Key Highlights:
- Agnico Eagle Mines' stock surged 40% in the last quarter, countering dips in net income and EPS for 2024.
- Analysts predict a slight upside for the stock with an average price target of $118.01.
- The GuruFocus GF Value suggests a potential 38.39% downside from the current price.
Stock Performance and Investor Sentiment
Agnico Eagle Mines (AEM, Financial) has seen its share price climb impressively by 40% over the past quarter. This surge comes despite some challenges, including a reduction in net income and earnings per share for the upcoming year, 2024. Key factors like a $0.40 dividend, an active share buyback program, and promising production guidance have likely reassured investors, offsetting any negative impact from its index removal.
Analyst Forecast and Price Targets
In an analysis of projections from 15 market experts, the average one-year price target for Agnico Eagle Mines (AEM, Financial) stands at $118.01. Predictions range from a high of $142.00 to a low of $97.00, indicating a calculated upside of 0.30% from the current share price of $117.65. For a comprehensive breakdown, visit the Agnico Eagle Mines Ltd (AEM) Forecast page.
Brokerage Recommendations
The consensus from 16 brokerage firms places Agnico Eagle Mines Ltd (AEM, Financial) at an average recommendation of 1.9. This rating signifies an "Outperform" status on the spectrum, where a score of 1 indicates a Strong Buy and 5 suggests a Sell.
GF Value Analysis
According to GuruFocus, the projected GF Value for Agnico Eagle Mines Ltd (AEM, Financial) is estimated at $72.48 in a year, reflecting a potential downside of 38.39% from the present stock price of $117.65. This GF Value is derived from historical trading multiples, past business growth, and anticipated future performance metrics. For further details, please refer to the Agnico Eagle Mines Ltd (AEM) Summary page.
