What is Scotiabank’s Estimate for TSE:AEM FY2024 Earnings?

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Equities researchers at Scotiabank lifted their FY2024 earnings per share estimates for shares of Agnico Eagle Mines in a note issued to investors on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now expects that the company will post earnings per share of $5.64 for the year, up from their previous forecast of $4.75. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $5.50 per share. Scotiabank also issued estimates for Agnico Eagle Mines’ FY2025 earnings at $6.49 EPS.

Several other equities analysts have also recently issued reports on the company. Stifel Nicolaus boosted their target price on Agnico Eagle Mines from C$114.00 to C$140.00 in a research note on Monday, October 21st. National Bankshares boosted their price target on shares of 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. Finally, UBS Group upgraded Agnico Eagle Mines to a “strong-buy” rating in a report on Tuesday, September 17th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$116.00.

Agnico Eagle Mines Price Performance

AEM stock opened at C$121.69 on Friday. The stock has a market capitalization of C$60.97 billion, a price-to-earnings ratio of 76.06, a PEG ratio of 22.97 and a beta of 1.10. The firm’s 50-day moving average price is C$115.84 and its two-hundred day moving average price is C$108.86. 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 has a 12-month low of C$60.17 and a 12-month high of C$123.86.

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

Agnico Eagle Mines Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, November 29th. This represents a $1.60 annualized dividend and a dividend yield of 1.31%. Agnico Eagle Mines’s payout ratio is presently 135.63%.

Insider Transactions at Agnico Eagle Mines

In other news, Senior Officer Guy Gosselin sold 22,500 shares of the company’s stock in a transaction on Thursday, January 9th. The stock was sold at an average price of C$121.80, for a total transaction of C$2,740,500.00. Also, Senior Officer Ammar Al-Joundi sold 19,900 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of C$109.25, for a total value of C$2,174,075.00. Insiders sold a total of 102,616 shares of company stock valued at $11,802,219 in the last quarter. 0.08% of the stock is owned by insiders.

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.