Scotiabank Forecasts Weaker Earnings for Agnico Eagle Mines

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Equities researchers at Scotiabank lowered their FY2026 EPS estimates for Agnico Eagle Mines in a research note issued on Wednesday, July 15th. Scotiabank analyst T. Jakusconek now forecasts that the mining company will post earnings of $11.32 per share for the year, down from their prior estimate of $11.81. Scotiabank currently has a “Sector Outperform” rating and a $260.00 target price on the stock. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $12.29 per share. Scotiabank also issued estimates for Agnico Eagle Mines’ FY2027 earnings at $10.82 EPS.

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

Other equities research analysts have also recently issued research reports about the company. UBS Group decreased their price target on Agnico Eagle Mines from $210.00 to $170.00 and set a “neutral” rating for the company in a research note on Tuesday, June 30th. JPMorgan Chase & Co. upped their target price on Agnico Eagle Mines from $220.00 to $222.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Zacks Research lowered shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Wall Street Zen downgraded shares of Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Finally, TD increased their price objective on shares of Agnico Eagle Mines from $251.00 to $252.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Twelve analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $233.62.

Agnico Eagle Mines Stock Down 0.3%

Shares of AEM opened at $136.89 on Friday. The stock’s 50-day moving average price is $165.41 and its two-hundred day moving average price is $191.42. Agnico Eagle Mines has a 12 month low of $117.65 and a 12 month high of $255.24. The company has a market capitalization of $69.48 billion, a PE ratio of 12.87, a PEG ratio of 1.81 and a beta of 0.60. The company has a current ratio of 3.15, a quick ratio of 2.18 and a debt-to-equity ratio of 0.01.

Institutional Trading of Agnico Eagle Mines

Several large investors have recently modified their holdings of AEM. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Agnico Eagle Mines by 42.9% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 65,404 shares of the mining company’s stock valued at $11,088,000 after acquiring an additional 19,647 shares during the last quarter. Gunderson Capital Management Inc. lifted its holdings in Agnico Eagle Mines by 187.6% during the fourth quarter. Gunderson Capital Management Inc. now owns 48,104 shares of the mining company’s stock worth $8,155,000 after acquiring an additional 31,378 shares during the period. TB Alternative Assets Ltd. boosted its position in Agnico Eagle Mines by 34.2% in the fourth quarter. TB Alternative Assets Ltd. now owns 229,630 shares of the mining company’s stock worth $38,929,000 after purchasing an additional 58,490 shares during the last quarter. Groupama Asset Managment boosted its position in Agnico Eagle Mines by 2.7% in the third quarter. Groupama Asset Managment now owns 1,522,678 shares of the mining company’s stock worth $256,663,000 after purchasing an additional 39,458 shares during the last quarter. Finally, J. Safra Sarasin Holding AG grew its stake in Agnico Eagle Mines by 36.1% in the 4th quarter. J. Safra Sarasin Holding AG now owns 46,141 shares of the mining company’s stock valued at $7,822,000 after purchasing an additional 12,244 shares during the period. Institutional investors and hedge funds 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.