FY2027 EPS Estimates for TSE:AEM Increased by Analyst

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Research analysts at Erste Group Bank upped their FY2027 earnings per share (EPS) estimates for Agnico Eagle Mines in a research report issued on Tuesday, March 24th. Erste Group Bank analyst H. Engel now forecasts that the company will post earnings per share of $19.46 for the year, up from their previous forecast of $19.13. Erste Group Bank currently has a “Hold” rating on the stock. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $5.50 per share.

AEM has been the subject of a number of other research reports. Stifel Nicolaus upped their target price on Agnico Eagle Mines from C$300.00 to C$350.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. National Bank Financial lifted their price target on shares of Agnico Eagle Mines from C$300.00 to C$320.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Royal Bank Of Canada downgraded shares of Agnico Eagle Mines from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, December 10th. JPMorgan Chase & Co. set a C$337.00 price objective on shares of Agnico Eagle Mines and gave the stock a “neutral” rating in a report on Thursday, January 29th. Finally, TD Securities raised their target price on shares of Agnico Eagle Mines from C$241.00 to C$251.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$314.50.

Agnico Eagle Mines Price Performance

Shares of AEM stock opened at C$268.22 on Thursday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.89 and a current ratio of 2.02. Agnico Eagle Mines has a fifty-two week low of C$135.40 and a fifty-two week high of C$348.94. The firm has a market cap of C$134.38 billion, a P/E ratio of 30.27, a P/E/G ratio of 22.97 and a beta of 1.67. The business’s 50 day moving average price is C$291.40 and its 200-day moving average price is C$254.55.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its quarterly earnings results on Friday, February 13th. The company reported C$3.71 earnings per share (EPS) for the quarter. Agnico Eagle Mines had a return on equity of 19.37% and a net margin of 37.50%.The company had revenue of C$4.89 billion for the quarter.

Insiders Place Their Bets

In other Agnico Eagle Mines news, insider Guy Gosselin sold 4,947 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of C$310.00, for a total value of C$1,533,570.00. Following the sale, the insider owned 31,381 shares in the company, valued at approximately C$9,728,110. This represents a 13.62% decrease in their ownership of the stock. Company insiders own 0.08% of the company’s stock.

Agnico Eagle Mines Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 16th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, March 2nd. This is an increase from Agnico Eagle Mines’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 0.7%. Agnico Eagle Mines’s payout ratio is presently 18.06%.

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.