 17th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$116.00.

Agnico Eagle Mines Stock Down 1.0 %

AEM stock opened at C$106.43 on Thursday. The firm has a 50-day moving average price of C$112.56 and a 200-day moving average price of C$101.65. The stock has a market capitalization of C$53.32 billion, a P/E ratio of 66.52, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10. Agnico Eagle Mines has a 12 month low of C$60.17 and a 12 month high of C$123.86. The company has a current ratio of 1.51, a quick ratio of 0.89 and a debt-to-equity ratio of 9.94.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its quarterly earnings results on Wednesday, October 30th. The company reported C$1.56 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.35 by C$0.21. Agnico Eagle Mines had a net margin of 8.49% and a return on equity of 3.10%. The company had revenue of C$2.94 billion during the quarter, compared to the consensus estimate of C$2.50 billion.

Insider Transactions at Agnico Eagle Mines

In related news, Senior Officer Guy Gosselin sold 25,000 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of C$110.20, for a total transaction of C$2,755,000.00. In related news, Senior Officer Guy Gosselin sold 25,000 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of C$110.20, for a total transaction of C$2,755,000.00. Also, Director John Merfyn Roberts sold 2,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of C$111.84, for a total value of C$223,680.00. Insiders sold a total of 89,000 shares of company stock worth $9,985,770 over the last three months. 0.08% of the stock is owned by company insiders.

Agnico Eagle Mines Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Friday, November 29th. Agnico Eagle Mines’s dividend payout ratio is currently 135.63%.

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.