What is Zacks Research’s Forecast for TSE:AEM Q4 Earnings?

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Stock analysts at Zacks Research upped their Q4 2024 earnings estimates for shares of Agnico Eagle Mines in a research report issued to clients and investors on Tuesday, November 12th. Zacks Research analyst A. Barman now anticipates that the company will earn $1.33 per share for the quarter, up from their previous estimate of $1.23. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $5.50 per share. Zacks Research also issued estimates for Agnico Eagle Mines’ Q4 2025 earnings at $1.34 EPS and Q1 2026 earnings at $1.10 EPS.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its quarterly earnings results on Wednesday, October 30th. The company reported C$1.56 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.35 by C$0.21. Agnico Eagle Mines had a net margin of 8.49% and a return on equity of 3.10%. The firm had revenue of C$2.94 billion during the quarter, compared to the consensus estimate of C$2.50 billion.

Other research analysts have also recently issued reports about the company. Canaccord Genuity Group lifted their price objective on Agnico Eagle Mines from C$105.00 to C$118.00 in a report on Tuesday, July 23rd. Stifel Nicolaus raised their price target on Agnico Eagle Mines from C$114.00 to C$140.00 in a report on Monday, October 21st. National Bankshares raised their target price on Agnico Eagle Mines from C$143.00 to C$144.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, UBS Group upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a research report on Tuesday, September 17th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$116.00.

Agnico Eagle Mines Stock Down 1.0 %

AEM opened at C$108.15 on Thursday. Agnico Eagle Mines has a fifty-two week low of C$60.17 and a fifty-two week high of C$123.86. The company has a market capitalization of C$54.19 billion, a P/E ratio of 67.59, a P/E/G ratio of 22.97 and a beta of 1.10. The company has a debt-to-equity ratio of 9.94, a current ratio of 1.51 and a quick ratio of 0.89. The firm’s fifty day moving average price is C$112.47 and its two-hundred day moving average price is C$101.96.

Insider Buying and Selling

In other Agnico Eagle Mines news, Senior Officer Christopher Charles Norman Vollmershausen sold 15,072 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of C$110.27, for a total value of C$1,661,989.44. Also, Senior Officer Guy Gosselin sold 25,000 shares of Agnico Eagle Mines stock in a transaction dated Monday, August 19th. The shares were sold at an average price of C$110.20, for a total transaction of C$2,755,000.00. Over the last quarter, insiders have sold 118,972 shares of company stock worth $13,275,384. Corporate insiders own 0.08% of the company’s stock.

Agnico Eagle Mines Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Friday, November 29th. Agnico Eagle Mines’s dividend payout ratio is currently 135.63%.

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.