Agnico Eagle Mines (AEM) Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Agnico Eagle Mines in the last twelve months. There are currently 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" AEM shares.
View AEM analyst ratings or view top-rated stocks.

7 analysts have issued twelve-month price targets for Agnico Eagle Mines' shares. Their AEM share price forecasts range from $50.00 to $84.00. On average, they anticipate the company's share price to reach $64.71 in the next twelve months. This suggests a possible upside of 31.9% from the stock's current price.
View analysts price targets for AEM or view top-rated stocks among Wall Street analysts.

Agnico Eagle Mines' stock was trading at $51.99 at the beginning of 2023. Since then, AEM shares have decreased by 5.6% and is now trading at $49.06.
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Agnico Eagle Mines saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 13,590,000 shares, an increase of 35.5% from the August 15th total of 10,030,000 shares. Based on an average trading volume of 2,030,000 shares, the days-to-cover ratio is presently 6.7 days. Approximately 2.8% of the company's stock are sold short.
View Agnico Eagle Mines' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our AEM earnings forecast.

Agnico Eagle Mines Limited (NYSE:AEM) issued its quarterly earnings results on Thursday, July, 27th. The mining company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.10. The mining company earned $1.72 billion during the quarter, compared to analysts' expectations of $1.70 billion. Agnico Eagle Mines had a trailing twelve-month return on equity of 5.63% and a net margin of 40.06%. The firm's quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.75 earnings per share.

Agnico Eagle Mines announced a quarterly dividend on Wednesday, July 26th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.40 per share on Friday, September 15th. This represents a $1.60 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date of this dividend is Thursday, August 31st.
Read our dividend analysis for AEM.

iShares North American Natural Resources ETF holds 122,828 shares of AEM stock, representing 1.01% of its portfolio.

Agnico Eagle Mines (NYSE:AEM) pays an annual dividend of $1.60 per share and currently has a dividend yield of 3.18%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 31.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AEM will have a dividend payout ratio of 65.57% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AEM.

8 employees have rated Agnico Eagle Mines Chief Executive Officer Camerano Luca Valerio on Glassdoor.com. Camerano Luca Valerio has an approval rating of 87% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Agnico Eagle Mines investors own include Barrick Gold (GOLD), Newmont (NEM), NVIDIA (NVDA), Royal Gold (RGLD), Micron Technology (MU), Wheaton Precious Metals (WPM), Cisco Systems (CSCO), Intel (INTC), Advanced Micro Devices (AMD) and Alibaba Group (BABA).

Agnico Eagle Mines trades on the New York Stock Exchange (NYSE) under the ticker symbol "AEM."

Agnico Eagle Mines' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Van ECK Associates Corp (4.33%), Mackenzie Financial Corp (1.93%), The Manufacturers Life Insurance Company (1.56%), Flossbach Von Storch AG (1.14%), CIBC Asset Management Inc (1.10%) and Franklin Resources Inc. (0.89%).

Shares of AEM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AEM stock can currently be purchased for approximately $49.06.

Agnico Eagle Mines (NYSE:AEM) has a market capitalization of $24.31 billion and generates $5.74 billion in revenue each year. The mining company earns $670.25 million in net income (profit) each year or $5.14 on an earnings per share basis.

The company employs 16,105 workers across the globe.

Agnico Eagle Mines' mailing address is 145 KING STREET EAST SUITE 400, TORONTO A6, M5C 2Y7. The official website for the company is www.agnicoeagle.com. The mining company can be reached via phone at (416) 947-1212, via email at info@agnicoeagle.com, or via fax at 416-367-4681.