National Bank Financial Predicts AEM FY2024 Earnings

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – National Bank Financial dropped their FY2024 earnings per share (EPS) estimates for Agnico Eagle Mines in a research report issued to clients and investors on Monday, February 10th. National Bank Financial analyst M. Parkin now expects that the mining company will post earnings per share of $4.16 for the year, down from their previous forecast of $4.36. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $4.14 per share.

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

Agnico Eagle Mines Trading Up 1.2 %

Shares of NYSE:AEM opened at $99.52 on Thursday. The company has a market capitalization of $49.99 billion, a PE ratio of 49.76, a PEG ratio of 0.66 and a beta of 1.10. Agnico Eagle Mines has a 12-month low of $44.37 and a 12-month high of $101.45. The business has a 50 day moving average of $85.95 and a two-hundred day moving average of $82.89. The company has a current ratio of 1.75, a quick ratio of 0.83 and a debt-to-equity ratio of 0.06.

Institutional Trading of Agnico Eagle Mines

A number of institutional investors and hedge funds have recently modified their holdings of AEM. Quadrant Capital Group LLC lifted its stake in Agnico Eagle Mines by 24.5% in the 4th quarter. Quadrant Capital Group LLC now owns 787 shares of the mining company’s stock valued at $62,000 after buying an additional 155 shares in the last quarter. Old West Investment Management LLC raised its holdings in shares of Agnico Eagle Mines by 19.9% during the fourth quarter. Old West Investment Management LLC now owns 107,355 shares of the mining company’s stock valued at $8,396,000 after acquiring an additional 17,785 shares during the last quarter. Aviva PLC lifted its position in shares of Agnico Eagle Mines by 155.7% in the fourth quarter. Aviva PLC now owns 301,844 shares of the mining company’s stock valued at $23,567,000 after acquiring an additional 183,788 shares in the last quarter. Prudential PLC boosted its stake in shares of Agnico Eagle Mines by 58.0% in the fourth quarter. Prudential PLC now owns 5,617 shares of the mining company’s stock worth $439,000 after acquiring an additional 2,061 shares during the last quarter. Finally, Cinctive Capital Management LP purchased a new stake in shares of Agnico Eagle Mines during the fourth quarter worth approximately $9,115,000. Hedge funds and other institutional investors own 68.34% of the company’s stock.

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.