Zacks Research Brokers Raise Earnings Estimates for AEM

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Zacks Research upped their Q4 2024 earnings per share (EPS) estimates for Agnico Eagle Mines in a research report issued on Tuesday, November 12th. Zacks Research analyst A. Barman now expects that the mining company will earn $0.95 per share for the quarter, up from their previous forecast of $0.90. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $4.05 per share. Zacks Research also issued estimates for Agnico Eagle Mines’ Q3 2025 earnings at $0.90 EPS, Q4 2025 earnings at $0.96 EPS, Q1 2026 earnings at $0.79 EPS and Q2 2026 earnings at $0.85 EPS.

A number of other equities research analysts have also issued reports on AEM. TD Securities boosted their price target on shares of Agnico Eagle Mines from $90.00 to $91.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Royal Bank of Canada upped their target price on Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Scotiabank lifted their price target on Agnico Eagle Mines from $81.00 to $94.00 and gave the company a “sector outperform” rating in a report on Monday, August 19th. Jefferies Financial Group raised their price objective on shares of Agnico Eagle Mines from $68.00 to $85.00 and gave the company a “hold” rating in a research report on Friday, October 4th. Finally, UBS Group began coverage on shares of Agnico Eagle Mines in a research report on Tuesday, September 17th. They issued a “buy” rating and a $95.00 target price for the company. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Agnico Eagle Mines has a consensus rating of “Moderate Buy” and an average price target of $86.78.

Agnico Eagle Mines Stock Performance

Shares of AEM stock opened at $76.76 on Thursday. The stock’s fifty day simple moving average is $82.43 and its 200-day simple moving average is $75.34. The company has a market capitalization of $38.51 billion, a price-to-earnings ratio of 38.38, a P/E/G ratio of 0.66 and a beta of 1.09. The company has a current ratio of 1.75, a quick ratio of 0.83 and a debt-to-equity ratio of 0.06. Agnico Eagle Mines has a 1-year low of $44.37 and a 1-year high of $89.00.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Continuum Advisory LLC grew its position in Agnico Eagle Mines by 1,134.4% in the 2nd quarter. Continuum Advisory LLC now owns 395 shares of the mining company’s stock worth $26,000 after purchasing an additional 363 shares during the last quarter. Abich Financial Wealth Management LLC bought a new position in Agnico Eagle Mines during the 2nd quarter valued at about $32,000. FSC Wealth Advisors LLC acquired a new position in Agnico Eagle Mines in the third quarter valued at about $32,000. McClarren Financial Advisors Inc. grew its stake in Agnico Eagle Mines by 684.6% during the third quarter. McClarren Financial Advisors Inc. now owns 510 shares of the mining company’s stock worth $41,000 after buying an additional 445 shares during the last quarter. Finally, WASHINGTON TRUST Co increased its holdings in shares of Agnico Eagle Mines by 92.1% during the second quarter. WASHINGTON TRUST Co now owns 730 shares of the mining company’s stock worth $48,000 after buying an additional 350 shares in the last quarter. 68.34% of the stock is currently 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.