Raymond James Has Positive Outlook for TSE:AEM Q4 Earnings

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Analysts at Raymond James lifted their Q4 2024 earnings per share estimates for shares of Agnico Eagle Mines in a research report issued on Monday, February 3rd. Raymond James analyst F. Hamed now anticipates that the company will post earnings per share of $1.68 for the quarter, up from their previous forecast of $1.47. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $5.50 per share. Raymond James also issued estimates for Agnico Eagle Mines’ Q1 2025 earnings at $1.64 EPS, Q2 2025 earnings at $1.64 EPS, Q3 2025 earnings at $1.64 EPS, Q4 2025 earnings at $1.64 EPS and FY2025 earnings at $6.57 EPS.

Several other research firms also recently weighed in on AEM. Stifel Nicolaus upped their price objective on shares of Agnico Eagle Mines from C$114.00 to C$140.00 in a report on Monday, October 21st. National Bankshares upped their price objective on Agnico Eagle Mines from C$143.00 to C$144.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Agnico Eagle Mines currently has a consensus rating of “Buy” and an average price target of C$116.00.

Agnico Eagle Mines Trading Up 0.3 %

TSE:AEM opened at C$141.62 on Thursday. The stock has a market cap of C$70.96 billion, a price-to-earnings ratio of 88.51, a PEG ratio of 22.97 and a beta of 1.10. The company has a debt-to-equity ratio of 9.94, a quick ratio of 0.89 and a current ratio of 1.51. Agnico Eagle Mines has a 1 year low of C$60.17 and a 1 year high of C$142.39. The business has a fifty day moving average of C$121.55 and a 200-day moving average of C$114.16.

Insiders Place Their Bets

In other news, Senior Officer Christopher Charles Norman Vollmershausen sold 15,072 shares of Agnico Eagle Mines stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of C$110.27, for a total value of C$1,661,989.44. Also, Senior Officer Ammar Al-Joundi sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of C$118.94, for a total transaction of C$2,378,852.00. Over the last 90 days, insiders have sold 114,616 shares of company stock worth $13,256,431. 0.08% of the stock is owned by insiders.

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.