Raymond James Issues Positive Estimate for AEM Earnings

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Equities research analysts at Raymond James upped their Q4 2024 earnings per share estimates for Agnico Eagle Mines in a research report issued to clients and investors on Monday, February 3rd. Raymond James analyst F. Hamed now expects that the mining company will post earnings of $1.16 per share for the quarter, up from their prior estimate of $1.06. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $4.13 per share. Raymond James also issued estimates for Agnico Eagle Mines’ Q1 2025 earnings at $1.13 EPS, Q2 2025 earnings at $1.13 EPS, Q3 2025 earnings at $1.13 EPS, Q4 2025 earnings at $1.13 EPS and FY2025 earnings at $4.53 EPS.

Several other equities research analysts have also recently weighed in on AEM. Jefferies Financial Group upped their price target 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. Scotiabank boosted their price objective on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, January 21st. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.50.

Agnico Eagle Mines Trading Up 3.1 %

Shares of NYSE AEM opened at $98.58 on Thursday. Agnico Eagle Mines has a twelve month low of $44.37 and a twelve month high of $99.70. The firm has a market cap of $49.51 billion, a PE ratio of 49.29, a price-to-earnings-growth ratio of 0.62 and a beta of 1.10. The business has a fifty day simple moving average of $84.49 and a two-hundred day simple moving average of $82.02. The company has a quick ratio of 0.83, a current ratio of 1.75 and a debt-to-equity ratio of 0.06.

Institutional Investors Weigh In On Agnico Eagle Mines

Several institutional investors have recently bought and sold shares of the company. Versant Capital Management Inc purchased a new stake in shares of Agnico Eagle Mines during the 4th quarter valued at $26,000. Smartleaf Asset Management LLC increased its position in Agnico Eagle Mines by 859.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company’s stock valued at $28,000 after buying an additional 318 shares in the last quarter. Decker Retirement Planning Inc. purchased a new stake in Agnico Eagle Mines in the fourth quarter valued at about $29,000. FSC Wealth Advisors LLC acquired a new stake in Agnico Eagle Mines in the third quarter worth about $32,000. Finally, Fifth Third Bancorp grew its stake in shares of Agnico Eagle Mines by 176.9% during the fourth quarter. Fifth Third Bancorp now owns 407 shares of the mining company’s stock worth $32,000 after acquiring an additional 260 shares during the last quarter. 68.34% of the stock is currently owned by institutional investors and hedge funds.

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.