Skip to main content

Q2 2021 Earnings Estimate for Agnico Eagle Mines Limited (NYSE:AEM) Issued By Cormark

Last updated on Friday, May 7, 2021 | 2021 MarketBeat

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) - Analysts at Cormark decreased their Q2 2021 earnings estimates for shares of Agnico Eagle Mines in a research note issued to investors on Monday, May 3rd. Cormark analyst R. Gray now forecasts that the mining company will post earnings of $0.46 per share for the quarter, down from their prior estimate of $0.74. Cormark also issued estimates for Agnico Eagle Mines' FY2021 earnings at $2.36 EPS, FY2022 earnings at $2.45 EPS and FY2023 earnings at $2.45 EPS.

Several other analysts have also issued reports 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 price target on the stock. in a research report on Friday, April 9th. TD Securities restated a "buy" rating on shares of Agnico Eagle Mines in a research report on Thursday, February 18th. National Bank Financial reiterated an "outperform" rating on shares of Agnico Eagle Mines in a research report on Friday, April 23rd. Canaccord Genuity reissued a "buy" rating and issued a $115.00 target price on shares of Agnico Eagle Mines in a report on Thursday, March 18th. Finally, 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of "Buy" and an average price target of $83.38.

AEM opened at $68.29 on Wednesday. The stock has a market capitalization of $16.64 billion, a price-to-earnings ratio of 25.97, a P/E/G ratio of 18.13 and a beta of 0.63. The company has a quick ratio of 1.04, a current ratio of 2.37 and a debt-to-equity ratio of 0.30. Agnico Eagle Mines has a twelve month low of $54.66 and a twelve month high of $89.23. The company has a 50-day simple moving average of $62.03 and a 200 day simple moving average of $67.57. Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings data on Thursday, April 29th. The mining company reported $0.67 EPS for the quarter, topping the Zacks' 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%.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 15th. Stockholders of record on Tuesday, June 1st will be given 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 dividend yield of 2.05%. Agnico Eagle Mines's dividend payout ratio (DPR) is currently 77.32%.

Several institutional investors and hedge funds have recently bought and sold shares of AEM. Atlas Private Wealth Advisors boosted its position in Agnico Eagle Mines by 151.0% during the first quarter. Atlas Private Wealth Advisors now owns 502 shares of the mining company's stock valued at $29,000 after acquiring an additional 302 shares during the last quarter. Penbrook Management LLC acquired a new stake in Agnico Eagle Mines during the fourth quarter worth approximately $41,000. Addison Advisors LLC bought a new stake in Agnico Eagle Mines in the fourth quarter worth approximately $44,000. Huntington National Bank lifted its stake in Agnico Eagle Mines by 1,620.0% in the first quarter. Huntington National Bank now owns 860 shares of the mining company's stock valued at $50,000 after buying an additional 810 shares during the period. Finally, MD Financial Management Inc. bought a new position in shares of Agnico Eagle Mines during the 1st quarter worth approximately $55,000. Institutional investors own 61.62% of the company's stock.

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.

Further Reading: Equal Weight Rating

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Featured Article: What is the Moving Average Convergence Divergence (MACD) oscillator?


7 Undervalued Stocks That Deserve More Attention

With the Dow Jones Industrial Average (DJIA) hitting new highs seemingly every day, it may seem like the wrong time to be looking at undervalued stocks. Or is it?

From cannabis to cryptocurrencies, and let’s not forget electric vehicles the market seems to be blowing bubbles wherever you look. And that’s why now may be exactly the right time to zig while the market is sagging. And that means looking for undervalued stocks.

But finding undervalued stocks is subjective. Some analysts use specific fundamental metrics. Others use technical analysis.

However, the general idea is that you’re looking for stocks that are trading below their fair value.

In some cases, these may be stocks whose financials are stronger than other stocks in their sector, but it’s trading at a lower price. In other cases, a company may have potential that is not reflected in its stock price. Put another way, undervalued stocks are stocks that have room to grow. That’s why they deserve a place in your portfolio.

And that’s why we’ve put together this special presentation on stocks that are undervalued right at this time. An investment in these companies is likely to be rewarded because the stocks are moving under the radar from the broader market.

View the "7 Undervalued Stocks That Deserve More Attention".


MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. You can opt out at any time.