National Bank Financial Forecasts AEM Q4 Earnings

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Stock analysts at National Bank Financial issued their Q4 2024 earnings estimates for Agnico Eagle Mines in a research report issued on Monday, February 10th. National Bank Financial analyst M. Parkin forecasts that the mining company will post earnings of $1.19 per share for the quarter. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $4.14 per share. National Bank Financial also issued estimates for Agnico Eagle Mines’ FY2025 earnings at $5.67 EPS.

AEM has been the topic of a number of other research reports. Scotiabank lifted their price target on Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a report on Tuesday, January 21st. Jefferies Financial Group raised their price target on Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a report on Tuesday, January 7th. Finally, Royal Bank of Canada increased their target price on shares of Agnico Eagle Mines from $96.00 to $105.00 and gave the company an “outperform” rating in a research report on Tuesday. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $92.75.

Agnico Eagle Mines Stock Down 2.1 %

Shares of NYSE:AEM opened at $98.42 on Wednesday. The stock has a market capitalization of $49.43 billion, a price-to-earnings ratio of 49.21, a price-to-earnings-growth ratio of 0.66 and a beta of 1.10. Agnico Eagle Mines has a 1-year low of $44.37 and a 1-year high of $101.45. The company’s fifty day moving average is $85.67 and its two-hundred day moving average is $82.78. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.83 and a current ratio of 1.75.

Institutional Trading of Agnico Eagle Mines

Several institutional investors and hedge funds have recently added to or reduced their stakes in AEM. Mufg Securities Canada LTD. boosted its position in shares of Agnico Eagle Mines by 72.3% in the 4th quarter. Mufg Securities Canada LTD. now owns 765,833 shares of the mining company’s stock valued at $59,876,000 after purchasing an additional 321,354 shares during the period. TD Asset Management Inc. increased its position in shares of Agnico Eagle Mines by 2.8% in the fourth quarter. TD Asset Management Inc. now owns 6,324,291 shares of the mining company’s stock worth $494,528,000 after acquiring an additional 174,366 shares in the last quarter. Prudential Financial Inc. lifted its position in shares of Agnico Eagle Mines by 21.6% in the 4th quarter. Prudential Financial Inc. now owns 33,637 shares of the mining company’s stock valued at $2,630,000 after acquiring an additional 5,967 shares in the last quarter. Vanguard Group Inc. boosted its stake in Agnico Eagle Mines by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 19,865,285 shares of the mining company’s stock worth $1,554,180,000 after purchasing an additional 331,087 shares during the period. Finally, Guardian Partners Inc. purchased a new position in Agnico Eagle Mines during the 4th quarter worth approximately $4,398,000. 68.34% of the stock is owned by institutional investors and hedge funds.

About Agnico Eagle Mines

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.