Equities Analysts Offer Predictions for Agnico Eagle Mines Limited’s Q1 2022 Earnings (TSE:AEM)

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Stock analysts at Raymond James decreased their Q1 2022 EPS estimates for shares of Agnico Eagle Mines in a research report issued to clients and investors on Wednesday, October 13th. Raymond James analyst F. Hamed now expects that the company will post earnings per share of $0.86 for the quarter, down from their previous forecast of $0.94. Raymond James has a “Outperform” rating and a $92.00 price objective on the stock. Raymond James also issued estimates for Agnico Eagle Mines’ Q2 2022 earnings at $0.87 EPS, Q3 2022 earnings at $0.81 EPS and Q4 2022 earnings at $0.79 EPS.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its earnings results on Wednesday, July 28th. The company reported C$0.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.73 by C$0.11. The business had revenue of C$1.19 billion during the quarter, compared to analyst estimates of C$1.12 billion.

AEM has been the subject of a number of other reports. Royal Bank of Canada upgraded Agnico Eagle Mines to an “outperform” rating and lowered their price target for the company from C$83.00 to C$79.00 in a report on Wednesday, October 6th. National Bankshares downgraded Agnico Eagle Mines from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from C$97.00 to C$90.00 in a research note on Friday, September 10th. CIBC restated an “outperform” rating and set a C$122.00 price objective on shares of Agnico Eagle Mines in a research note on Monday, August 30th. Canaccord Genuity increased their price target on Agnico Eagle Mines from C$90.00 to C$92.00 and gave the stock a “na” rating in a research note on Friday, July 16th. Finally, National Bank Financial cut Agnico Eagle Mines from an “outperform overweight” rating to a “sector perform overweight” rating and set a C$97.00 price target for the company. in a research note on Friday, September 10th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$99.00.

Shares of TSE AEM opened at C$71.01 on Thursday. Agnico Eagle Mines has a twelve month low of C$62.28 and a twelve month high of C$112.25. The company has a current ratio of 1.81, a quick ratio of 0.53 and a debt-to-equity ratio of 28.78. The company has a market capitalization of C$17.31 billion and a price-to-earnings ratio of 18.35. The business has a 50 day simple moving average of C$70.25 and a 200-day simple moving average of C$76.82.

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 15th. Stockholders of record on Wednesday, September 15th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend was Tuesday, August 31st. Agnico Eagle Mines’s dividend payout ratio is 32.31%.

About Agnico Eagle Mines

Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Sweden, and Finland. The company operates through Northern Business and Southern Business segments. It primarily produces and sells gold deposit, as well as explores for silver, zinc, and copper deposits.

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

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