National Bank Financial Predicts TSE:AEM Q3 Earnings

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Equities researchers at National Bank Financial issued their Q3 2024 earnings estimates for Agnico Eagle Mines in a report released on Tuesday, October 22nd. National Bank Financial analyst M. Parkin expects that the company will post earnings per share of $1.55 for the quarter. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $5.50 per share.

Several other equities analysts have also recently commented on AEM. Eight Capital increased their target price on Agnico Eagle Mines from C$105.00 to C$115.00 in a research note on Thursday, July 11th. UBS Group upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a research note on Tuesday, September 17th. Canaccord Genuity Group upped their price objective on Agnico Eagle Mines from C$105.00 to C$118.00 in a research note on Tuesday, July 23rd. Finally, Stifel Nicolaus lifted their target price on Agnico Eagle Mines from C$114.00 to C$140.00 in a research report on Monday. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$110.29.

Agnico Eagle Mines Stock Performance

Agnico Eagle Mines has a 1-year low of C$60.17 and a 1-year high of C$123.08. The company has a 50 day simple moving average of C$109.71 and a 200-day simple moving average of C$98.35. The company has a debt-to-equity ratio of 9.94, a current ratio of 1.51 and a quick ratio of 0.89. The stock has a market capitalization of C$61.03 billion, a P/E ratio of 75.06, a P/E/G ratio of 22.97 and a beta of 1.10.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its quarterly earnings results on Wednesday, July 31st. The company reported C$1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.27 by C$0.19. Agnico Eagle Mines had a net margin of 8.49% and a return on equity of 3.10%. The firm had revenue of C$2.84 billion for the quarter, compared to the consensus estimate of C$2.36 billion.

Agnico Eagle Mines Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were given a dividend of $0.547 per share. This represents a $2.19 dividend on an annualized basis and a dividend yield of ?. This is a boost from Agnico Eagle Mines’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, August 30th. Agnico Eagle Mines’s dividend payout ratio is presently 135.63%.

Insider Buying and Selling

In other Agnico Eagle Mines news, Senior Officer Carol-Ann Plummer-Theriault sold 25,000 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of C$101.85, for a total value of C$2,546,250.00. In related news, Senior Officer Dominique Girard sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of C$109.29, for a total value of C$546,450.00. Also, Senior Officer Carol-Ann Plummer-Theriault sold 25,000 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of C$101.85, for a total value of C$2,546,250.00. In the last 90 days, insiders have sold 115,000 shares of company stock valued at $12,518,150. Insiders own 0.08% of the company’s stock.

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.