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

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Agnico Eagle Mines in the last twelve months. There are currently 8 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.

8 Wall Street research analysts have issued 1-year price objectives for Agnico Eagle Mines' shares. Their AEM share price forecasts range from $50.00 to $91.00. On average, they anticipate the company's stock price to reach $70.63 in the next year. This suggests a possible upside of 37.2% 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 on January 1st, 2023. Since then, AEM shares have decreased by 1.0% and is now trading at $51.49.
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Agnico Eagle Mines saw a drop in short interest in the month of April. As of April 30th, there was short interest totaling 8,570,000 shares, a drop of 17.2% from the April 15th total of 10,350,000 shares. Based on an average trading volume of 3,210,000 shares, the days-to-cover ratio is currently 2.7 days. Currently, 3.5% 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 Wednesday, July 26th 2023.
View our AEM earnings forecast.

Agnico Eagle Mines Limited (NYSE:AEM) posted its earnings results on Friday, February, 17th. The mining company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.39 by $0.02. The mining company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.42 billion. Agnico Eagle Mines had a net margin of 40.12% and a trailing twelve-month return on equity of 6.07%. Agnico Eagle Mines's quarterly revenue was up 45.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.46 EPS.

Agnico Eagle Mines declared a quarterly dividend on Thursday, April 27th. Stockholders of record on Thursday, June 1st will be paid a dividend of $0.40 per share on Thursday, June 15th. This represents a $1.60 annualized dividend and a yield of 3.11%. The ex-dividend date is Wednesday, May 31st.
Read our dividend analysis for AEM.

ETFs with the largest weight of Agnico Eagle Mines (NYSE:AEM) stock in their portfolio include iShares North American Natural Resources ETF (IGE), iShares Core MSCI International Developed Markets ETF (IDEV) and iShares Core MSCI Total International Stock ETF (IXUS).

Agnico Eagle Mines (NYSE:AEM) pays an annual dividend of $1.60 per share and currently has a dividend yield of 3.07%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 31.50%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AEM will have a dividend payout ratio of 65.84% 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 many different retail and institutional investors. Top institutional shareholders include Van ECK Associates Corp (4.11%), FIL Ltd (3.78%), Deutsche Bank AG (2.77%), FMR LLC (2.18%), Mackenzie Financial Corp (1.95%) and CIBC Asset Management Inc (1.11%).

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 $51.49.

Agnico Eagle Mines (NYSE:AEM) has a market capitalization of $25.46 billion and generates $5.93 billion in revenue each year. The mining company earns $670.25 million in net income (profit) each year or $5.08 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.