AEM FY2024 EPS Forecast Boosted by National Bank Financial

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Analysts at National Bank Financial increased their FY2024 earnings per share estimates for Agnico Eagle Mines in a research report issued to clients and investors on Thursday, October 31st. National Bank Financial analyst M. Parkin now expects that the mining company will post earnings per share of $4.36 for the year, up from their previous estimate of $4.32. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $4.02 per share.

AEM has been the topic of a number of other reports. UBS Group started coverage on shares of Agnico Eagle Mines in a research note on Tuesday, September 17th. They issued a “buy” rating and a $95.00 price objective on the stock. CIBC boosted their price target on Agnico Eagle Mines from $81.00 to $101.00 and gave the company an “outperformer” rating in a research report on Wednesday, July 10th. Royal Bank of Canada increased their price objective 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. TD Securities boosted their target price on Agnico Eagle Mines from $90.00 to $91.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, Scotiabank upped their price target on Agnico Eagle Mines from $81.00 to $94.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 19th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $86.78.

Agnico Eagle Mines Stock Performance

Shares of Agnico Eagle Mines stock opened at $85.89 on Monday. The stock has a market capitalization of $43.09 billion, a price-to-earnings ratio of 42.95, a PEG ratio of 0.76 and a beta of 1.09. The firm’s fifty day simple moving average is $82.30 and its 200-day simple moving average is $74.30. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 0.76. Agnico Eagle Mines has a 12 month low of $44.37 and a 12 month high of $89.00.

Institutional Investors Weigh In On Agnico Eagle Mines

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management purchased a new position in Agnico Eagle Mines in the 3rd quarter valued at approximately $6,847,000. Baker Avenue Asset Management LP acquired a new stake in Agnico Eagle Mines in the third quarter valued at $242,000. Sigma Planning Corp purchased a new position in shares of Agnico Eagle Mines in the third quarter valued at $208,000. Atria Investments Inc acquired a new position in shares of Agnico Eagle Mines during the 3rd quarter worth $239,000. Finally, Oxbow Advisors LLC boosted its position in shares of Agnico Eagle Mines by 0.7% in the 3rd quarter. Oxbow Advisors LLC now owns 178,532 shares of the mining company’s stock worth $14,383,000 after buying an additional 1,173 shares in the last quarter. Institutional investors and hedge funds own 68.34% 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.