Stifel Canada Issues Positive Outlook for AEM Earnings

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Equities research analysts at Stifel Canada lifted their Q4 2024 earnings per share (EPS) estimates for shares of Agnico Eagle Mines in a research note issued to investors on Tuesday, February 4th. Stifel Canada analyst I. Rico now expects that the mining company will earn $1.24 per share for the quarter, up from their previous forecast of $1.23. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $4.13 per share. Stifel Canada also issued estimates for Agnico Eagle Mines’ FY2025 earnings at $5.44 EPS and FY2026 earnings at $4.47 EPS.

A number of other analysts have also issued reports on AEM. Scotiabank boosted their target price on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a research note on Tuesday, January 21st. Jefferies Financial Group raised their target price on Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a report on Tuesday, January 7th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $90.50.

Agnico Eagle Mines Stock Performance

NYSE AEM opened at $98.97 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.83 and a current ratio of 1.75. The company has a market cap of $49.71 billion, a P/E ratio of 49.48, a P/E/G ratio of 0.62 and a beta of 1.10. Agnico Eagle Mines has a fifty-two week low of $44.37 and a fifty-two week high of $99.70. The business’s 50 day moving average price is $84.79 and its 200-day moving average price is $82.14.

Institutional Investors Weigh In On Agnico Eagle Mines

Several institutional investors have recently added to or reduced their stakes in AEM. Versant Capital Management Inc acquired a new position in Agnico Eagle Mines in the fourth quarter valued at $26,000. Smartleaf Asset Management LLC lifted its holdings in shares of Agnico Eagle Mines by 859.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company’s stock worth $28,000 after acquiring an additional 318 shares during the period. Decker Retirement Planning Inc. purchased a new position in Agnico Eagle Mines in the fourth quarter valued at approximately $29,000. FSC Wealth Advisors LLC purchased a new stake in shares of Agnico Eagle Mines during the 3rd quarter valued at about $32,000. Finally, Fifth Third Bancorp increased its position in shares of Agnico Eagle Mines by 176.9% during the fourth quarter. Fifth Third Bancorp now owns 407 shares of the mining company’s stock worth $32,000 after acquiring an additional 260 shares during the last quarter. Hedge funds and other institutional investors own 68.34% of the company’s stock.

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.