FY2024 EPS Estimates for AEM Cut by National Bank Financial

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – National Bank Financial cut their FY2024 earnings per share estimates for Agnico Eagle Mines in a research note issued to investors on Monday, February 10th. National Bank Financial analyst M. Parkin now anticipates that the mining company will post earnings per share of $4.16 for the year, down from their prior forecast of $4.36. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $4.14 per share.

AEM has been the subject of several other research reports. Jefferies Financial Group boosted their price objective on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a research note on Tuesday, January 7th. Royal Bank of Canada upped their price target on Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Scotiabank raised their price objective 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. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $92.75.

Agnico Eagle Mines Stock Performance

AEM stock opened at $99.52 on Thursday. Agnico Eagle Mines has a one year low of $44.37 and a one year high of $101.45. The firm has a market cap of $49.99 billion, a price-to-earnings ratio of 49.76, a PEG ratio of 0.66 and a beta of 1.10. 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 firm has a 50-day simple moving average of $85.95 and a two-hundred day simple moving average of $82.89.

Hedge Funds Weigh In On Agnico Eagle Mines

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc acquired a new position in shares of Agnico Eagle Mines in the fourth quarter valued at about $26,000. Smartleaf Asset Management LLC increased its holdings in Agnico Eagle Mines by 859.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company’s stock worth $28,000 after buying an additional 318 shares during the period. Decker Retirement Planning Inc. acquired a new position in Agnico Eagle Mines in the 4th quarter worth approximately $29,000. FSC Wealth Advisors LLC purchased a new position in Agnico Eagle Mines during the 3rd quarter worth approximately $32,000. Finally, Fifth Third Bancorp lifted its stake in Agnico Eagle Mines by 176.9% during the 4th quarter. Fifth Third Bancorp now owns 407 shares of the mining company’s stock valued at $32,000 after acquiring an additional 260 shares during the period. Hedge funds and other institutional investors own 68.34% of the company’s stock.

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.