National Bank Financial Brokers Lift Earnings Estimates for Agnico Eagle Mines Limited (TSE:AEM)

Agnico Eagle Mines Limited (TSE:AEMFree Report) (NYSE:AEM) – Analysts at National Bank Financial upped their FY2025 earnings estimates for shares of Agnico Eagle Mines in a note issued to investors on Sunday, June 9th. National Bank Financial analyst M. Parkin now expects that the company will earn $5.05 per share for the year, up from their previous estimate of $5.00. National Bank Financial has a “Outperform Overweight” rating on the stock. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $4.39 per share.

Agnico Eagle Mines (TSE:AEMGet Free Report) (NYSE:AEM) last released its earnings results on Thursday, April 25th. The company reported C$1.02 EPS for the quarter, beating the consensus estimate of C$0.82 by C$0.20. The business had revenue of C$2.47 billion during the quarter, compared to analyst estimates of C$2.20 billion. Agnico Eagle Mines had a net margin of 6.79% and a return on equity of 2.39%.

AEM has been the topic of a number of other reports. Stifel Nicolaus raised their target price on shares of Agnico Eagle Mines from C$94.00 to C$104.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Eight Capital raised their price objective on shares of Agnico Eagle Mines from C$92.00 to C$105.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. National Bankshares cut their price target on shares of Agnico Eagle Mines from C$105.00 to C$104.00 and set an “outperform” rating for the company in a report on Friday, April 19th. Cormark lowered their price objective on shares of Agnico Eagle Mines from C$97.00 to C$90.00 in a research report on Tuesday, February 20th. Finally, TD Securities lowered their price objective on shares of Agnico Eagle Mines to C$62.00 and set a “buy” rating for the company in a research report on Wednesday, February 21st. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$97.50.

Read Our Latest Stock Report on AEM

Agnico Eagle Mines Stock Up 2.3 %

AEM stock opened at C$89.78 on Tuesday. The company has a 50 day moving average of C$89.33 and a two-hundred day moving average of C$76.82. Agnico Eagle Mines has a 12-month low of C$59.36 and a 12-month high of C$96.20. The company has a market cap of C$44.73 billion, a price-to-earnings ratio of 83.13, a PEG ratio of 22.97 and a beta of 1.04. The company has a quick ratio of 0.89, a current ratio of 2.21 and a debt-to-equity ratio of 10.14.

Insiders Place Their Bets

In other Agnico Eagle Mines news, Director Sean Boyd sold 120,000 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of C$90.08, for a total value of C$10,809,600.00. In other news, Director Sean Boyd sold 120,000 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of C$90.08, for a total value of C$10,809,600.00. Also, Senior Officer Guy Gosselin sold 22,000 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of C$90.50, for a total transaction of C$1,991,000.00. Over the last three months, insiders have sold 162,279 shares of company stock valued at $14,709,636. 0.09% of the stock is currently owned by corporate insiders.

Agnico Eagle Mines Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, June 14th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date is Friday, May 31st. Agnico Eagle Mines’s dividend payout ratio is presently 199.07%.

Agnico Eagle Mines Company Profile

(Get Free Report)

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.

See Also

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

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