Scotiabank Forecasts Higher Earnings for Agnico Eagle Mines

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Equities research analysts at Scotiabank upped their FY2027 earnings estimates for Agnico Eagle Mines in a report issued on Wednesday, May 20th. Scotiabank analyst T. Jakusconek now expects that the company will post earnings per share of $16.60 for the year, up from their previous estimate of $16.47. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $5.50 per share.

A number of other analysts have also weighed in on the stock. Erste Group Bank lowered shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. JPMorgan Chase & Co. lowered their price target on shares of Agnico Eagle Mines from C$321.00 to C$300.00 in a report on Thursday, April 23rd. BMO Capital Markets raised their price target on shares of Agnico Eagle Mines from C$350.00 to C$370.00 in a report on Wednesday, April 22nd. Stifel Nicolaus raised their price target on shares of Agnico Eagle Mines from C$300.00 to C$350.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. Finally, TD Securities raised their price target on shares of Agnico Eagle Mines from C$241.00 to C$251.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$324.20.

Agnico Eagle Mines Stock Performance

Shares of Agnico Eagle Mines stock opened at C$244.94 on Friday. The company has a debt-to-equity ratio of 1.21, a current ratio of 3.15 and a quick ratio of 0.89. The firm has a market cap of C$122.48 billion, a P/E ratio of 23.06, a P/E/G ratio of 22.97 and a beta of 1.87. The firm has a 50 day simple moving average of C$273.52 and a 200 day simple moving average of C$267.11. Agnico Eagle Mines has a fifty-two week low of C$156.93 and a fifty-two week high of C$348.94.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last posted its quarterly earnings data on Thursday, April 30th. The company reported C$4.73 earnings per share for the quarter. The company had revenue of C$5.70 billion during the quarter. Agnico Eagle Mines had a net margin of 39.48% and a return on equity of 22.08%.

Agnico Eagle Mines Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 16th were issued a $0.45 dividend. This is an increase from Agnico Eagle Mines’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, March 2nd. Agnico Eagle Mines’s dividend payout ratio (DPR) is 15.54%.

About Agnico Eagle Mines

Canadian-based and led, Agnico Eagle is Canada’s largest mining company and the second largest gold producer in the world, operating mines in Canada, Australia, Finland and Mexico. The Company is advancing a pipeline of high-quality development projects in these regions to support sustainable growth over the next decade. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading sustainability practices. Agnico Eagle was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.