National Bank Financial Estimates TSE:AEM FY2024 Earnings

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Equities researchers at National Bank Financial dropped their FY2024 earnings per share (EPS) estimates for shares of Agnico Eagle Mines in a report released on Monday, February 10th. National Bank Financial analyst M. Parkin now expects that the company will post earnings per share of $5.95 for the year, down from their prior forecast of $6.02. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $5.50 per share. National Bank Financial also issued estimates for Agnico Eagle Mines’ FY2025 earnings at $8.11 EPS.

Several other equities analysts also recently weighed in on the stock. Stifel Nicolaus increased their price target on shares of Agnico Eagle Mines from C$114.00 to C$140.00 in a report on Monday, October 21st. National Bankshares increased their price objective on shares of Agnico Eagle Mines from C$143.00 to C$144.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$116.00.

Agnico Eagle Mines Stock Up 1.2 %

Shares of AEM stock opened at C$142.23 on Thursday. The company has a debt-to-equity ratio of 9.94, a quick ratio of 0.89 and a current ratio of 1.51. Agnico Eagle Mines has a fifty-two week low of C$60.17 and a fifty-two week high of C$145.25. The firm has a market capitalization of C$71.26 billion, a PE ratio of 88.89, a P/E/G ratio of 22.97 and a beta of 1.10. The stock’s 50-day simple moving average is C$123.37 and its 200-day simple moving average is C$115.25.

Insider Buying and Selling at Agnico Eagle Mines

In related news, Senior Officer Ammar Al-Joundi sold 17,936 shares of Agnico Eagle Mines stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of C$111.84, for a total value of C$2,005,962.24. Also, Senior Officer Jean Robitaille sold 10,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of C$122.00, for a total transaction of C$1,220,000.00. Over the last quarter, insiders sold 79,644 shares of company stock valued at $9,420,367. Corporate insiders own 0.08% of the company’s stock.

Agnico Eagle Mines Company Profile

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.