Scotiabank Lowers Earnings Estimates for Agnico Eagle Mines

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Analysts at Scotiabank lowered their FY2025 earnings per share (EPS) estimates for shares of Agnico Eagle Mines in a note issued to investors on Friday, January 30th. Scotiabank analyst T. Jakusconek now anticipates that the company will earn $11.14 per share for the year, down from their previous estimate of $11.31. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $5.50 per share.

A number of other research analysts have also weighed in on the stock. JPMorgan Chase & Co. set a C$337.00 target price on shares of Agnico Eagle Mines and gave the stock a “neutral” rating in a research note on Thursday. Stifel Nicolaus increased their price target on Agnico Eagle Mines from C$195.00 to C$300.00 in a report on Monday, October 20th. National Bankshares boosted their price objective on Agnico Eagle Mines from C$285.00 to C$300.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 9th. Finally, Royal Bank Of Canada cut Agnico Eagle Mines from a “moderate buy” rating to a “hold” rating in a report on Wednesday, December 10th. Five research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$260.50.

Agnico Eagle Mines Stock Performance

TSE:AEM opened at C$258.84 on Monday. The company has a market cap of C$129.95 billion, a P/E ratio of 37.84, a P/E/G ratio of 22.97 and a beta of 1.42. Agnico Eagle Mines has a twelve month low of C$132.96 and a twelve month high of C$305.68. The company’s 50-day moving average price is C$252.72 and its 200-day moving average price is C$225.27. The company has a current ratio of 1.75, a quick ratio of 0.89 and a debt-to-equity ratio of 7.88.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its earnings results on Wednesday, October 29th. The company reported C$3.01 earnings per share (EPS) for the quarter. The company had revenue of C$4.26 billion for the quarter. Agnico Eagle Mines had a net margin of 12.86% and a return on equity of 5.05%.

Agnico Eagle Mines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 15th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.6%. The ex-dividend date was Monday, December 1st. Agnico Eagle Mines’s dividend payout ratio is presently 23.39%.

Insider Buying and Selling at Agnico Eagle Mines

In other news, insider James Porter sold 3,000 shares of the stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of C$247.42, for a total transaction of C$742,260.00. Following the completion of the transaction, the insider directly owned 7,734 shares in the company, valued at approximately C$1,913,546.28. This represents a 27.95% decrease in their position. Also, insider Ammar Al-Joundi sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of C$243.40, for a total value of C$4,868,000.00. Following the sale, the insider directly owned 54,917 shares of the company’s stock, valued at C$13,366,797.80. The trade was a 26.70% decrease in their ownership of the stock. 0.08% of the stock is owned by company insiders.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines is a gold miner operating mines in Canada, Mexico, and Finland. It also owns 50% of the Canadian Malartic mine. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines on line in rapid succession in the following years. The company produced more than 1.7 million gold ounces in 2020. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions.