Equities Analysts Set Expectations for AEM FY2024 Earnings

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Investment analysts at Raymond James boosted their FY2024 earnings per share (EPS) estimates for Agnico Eagle Mines in a research note issued on Monday, February 3rd. Raymond James analyst F. Hamed now expects that the mining company will earn $4.13 per share for the year, up from their previous forecast of $4.03. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $4.13 per share.

A number of other equities research analysts have also issued reports on the company. Scotiabank boosted their target price on Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 21st. Jefferies Financial Group boosted their target price on Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a research report on Tuesday, January 7th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $90.50.

Agnico Eagle Mines Stock Up 0.8 %

Shares of Agnico Eagle Mines stock opened at $95.62 on Wednesday. The stock’s fifty day moving average is $84.18 and its 200-day moving average is $81.91. The firm has a market capitalization of $48.03 billion, a PE ratio of 47.81, a price-to-earnings-growth ratio of 0.62 and a beta of 1.10. The company has a quick ratio of 0.83, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. Agnico Eagle Mines has a 12-month low of $44.37 and a 12-month high of $97.01.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AEM. Pinnacle Wealth Management Group Inc. increased its position in Agnico Eagle Mines by 0.5% in the 4th quarter. Pinnacle Wealth Management Group Inc. now owns 24,407 shares of the mining company’s stock worth $1,909,000 after purchasing an additional 125 shares during the last quarter. Diversify Wealth Management LLC increased its position in Agnico Eagle Mines by 2.1% in the 4th quarter. Diversify Wealth Management LLC now owns 6,753 shares of the mining company’s stock worth $569,000 after purchasing an additional 141 shares during the last quarter. Sapient Capital LLC increased its position in Agnico Eagle Mines by 1.3% in the 3rd quarter. Sapient Capital LLC now owns 11,001 shares of the mining company’s stock worth $886,000 after purchasing an additional 145 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in Agnico Eagle Mines by 34.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the mining company’s stock worth $51,000 after purchasing an additional 165 shares during the last quarter. Finally, Tectonic Advisors LLC increased its position in Agnico Eagle Mines by 0.8% in the 4th quarter. Tectonic Advisors LLC now owns 22,640 shares of the mining company’s stock worth $1,771,000 after purchasing an additional 185 shares during the last quarter. 68.34% of the stock is 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.