Agnico Eagle Mines Limited (NYSE:AEM) to Post Q3 2021 Earnings of $0.62 Per Share, Cormark Forecasts


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Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Equities researchers at Cormark dropped their Q3 2021 earnings per share (EPS) estimates for Agnico Eagle Mines in a research report issued on Monday, May 3rd. Cormark analyst R. Gray now expects that the mining company will post earnings of $0.62 per share for the quarter, down from their previous forecast of $0.76. Cormark also issued estimates for Agnico Eagle Mines’ Q4 2021 earnings at $0.61 EPS.

AEM has been the topic of several other reports. National Bank Financial reaffirmed an “outperform” rating on shares of Agnico Eagle Mines in a report on Friday, April 23rd. Raymond James set a $74.00 target price on shares of Agnico Eagle Mines and gave the stock an “outperform” rating in a research note on Monday. JPMorgan Chase & Co. initiated coverage on shares of Agnico Eagle Mines in a research note on Wednesday, February 10th. They set a “neutral” rating on the stock. Zacks Investment Research lowered shares of Agnico Eagle Mines from a “hold” rating to a “strong sell” rating and set a $52.00 target price on the stock. in a research note on Friday, April 9th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $115.00 price target on shares of Agnico Eagle Mines in a research note on Thursday, March 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $83.38.

NYSE:AEM opened at $66.89 on Tuesday. Agnico Eagle Mines has a one year low of $54.66 and a one year high of $89.23. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.04 and a current ratio of 2.37. The firm has a market cap of $16.30 billion, a price-to-earnings ratio of 25.43, a PEG ratio of 18.13 and a beta of 0.63. The firm’s fifty day moving average is $61.59 and its two-hundred day moving average is $67.79.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its earnings results on Thursday, April 29th. The mining company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.11. Agnico Eagle Mines had a return on equity of 7.22% and a net margin of 21.54%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Van ECK Associates Corp increased its stake in shares of Agnico Eagle Mines by 3.4% during the fourth quarter. Van ECK Associates Corp now owns 13,560,946 shares of the mining company’s stock worth $956,182,000 after acquiring an additional 440,024 shares during the period. Flossbach Von Storch AG increased its stake in shares of Agnico Eagle Mines by 0.3% during the fourth quarter. Flossbach Von Storch AG now owns 2,566,671 shares of the mining company’s stock worth $180,976,000 after acquiring an additional 6,950 shares during the period. Norges Bank acquired a new position in shares of Agnico Eagle Mines during the fourth quarter worth about $162,762,000. Mackenzie Financial Corp increased its stake in shares of Agnico Eagle Mines by 12.1% during the fourth quarter. Mackenzie Financial Corp now owns 2,134,487 shares of the mining company’s stock worth $149,772,000 after acquiring an additional 230,795 shares during the period. Finally, CIBC World Markets Inc. increased its stake in shares of Agnico Eagle Mines by 9.6% during the fourth quarter. CIBC World Markets Inc. now owns 1,888,346 shares of the mining company’s stock worth $133,147,000 after acquiring an additional 166,108 shares during the period. Institutional investors own 61.62% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 15th. Shareholders of record on Tuesday, June 1st will be paid a $0.35 dividend. The ex-dividend date of this dividend is Friday, May 28th. This represents a $1.40 dividend on an annualized basis and a yield of 2.09%. Agnico Eagle Mines’s dividend payout ratio is presently 77.32%.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Sweden, and Finland. The company operates through Northern Business and Southern Business segments. It primarily produces and sells gold deposit, as well as explores for silver, zinc, and copper deposits.

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Earnings History and Estimates for Agnico Eagle Mines (NYSE:AEM)

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