Q1 EPS Estimates for Agnico Eagle Mines Raised by Cormark

Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM - Investment analysts at Cormark increased their Q1 2025 earnings estimates for shares of Agnico Eagle Mines in a note issued to investors on Tuesday, April 22nd. Cormark analyst R. Gray now expects that the mining company will post earnings per share of $1.37 for the quarter, up from their previous forecast of $0.90. The consensus estimate for Agnico Eagle Mines' current full-year earnings is $4.63 per share.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last posted its earnings results on Thursday, April 24th. The mining company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.14. The company had revenue of $2.38 billion during the quarter, compared to analysts' expectations of $2.27 billion. Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%. Agnico Eagle Mines's quarterly revenue was up 34.9% on a year-over-year basis. During the same period last year, the company posted $0.76 earnings per share.

Several other analysts have also recently issued reports on AEM. TD Securities decreased their target price on shares of Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. Royal Bank of Canada raised their price objective on Agnico Eagle Mines from $110.00 to $115.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. Cfra Research upgraded Agnico Eagle Mines to a "strong-buy" rating in a report on Friday. Raymond James lifted their price objective on shares of Agnico Eagle Mines from $105.00 to $130.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. Finally, National Bank Financial raised shares of Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, March 21st. Two analysts have rated the stock with a hold rating, seven have given a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $124.40.

Agnico Eagle Mines Price Performance

Shares of NYSE AEM traded down $2.21 during midday trading on Thursday, reaching $116.81. 1,395,406 shares of the stock traded hands, compared to its average volume of 2,431,124. Agnico Eagle Mines has a one year low of $63.01 and a one year high of $126.76. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.86 and a quick ratio of 0.86. The company's 50 day moving average is $106.50 and its 200 day moving average is $92.95. The stock has a market capitalization of $58.79 billion, a PE ratio of 30.95, a P/E/G ratio of 0.66 and a beta of 0.87.

Hedge Funds Weigh In On Agnico Eagle Mines

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Versant Capital Management Inc purchased a new stake in Agnico Eagle Mines in the fourth quarter worth about $26,000. Smartleaf Asset Management LLC raised its holdings in shares of Agnico Eagle Mines by 859.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company's stock valued at $28,000 after purchasing an additional 318 shares in the last quarter. Decker Retirement Planning Inc. purchased a new stake in shares of Agnico Eagle Mines in the 4th quarter worth approximately $29,000. Private Trust Co. NA boosted its stake in shares of Agnico Eagle Mines by 454.9% during the first quarter. Private Trust Co. NA now owns 283 shares of the mining company's stock valued at $31,000 after purchasing an additional 232 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in Agnico Eagle Mines by 176.9% during the fourth quarter. Fifth Third Bancorp now owns 407 shares of the mining company's stock valued at $32,000 after buying an additional 260 shares during the period. Institutional investors own 68.34% of the company's stock.

Agnico Eagle Mines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Monday, December 1st. Agnico Eagle Mines's dividend payout ratio is 34.04%.

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.