Agnico Eagle Mines Stock Price, News & Analysis (NYSE:AEM)

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Agnico Eagle Mines in the last year. There are currently 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" AEM shares.
View AEM analyst ratings or view top-rated stocks.

6 equities research analysts have issued 1-year price targets for Agnico Eagle Mines' stock. Their AEM share price targets range from $61.00 to $84.00. On average, they anticipate the company's stock price to reach $70.17 in the next twelve months. This suggests a possible upside of 36.9% from the stock's current price.
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Agnico Eagle Mines' stock was trading at $51.99 at the beginning of 2023. Since then, AEM stock has decreased by 1.4% and is now trading at $51.24.
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Agnico Eagle Mines saw a drop in short interest during the month of October. As of October 31st, there was short interest totaling 7,440,000 shares, a drop of 11.3% from the October 15th total of 8,390,000 shares. Based on an average daily trading volume, of 2,460,000 shares, the days-to-cover ratio is currently 3.0 days. Currently, 1.5% 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 Thursday, February 15th 2024.
View our AEM earnings forecast.

Agnico Eagle Mines Limited (NYSE:AEM) issued its quarterly earnings results on Thursday, October, 26th. The mining company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. The mining company earned $1.64 billion during the quarter, compared to analyst estimates of $1.64 billion. Agnico Eagle Mines had a net margin of 40.40% and a trailing twelve-month return on equity of 5.26%. The company's revenue for the quarter was up 13.3% on a year-over-year basis. During the same period last year, the company earned $0.52 EPS.

Agnico Eagle Mines declared a quarterly dividend on Wednesday, October 25th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.40 per share on Friday, December 15th. This represents a $1.60 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend is Thursday, November 30th.
Read our dividend analysis for AEM.

Agnico Eagle Mines (NYSE:AEM) pays an annual dividend of $1.60 per share and currently has a dividend yield of 2.99%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 30.02%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AEM will have a dividend payout ratio of 66.67% next year. This indicates that the company will be able to sustain or increase its dividend.
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.

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' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Van ECK Associates Corp (4.24%), Massachusetts Financial Services Co. MA (2.78%), Deutsche Bank AG (2.66%), Deutsche Bank AG (2.65%), Mackenzie Financial Corp (1.97%) and The Manufacturers Life Insurance Company (1.69%).

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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