FY2025 EPS Estimate for Agnico Eagle Mines Cut by Analyst

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Analysts at Scotiabank dropped their FY2025 earnings estimates for Agnico Eagle Mines in a research report issued on Wednesday, March 19th. Scotiabank analyst T. Jakusconek now anticipates that the mining company will post earnings per share of $4.27 for the year, down from their previous estimate of $4.52. Scotiabank currently has a “Sector Outperform” rating and a $105.00 target price on the stock. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $4.63 per share.

Other research analysts have also issued research reports about the company. Stifel Canada upgraded Agnico Eagle Mines to a “strong-buy” rating in a report on Wednesday, March 19th. Jefferies Financial Group boosted their target price on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a report on Tuesday, January 7th. Raymond James set a $105.00 price target on shares of Agnico Eagle Mines and gave the stock an “outperform” rating in a report on Tuesday, February 4th. National Bank Financial upgraded Agnico Eagle Mines to a “strong-buy” rating in a research report on Friday, March 21st. Finally, TD Securities reduced their target price on Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Agnico Eagle Mines has a consensus rating of “Buy” and a consensus price target of $95.78.

Agnico Eagle Mines Stock Performance

NYSE AEM opened at $105.45 on Monday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 1.86. The stock’s fifty day moving average is $96.63 and its two-hundred day moving average is $87.32. The firm has a market capitalization of $53.04 billion, a P/E ratio of 27.90, a price-to-earnings-growth ratio of 0.66 and a beta of 1.00. Agnico Eagle Mines has a fifty-two week low of $56.05 and a fifty-two week high of $107.88.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its earnings results on Thursday, February 13th. The mining company reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.70 by ($0.44). Agnico Eagle Mines had a return on equity of 10.45% and a net margin of 22.88%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. lifted its holdings in Agnico Eagle Mines by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,136,854 shares of the mining company’s stock worth $91,681,000 after buying an additional 32,991 shares in the last quarter. Bridgewater Associates LP increased its position in shares of Agnico Eagle Mines by 123.2% during the third quarter. Bridgewater Associates LP now owns 204,168 shares of the mining company’s stock worth $16,448,000 after acquiring an additional 112,712 shares during the period. Jones Financial Companies Lllp raised its stake in shares of Agnico Eagle Mines by 78.3% in the fourth quarter. Jones Financial Companies Lllp now owns 3,259 shares of the mining company’s stock valued at $255,000 after acquiring an additional 1,431 shares in the last quarter. Caldwell Investment Management Ltd. boosted its holdings in Agnico Eagle Mines by 12.0% in the fourth quarter. Caldwell Investment Management Ltd. now owns 87,700 shares of the mining company’s stock valued at $6,812,000 after purchasing an additional 9,400 shares during the period. Finally, Forsta AP Fonden grew its stake in Agnico Eagle Mines by 8.9% during the 4th quarter. Forsta AP Fonden now owns 195,100 shares of the mining company’s stock worth $15,256,000 after purchasing an additional 16,000 shares in the last quarter. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date was Friday, February 28th. Agnico Eagle Mines’s dividend payout ratio (DPR) is 42.33%.

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.