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 year. There are currently 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" AEM shares.
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8 brokerages have issued 1 year target prices for Agnico Eagle Mines' shares. Their AEM share price forecasts range from $62.00 to $97.00. On average, they predict the company's stock price to reach $76.89 in the next year. This suggests a possible upside of 76.1% from the stock's current price.
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Agnico Eagle Mines' stock was trading at $53.14 at the beginning of the year. Since then, AEM stock has decreased by 17.9% and is now trading at $43.65.
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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 trading volume of 3,140,000 shares, the days-to-cover ratio is currently 2.5 days. Approximately 3.2% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
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Agnico Eagle Mines Limited (NYSE:AEM) announced its quarterly earnings data on Tuesday, October, 26th. The mining company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by $0.01. The mining company had revenue of $974.07 million for the quarter, compared to analyst estimates 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 quarter in the previous year, the firm earned $0.78 EPS.

Agnico Eagle Mines announced a quarterly dividend on Wednesday, July 27th. Investors 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 3.67%. The ex-dividend date of this dividend is Wednesday, August 31st.
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 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.

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 retail and institutional investors. Top institutional shareholders 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%).

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 $43.65.

Agnico Eagle Mines (NYSE:AEM) has a market capitalization of $19.91 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.

The company employs 11,838 workers across the globe.

Agnico Eagle Mines was founded in 1957.

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.