National Bank Financial Analysts Decrease Earnings Estimates for Agnico Eagle Mines Limited (NYSE:AEM)

Agnico Eagle Mines Confined (NYSE:AEM – Get Ranking) (TSE:AEM) – Investment analysts at National Bank Money slash their FY2023 earnings per share (EPS) estimates for shares of Agnico Eagle Mines in a investigation notice issued on Monday, October 31st. Countrywide Lender Economical analyst M. Parkin now anticipates that the mining corporation will put up earnings of $1.78 for each share for the 12 months, down from their preceding estimate of $1.79. The consensus estimate for Agnico Eagle Mines’ latest total-yr earnings is $2.17 per share.

Agnico Eagle Mines (NYSE:AEM – Get Score) (TSE:AEM) past issued its quarterly earnings data on Thursday, October 27th. The mining organization described $.52 earnings for every share (EPS) for the quarter, beating the consensus estimate of $.43 by $.09. Agnico Eagle Mines had a return on fairness of 6.80% and a internet margin of 10.68%. The business enterprise experienced profits of $1.45 billion through the quarter, as opposed to analyst estimates of $1.43 billion. Throughout the identical period of time in the preceding year, the business earned $.60 EPS. Agnico Eagle Mines’s quarterly income was up 47.4% in comparison to the exact same quarter final calendar year.

Various other equities analysts have also issued reports on AEM. StockNews.com initiated coverage on Agnico Eagle Mines in a research report on Wednesday, October 12th. They issued a “keep” score for the company. Barclays boosted their selling price goal on Agnico Eagle Mines from $62.00 to $63.00 and gave the firm an “obese” rating in a investigation report on Monday, October 17th. Stifel Nicolaus diminished their selling price focus on on Agnico Eagle Mines from C$100.00 to C$89.00 in a study report on Wednesday, July 20th. The Goldman Sachs Team started coverage on Agnico Eagle Mines in a study report on Monday, September 12th. They established a “get” ranking and a $55.00 rate focus on for the firm. Eventually, TheStreet downgraded Agnico Eagle Mines from a “b-” rating to a “c” ranking in a analysis report on Tuesday, July 12th. 1 exploration analyst has rated the stock with a hold score and 7 have offered a invest in rating to the company’s inventory. According to MarketBeat.com, the organization presently has a consensus score of “Moderate Obtain” and a consensus goal rate of $71.67.

Agnico Eagle Mines Price tag General performance

Shares of AEM opened at $45.76 on Wednesday. The organization has a credit card debt-to-equity ratio of .08, a rapid ratio of 1.04 and a present-day ratio of 2.17. The stock has a 50 day uncomplicated shifting common of $42.38 and a 200 day basic relocating typical of $47.27. Agnico Eagle Mines has a 52-7 days reduced of $36.69 and a 52-week significant of $67.14. The business has a marketplace capitalization of $20.85 billion, a PE ratio of 31.34, a P/E/G ratio of 20.82 and a beta of .76.

Institutional Investors Weigh In On Agnico Eagle Mines

A variety of institutional traders and hedge money have a short while ago manufactured modifications to their positions in the stock. Koshinski Asset Administration Inc. acquired a new stake in Agnico Eagle Mines in the 1st quarter valued at $178,000. CWM LLC lifted its stake in Agnico Eagle Mines by 314.7% in the 1st quarter. CWM LLC now owns 4,595 shares of the mining company’s inventory valued at $281,000 after buying an more 3,487 shares for the duration of the time period. Virginia Retirement Units ET AL purchased a new stake in Agnico Eagle Mines in the 1st quarter valued at $2,473,000. Zurcher Kantonalbank Zurich Cantonalbank elevated its stake in Agnico Eagle Mines by 79.7% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 154,451 shares of the mining company’s inventory valued at $9,460,000 soon after getting an supplemental 68,485 shares for the duration of the interval. Finally, Strs Ohio acquired a new stake in Agnico Eagle Mines in the 1st quarter valued at $11,367,000. Institutional traders very own 57.62% of the firm’s inventory.

Agnico Eagle Mines Dividend Announcement

The business enterprise also a short while ago disclosed a quarterly dividend, which will be compensated on Thursday, December 15th. Stockholders of document on Thursday, December 1st will be paid a dividend of $.40 per share. This signifies a $1.60 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend day is Wednesday, November 30th. Agnico Eagle Mines’s dividend payout ratio is now 109.59%.

About Agnico Eagle Mines

(Get Ranking)

Agnico Eagle Mines Limited engages in the exploration, improvement, and generation of mineral properties in Canada, Mexico, and Finland. It operates as a result of Northern Enterprise and Southern Enterprise segments. The corporation largely creates and sells gold deposits, as nicely as explores for silver, zinc, and copper deposits.

Even more Looking through

Earnings History and Estimates for Agnico Eagle Mines (NYSE:AEM)

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