FY2027 Earnings Forecast for AEM Issued By Erste Group Bank

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Research analysts at Erste Group Bank cut their FY2027 earnings per share (EPS) estimates for shares of Agnico Eagle Mines in a research report issued to clients and investors on Wednesday, July 15th. Erste Group Bank analyst H. Engel now forecasts that the mining company will post earnings of $13.72 per share for the year, down from their prior estimate of $13.79. Erste Group Bank currently has a “Hold” rating on the stock. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $12.29 per share.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings results on Thursday, April 30th. The mining company reported $3.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.19 by $0.21. Agnico Eagle Mines had a return on equity of 21.09% and a net margin of 39.46%.The business had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.96 billion. During the same quarter last year, the firm posted $1.53 EPS. The company’s quarterly revenue was up 66.1% on a year-over-year basis.

Several other brokerages have also weighed in on AEM. ATB Cormark Capital Markets raised shares of Agnico Eagle Mines from a “hold” rating to an “outperform” rating in a research report on Monday, May 4th. UBS Group reduced their target price on shares of Agnico Eagle Mines from $210.00 to $170.00 and set a “neutral” rating for the company in a report on Tuesday, June 30th. Scotia lowered their price target on shares of Agnico Eagle Mines from $280.00 to $278.00 and set a “sector outperform” rating on the stock in a report on Friday, July 3rd. Jefferies Financial Group raised shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating and increased their price target for the company from $187.00 to $200.00 in a report on Monday, July 6th. Finally, Citigroup restated a “positive” rating on shares of Agnico Eagle Mines in a research report on Wednesday. Twelve research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $233.62.

Agnico Eagle Mines Trading Down 0.3%

AEM stock opened at $136.89 on Friday. Agnico Eagle Mines has a one year low of $117.65 and a one year high of $255.24. The stock has a market cap of $69.48 billion, a price-to-earnings ratio of 12.87, a price-to-earnings-growth ratio of 1.81 and a beta of 0.60. The company has a fifty day moving average price of $165.41 and a two-hundred day moving average price of $191.42. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.15 and a quick ratio of 2.18.

Institutional Investors Weigh In On Agnico Eagle Mines

A number of institutional investors have recently modified their holdings of the business. Salvus Wealth Management LLC lifted its position in shares of Agnico Eagle Mines by 0.9% during the fourth quarter. Salvus Wealth Management LLC now owns 6,301 shares of the mining company’s stock valued at $1,068,000 after purchasing an additional 57 shares in the last quarter. Brookwood Investment Group LLC grew its position in Agnico Eagle Mines by 4.5% in the 4th quarter. Brookwood Investment Group LLC now owns 1,361 shares of the mining company’s stock worth $231,000 after purchasing an additional 58 shares in the last quarter. Baron Wealth Management LLC grew its position in Agnico Eagle Mines by 3.2% in the 4th quarter. Baron Wealth Management LLC now owns 1,879 shares of the mining company’s stock worth $319,000 after purchasing an additional 59 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Agnico Eagle Mines by 1.1% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,266 shares of the mining company’s stock valued at $893,000 after buying an additional 59 shares during the last quarter. Finally, Baker Ellis Asset Management LLC increased its stake in Agnico Eagle Mines by 0.8% in the 4th quarter. Baker Ellis Asset Management LLC now owns 7,550 shares of the mining company’s stock valued at $1,280,000 after buying an additional 63 shares during the last quarter. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited (NYSE: AEM) is a Canadian-based senior gold producer headquartered in Toronto, Ontario. The company is principally engaged in the exploration, development, production and reclamation of gold-bearing properties. Agnico Eagle pursues both greenfield and brownfield exploration to expand its resource base and operates a portfolio of producing mines and development projects to generate long-life gold production.

Its core business activities span the full mining lifecycle: grassroots and advanced-stage exploration, prefeasibility and feasibility studies, mine construction, underground and open-pit mining, ore processing and metal recovery, and post-mining reclamation and closure.