NYSE:AEM

Agnico Eagle Mines - AEM Stock Forecast, Price & News

$45.48

+0.03 (+0.07%)

(As of 08/16/2022 12:00 AM ET)

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Today's Range: $44.50
▼
$45.55
50-Day Range: $38.44
▼
$54.01
52-Week Range: $38.02
▼
$67.14

Volume: 2.29 million shs
Average Volume: 4.26 million shs
Market Capitalization: $20.75 billion

P/E Ratio: 25.84
Dividend Yield: 3.52%
Price Target: $76.89

Agnico Eagle Mines MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.75 Rating Score
Upside/Downside: 69.1% Upside
$76.89 Price Target
Short Interest: Healthy
3.22% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -6.29
Upright™ Environmental Score
News Sentiment: 0.47
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.34 out of 5 stars

Basic Materials Sector

90th out of 170 stocks

Gold & Silver Ores Industry

16th out of 34 stocks

3.4

Analyst's Opinion

Consensus Rating
Agnico Eagle Mines has received a consensus rating of Buy. The company's average rating score is 2.75, and is based on 6 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $76.89, Agnico Eagle Mines has a forecasted upside of 69.1% from its current price of $45.48.
Amount of Analyst Coverage
Agnico Eagle Mines has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
3.22% of the float of Agnico Eagle Mines has been sold short.
Short Interest Ratio / Days to Cover
Agnico Eagle Mines has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Agnico Eagle Mines has recently increased by 10.17%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Leadership
Agnico Eagle Mines is a leading dividend payer. It pays a dividend yield of 3.52%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Agnico Eagle Mines has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Agnico Eagle Mines is 90.91%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, Agnico Eagle Mines will have a dividend payout ratio of 71.11% next year. This indicates that Agnico Eagle Mines will be able to sustain or increase its dividend.

0.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Agnico Eagle Mines has received a -215.33% net impact score from Upright. The largest negative impact of Agnico Eagle Mines in category "GHG emissions" seems to be driven mostly by its "Copper", "Gold", and "Silver" products. See details.
Environmental Sustainability
The Environmental Impact score for Agnico Eagle Mines is -6.29.

3.6

News and Social Media Coverage

News Sentiment
Agnico Eagle Mines has a news sentiment score of 0.47. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.33 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Agnico Eagle Mines this week, compared to 1 article on an average week.
Search Interest
41 people have searched for AEM on MarketBeat in the last 30 days. This is an increase of 58% compared to the previous 30 days.
MarketBeat Follows
58 people have added Agnico Eagle Mines to their MarketBeat watchlist in the last 30 days. This is an increase of 176% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Agnico Eagle Mines insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.51% of the stock of Agnico Eagle Mines is held by insiders.
Percentage Held by Institutions
69.74% of the stock of Agnico Eagle Mines is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Agnico Eagle Mines are expected to remain at $2.25 per share in the coming year.
Price to Earnings Ratio vs. the Market
The P/E ratio of Agnico Eagle Mines is 25.84, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.08.
Price to Earnings Ratio vs. Sector
The P/E ratio of Agnico Eagle Mines is 25.84, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 87.76.
Price to Earnings Growth Ratio
Agnico Eagle Mines has a PEG Ratio of 20.58. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Agnico Eagle Mines has a P/B Ratio of 1.87. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Agnico Eagle Mines (NYSE:AEM) Stock

Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. It operates through Northern Business and Southern Business segments. The company primarily produces and sells gold deposits, as well as explores for silver, zinc, and copper deposits. Its flagship property is the LaRonde mine located in the Abitibi region of northwestern Quebec, Canada. As of December 31, 2021, the company's LaRonde mine had proven and probable mineral reserves of approximately 3.0 million ounces of gold. It is also involved in exploration activities in Europe, Latin America, and the United States. The company was incorporated in 1953 and is headquartered in Toronto, Canada.

Agnico Eagle Mines Trading Up 0.1 %

AEM Stock traded up $0.03 during trading on Tuesday, reaching $45.48. The company had a trading volume of 2,285,497 shares, compared to its average volume of 3,263,680. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.58 and a quick ratio of 1.48. Agnico Eagle Mines has a 52 week low of $38.02 and a 52 week high of $67.14. The business has a 50 day moving average of $45.80 and a 200 day moving average of $52.89. The company has a market cap of $20.75 billion, a P/E ratio of 25.84, a PEG ratio of 20.58 and a beta of 0.82.

Agnico Eagle Mines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.52%. The ex-dividend date of this dividend is Wednesday, August 31st. Agnico Eagle Mines's dividend payout ratio is currently 90.91%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Stifel Nicolaus reduced their price target on shares of Agnico Eagle Mines from C$100.00 to C$89.00 in a research report on Wednesday, July 20th. National Bank Financial lowered their price objective on Agnico Eagle Mines from C$98.00 to C$75.00 in a research report on Thursday, July 21st. Raymond James lowered their price target on shares of Agnico Eagle Mines from $76.00 to $72.00 and set an "outperform" rating for the company in a report on Friday, May 13th. Barclays cut their price target on shares of Agnico Eagle Mines from $70.00 to $62.00 and set an "overweight" rating on the stock in a report on Tuesday, July 19th. Finally, TheStreet downgraded shares of Agnico Eagle Mines from a "b-" rating to a "c" rating in a research note on Tuesday, July 12th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $76.89.

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AEM Stock News Headlines

August 15, 2022 | finance.yahoo.com

Sandstorm (SAND) Gets Shareholders' Nod for Nomad Buyout

August 12, 2022 | seekingalpha.com

Agnico Eagle Mines moves higher after unveiling exploration program update

August 9, 2022 | americanbankingnews.com

Agnico Eagle Mines Limited (NYSE:AEM) Expected to Post FY2022 Earnings of $2.39 Per Share

August 3, 2022 | americanbankingnews.com

Brokers Offer Predictions for Agnico Eagle Mines Limited's Q3 2022 Earnings (NYSE:AEM)

August 2, 2022 | theglobeandmail.com

Agnico Eagle Mines Ltd stock boosted on Friday.

August 2, 2022 | finance.yahoo.com

Sprott Launches First ESG Gold ETF (“SESG”)

July 31, 2022 | americanbankingnews.com

Cormark Weighs in on Agnico Eagle Mines Limited's Q2 2022 Earnings (NYSE:AEM)

July 30, 2022 | americanbankingnews.com

Agnico Eagle Mines (NYSE:AEM) Shares Gap Up After Dividend Announcement

July 28, 2022 | finance.yahoo.com

CANADA STOCKS-TSX notches 6-week high as investors position for rebound

July 28, 2022 | finance.yahoo.com

Agnico Eagle (AEM) Q2 Earnings & Sales Surpass Estimates

July 27, 2022 | americanbankingnews.com

National Bank Financial Equities Analysts Reduce Earnings Estimates for Agnico Eagle Mines Limited (NYSE:AEM)

July 27, 2022 | americanbankingnews.com

Brokerages Set Agnico Eagle Mines Limited (NYSE:AEM) PT at $76.89

July 24, 2022 | americanbankingnews.com

National Bank Financial Cuts Agnico Eagle Mines (NYSE:AEM) Price Target to C$75.00

July 24, 2022 | americanbankingnews.com

National Bank Financial Weighs in on Agnico Eagle Mines Limited's Q2 2022 Earnings (NYSE:AEM)

July 22, 2022 | finance.yahoo.com

Agnico Eagle Mines Limited (NYSE:AEM) Shares Could Be 50% Below Their Intrinsic Value Estimate

July 19, 2022 | benzinga.com

Agnico Eagle Mines Whale Trades For July 19

July 16, 2022 | theglobeandmail.com

Agnico Eagle Mines Ltd stock reduced on Friday.

July 7, 2022 | marketwatch.com

Agnico-Eagle Mines Ltd. stock falls Thursday, underperforms market

June 29, 2022 | benzinga.com

This Foreboding Sign Looms Over Agnico Eagle Mines's Chart

June 27, 2022 | seekingalpha.com

Agnico Eagle Mines: Buy The Dip

June 20, 2022 | finance.yahoo.com

AGNICO EAGLE PUBLISHES 2021 SUSTAINABILITY REPORT

June 18, 2022 | nasdaq.com

February 2023 Options Now Available For Agnico Eagle Mines (AEM)

June 6, 2022 | seekingalpha.com

Agnico Eagle: A Smooth Transition

May 19, 2022 | finance.yahoo.com

Agnico Eagle (AEM) Makes Additional Investment in Cartier

May 17, 2022 | seekingalpha.com

Agnico Eagle Mines: Post-Earnings Swoon Is A Gift

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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AEM Company Calendar

Last Earnings: 10/26/2021
Ex-Dividend for 6/15 Dividend: 5/31/2022
Dividend Payable: 6/15/2022
Today: 8/17/2022
Ex-Dividend for 9/15 Dividend: 8/31/2022
Dividend Payable: 9/15/2022
Next Earnings (Estimated): 10/26/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Gold & silver ores
Sub-Industry: N/A
Sector: Basic Materials
Current Symbol: NYSE:AEM
CUSIP: N/A
CIK: 2809
Web: www.agnicoeagle.com
Phone: (416) 947-1212
Fax: 416-367-4681
Employees: 11,838
Year Founded: 1957

Price Target and Rating

Average Stock Price Forecast: $76.89
High Stock Price Forecast: $97.00
Low Stock Price Forecast: $62.00
Forecasted Upside/Downside: +69.1%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.75
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.76
Trailing P/E Ratio: 25.84
Forward P/E Ratio: 20.21
P/E Growth: 20.22
Net Income: $543.01 million
Net Margins: 12.45%
Pretax Margin: 20.24%
Return on Equity: 7.56%
Return on Assets: 5.03%

Debt

Debt-to-Equity Ratio: 0.08
Current Ratio: 2.58
Quick Ratio: 1.48

Sales & Book Value

Annual Sales: $3.82 billion
Price / Sales: 5.43
Cash Flow: $5.43 per share
Price / Cash Flow: 8.38
Book Value: $35.66 per share
Price / Book: 1.28

Miscellaneous

Outstanding Shares: 456,230,000
Free Float: 453,898,000
Market Cap: $20.75 billion
Optionable: Optionable
Beta: 0.81

Social Links

Key Executives

Mr. Sean Boyd C.A. (Age 63)
CPA, F.C.A., FCPA, Exec. Chairman
Comp: $4.68M
Mr. Ammar Al-Joundi M.B.A. (Age 58)
CEO & Non-Independent Director
Comp: $1.65M
Mr. David Smith C.Dir. (Age 58)
M.Sc., M.Sc. Ing., P.Eng., Exec. VP of Fin. & CFO
Comp: $1.11M
Mr. Jean Robitaille (Age 59)
Exec. VP and Chief Strategy & Technology Officer
Comp: $935.68k
Mr. Christopher Vollmershausen L.L.B.
Exec. VP of Legal, Gen. Counsel & Corp. Sec.
Mr. Peter J. Netupsky C.A. (Age 41)
C.F.A., C.P.A., VP of Corp. Devel.
Jason Allaire
VP of People & Social Affairs
Mr. Dominique Girard B.Sc.
ENG., P.Eng., Exec. VP and COO Nunavut, Quebec & Europe
Mr. Guy Gosselin Eng.
Ing, M.Sc., P.Eng., P.Geo., Exec. VP of Exploration
Ms. Natasha Nella Dominica Vaz MBA
P. Eng., Exec. VP and COO of Ontario, Australia & Mexico

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

AEM Stock - Frequently Asked Questions

Should I buy or sell Agnico Eagle Mines stock right now?: 8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Agnico Eagle Mines in the last twelve months. There are currently 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" AEM shares.
View AEM analyst ratings or view top-rated stocks.
What is Agnico Eagle Mines' stock price forecast for 2022?: 8 Wall Street research analysts have issued twelve-month target prices for Agnico Eagle Mines' stock. Their AEM share price forecasts range from $62.00 to $97.00. On average, they expect the company's stock price to reach $76.89 in the next twelve months. This suggests a possible upside of 69.1% from the stock's current price.
View analysts price targets for AEM or view top-rated stocks among Wall Street analysts.
How have AEM shares performed in 2022?: Agnico Eagle Mines' stock was trading at $53.14 at the start of the year. Since then, AEM stock has decreased by 14.4% and is now trading at $45.48.
View the best growth stocks for 2022 here.
Are investors shorting Agnico Eagle Mines?: Agnico Eagle Mines saw a increase in short interest in July. As of July 31st, there was short interest totaling 7,800,000 shares, an increase of 10.2% from the July 15th total of 7,080,000 shares. Based on an average daily trading volume, of 3,140,000 shares, the short-interest ratio is presently 2.5 days. Currently, 3.2% of the company's shares are sold short.
View Agnico Eagle Mines' Short Interest.
When is Agnico Eagle Mines' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our AEM earnings forecast.
How were Agnico Eagle Mines' earnings last quarter?: Agnico Eagle Mines Limited (NYSE:AEM) posted its quarterly earnings data on Tuesday, October, 26th. The mining company reported $0.60 earnings per share for the quarter, missing analysts' consensus estimates of $0.61 by $0.01. The mining company earned $974.07 million during the quarter, compared to the consensus estimate of $981.31 million. Agnico Eagle Mines had a trailing twelve-month return on equity of 7.56% and a net margin of 12.45%. The business's revenue for the quarter was down .7% on a year-over-year basis. During the same period in the previous year, the business posted $0.78 earnings per share.
How often does Agnico Eagle Mines pay dividends? What is the dividend yield for Agnico Eagle Mines?: Agnico Eagle Mines announced a quarterly dividend on Wednesday, July 27th. Shareholders of record on Thursday, September 1st will be given a dividend of $0.40 per share on Thursday, September 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend is Wednesday, August 31st.
Read our dividend analysis for AEM.
Is Agnico Eagle Mines a good dividend stock?: Agnico Eagle Mines (NYSE:AEM) pays an annual dividend of $1.60 per share and currently has a dividend yield of 3.52%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 90.91%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, AEM will have a dividend payout ratio of 71.11% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AEM.

What is Camerano Luca Valerio's approval rating as Agnico Eagle Mines' CEO?: 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.
What other stocks do shareholders of Agnico Eagle Mines own?: 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).
What is Agnico Eagle Mines' stock symbol?: Agnico Eagle Mines trades on the New York Stock Exchange (NYSE) under the ticker symbol "AEM."
Who are Agnico Eagle Mines' major shareholders?: Agnico Eagle Mines' stock is owned by many different retail and institutional investors. Top institutional investors include Van ECK Associates Corp (4.40%), GQG Partners LLC (3.83%), Massachusetts Financial Services Co. MA (2.76%), FMR LLC (2.31%), Mackenzie Financial Corp (1.85%) and Deutsche Bank AG (1.83%).
How do I buy shares of Agnico Eagle Mines?: 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.
Compare Top Brokerages Here.
What is Agnico Eagle Mines' stock price today?: One share of AEM stock can currently be purchased for approximately $45.48.
How much money does Agnico Eagle Mines make?: Agnico Eagle Mines (NYSE:AEM) has a market capitalization of $20.75 billion and generates $3.82 billion in revenue each year. The mining company earns $543.01 million in net income (profit) each year or $1.76 on an earnings per share basis.
How many employees does Agnico Eagle Mines have?: The company employs 11,838 workers across the globe.
Does Agnico Eagle Mines have any subsidiaries?: The following companies are subsidiares of Agnico Eagle Mines: Agnico Eagle (usa) Limited, Agnico Eagle Finland Oy, Agnico Eagle Mines Limited, Agnico Sonora S.A. de C.V., Grayd Resource Corporation, Meliadine Holdings Inc, Servicios Agnico del Pacifico S.A. de C.V., and Servicios Pinos Altos S.A. de C.V..
Read More
When was Agnico Eagle Mines founded?: Agnico Eagle Mines was founded in 1957.
How can I contact Agnico Eagle Mines?: 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.

This page (NYSE:AEM) was last updated on 8/17/2022 by MarketBeat.com Staff

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Agnico Eagle Mines - AEM Stock Forecast, Price & News

Agnico Eagle Mines MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability