Equities Analysts Offer Predictions for Agnico Eagle Mines Limited's Q1 2024 Earnings (TSE:AEM)

Agnico Eagle Mines Limited (TSE:AEM - Free Report) NYSE: AEM - Cormark raised their Q1 2024 earnings per share (EPS) estimates for Agnico Eagle Mines in a note issued to investors on Monday, April 22nd. Cormark analyst R. Gray now forecasts that the company will post earnings per share of $0.80 for the quarter, up from their prior forecast of $0.74. The consensus estimate for Agnico Eagle Mines' current full-year earnings is $3.44 per share.

Agnico Eagle Mines (TSE:AEM - Get Free Report) NYSE: AEM last issued its earnings results on Thursday, February 15th. The company reported C$0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.65 by C$0.13. The firm had revenue of C$2.39 billion for the quarter, compared to analysts' expectations of C$2.04 billion. Agnico Eagle Mines had a return on equity of 10.89% and a net margin of 29.29%.

Several other research analysts have also issued reports on AEM. Veritas Investment Research boosted their target price on Agnico Eagle Mines from C$88.40 to C$118.00 in a research report on Friday, April 12th. Eight Capital upped their price target on Agnico Eagle Mines from C$92.00 to C$105.00 and gave the stock a "buy" rating in a research report on Monday. Canaccord Genuity Group boosted their price objective on shares of Agnico Eagle Mines from C$92.00 to C$105.00 in a report on Tuesday. National Bankshares dropped their price objective on shares of Agnico Eagle Mines from C$105.00 to C$104.00 and set an "outperform" rating on the stock in a report on Friday. Finally, TD Securities lowered their price target on shares of Agnico Eagle Mines to C$62.00 and set a "buy" rating on the stock in a report on Wednesday, February 21st. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of C$97.50.

Agnico Eagle Mines Trading Up 0.8 %

AEM traded up C$0.66 on Tuesday, hitting C$85.96. The company had a trading volume of 1,335,108 shares, compared to its average volume of 1,445,027. The company has a market cap of C$42.83 billion, a PE ratio of 15.89, a PEG ratio of 22.97 and a beta of 1.07. Agnico Eagle Mines has a 12-month low of C$59.36 and a 12-month high of C$88.27. The company has a quick ratio of 0.89, a current ratio of 2.09 and a debt-to-equity ratio of 10.32. The business's fifty day simple moving average is C$75.30 and its 200 day simple moving average is C$70.69.

Agnico Eagle Mines Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $0.537 per share. The ex-dividend date was Thursday, February 29th. This represents a $2.15 annualized dividend and a dividend yield of 2.50%. Agnico Eagle Mines's dividend payout ratio (DPR) is presently 39.74%.

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.