FY2024 Earnings Forecast for TSE:AEM Issued By Raymond James

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Equities researchers at Raymond James boosted their FY2024 EPS estimates for shares of Agnico Eagle Mines in a research note issued to investors on Monday, February 3rd. Raymond James analyst F. Hamed now forecasts that the company will post earnings of $5.99 per share for the year, up from their prior forecast of $5.60. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $5.50 per share.

A number of other equities research analysts have also commented on the company. Stifel Nicolaus increased their price target on Agnico Eagle Mines from C$114.00 to C$140.00 in a research report 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 stock an “outperform” rating in a report on Friday, November 1st. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$116.00.

Agnico Eagle Mines Stock Performance

TSE AEM opened at C$141.14 on Wednesday. The company has a current ratio of 1.51, a quick ratio of 0.89 and a debt-to-equity ratio of 9.94. The company has a fifty day simple moving average of C$121.06 and a 200 day simple moving average of C$113.86. Agnico Eagle Mines has a 12-month low of C$60.17 and a 12-month high of C$142.39. The company has a market cap of C$70.72 billion, a P/E ratio of 88.21, a PEG ratio of 22.97 and a beta of 1.10.

Insider Activity

In related news, Senior Officer Guy Gosselin sold 22,500 shares of the business’s stock in a transaction that occurred on Thursday, January 9th. The shares were sold at an average price of C$121.80, for a total transaction of C$2,740,500.00. Also, Senior Officer Jean Robitaille sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of C$122.00, for a total value of C$1,220,000.00. Insiders sold 114,616 shares of company stock valued at $13,256,431 in the last three months. Company 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.