FY2024 Earnings Forecast for AEM Issued By Scotiabank

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Scotiabank issued their FY2024 earnings per share (EPS) estimates for shares of Agnico Eagle Mines in a note issued to investors on Wednesday, January 8th. Scotiabank analyst T. Jakusconek expects that the mining company will post earnings per share of $3.93 for the year. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $4.07 per share. Scotiabank also issued estimates for Agnico Eagle Mines’ FY2025 earnings at $4.52 EPS.

Other analysts have also recently issued research reports about the stock. UBS Group began coverage on shares of Agnico Eagle Mines in a research note on Tuesday, September 17th. They set a “buy” rating and a $95.00 target price for the company. Jefferies Financial Group increased their target price on Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a report on Tuesday. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Agnico Eagle Mines currently has an average rating of “Moderate Buy” and a consensus price target of $87.11.

Agnico Eagle Mines Stock Performance

NYSE:AEM opened at $83.41 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.83 and a current ratio of 1.75. The stock has a market capitalization of $41.86 billion, a PE ratio of 41.71, a P/E/G ratio of 0.68 and a beta of 1.08. Agnico Eagle Mines has a fifty-two week low of $44.37 and a fifty-two week high of $89.00. The company has a fifty day moving average of $81.82 and a two-hundred day moving average of $79.45.

Institutional Trading of Agnico Eagle Mines

A number of hedge funds and other institutional investors have recently modified their holdings of AEM. Versant Capital Management Inc purchased a new stake in shares of Agnico Eagle Mines in the fourth quarter valued at about $26,000. Abich Financial Wealth Management LLC acquired a new position in Agnico Eagle Mines in the 2nd quarter valued at about $32,000. FSC Wealth Advisors LLC purchased a new stake in shares of Agnico Eagle Mines in the 3rd quarter valued at approximately $32,000. McClarren Financial Advisors Inc. increased its holdings in shares of Agnico Eagle Mines by 684.6% during the 3rd 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, Hobbs Group Advisors LLC purchased a new stake in shares of Agnico Eagle Mines during the 3rd quarter valued at approximately $48,000. 68.34% of the stock is 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.