Scotiabank Expects Reduced Earnings for Agnico Eagle Mines

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Scotiabank decreased their FY2026 earnings per share estimates for shares of Agnico Eagle Mines in a report released on Wednesday, July 15th. Scotiabank analyst T. Jakusconek now forecasts that the company will earn $15.91 per share for the year, down from their previous estimate of $16.79. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $5.50 per share. Scotiabank also issued estimates for Agnico Eagle Mines’ FY2027 earnings at $15.20 EPS.

Several other brokerages also recently commented on AEM. Stifel Nicolaus lowered their price target on Agnico Eagle Mines from C$350.00 to C$310.00 in a report on Friday. National Bank Financial reduced their price objective on shares of Agnico Eagle Mines from C$350.00 to C$275.00 and set an “outperform” rating for the company in a research note on Tuesday, July 14th. ATB Cormark Capital Markets raised shares of Agnico Eagle Mines from a “sector” rating to an “outperform” rating in a report on Monday, May 4th. JPMorgan Chase & Co. lowered their target price on shares of Agnico Eagle Mines from C$321.00 to C$300.00 in a research note on Thursday, April 23rd. Finally, Erste Group Bank downgraded shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$295.33.

Agnico Eagle Mines Price Performance

AEM opened at C$191.93 on Monday. The firm has a market cap of C$95.97 billion, a P/E ratio of 18.07, a price-to-earnings-growth ratio of 22.97 and a beta of 1.84. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.89 and a current ratio of 3.15. The business has a 50 day moving average price of C$231.48 and a 200 day moving average price of C$264.58. Agnico Eagle Mines has a twelve month low of C$161.45 and a twelve month high of C$348.94.

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

Agnico Eagle Mines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were paid a dividend of $0.45 per share. The ex-dividend date was Monday, June 1st. This represents a $1.80 annualized dividend and a yield of 0.9%. Agnico Eagle Mines’s dividend payout ratio is presently 15.54%.

Agnico Eagle Mines Company Profile

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.