Research Analysts Offer Predictions for AEM FY2027 Earnings

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Analysts at Erste Group Bank dropped their FY2027 earnings per share estimates for Agnico Eagle Mines in a report released on Thursday, June 25th. Erste Group Bank analyst H. Engel now anticipates that the mining company will post earnings per share of $13.79 for the year, down from their prior estimate of $14.01. Erste Group Bank currently has a “Hold” rating on the stock. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $13.22 per share.

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

A number of other brokerages have also issued reports on AEM. Canadian Imperial Bank of Commerce increased their target price on shares of Agnico Eagle Mines from C$304.00 to C$310.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 26th. Barclays started coverage on shares of Agnico Eagle Mines in a research report on Thursday, May 21st. They issued an “overweight” rating and a $213.00 price target for the company. Zacks Research cut Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. UBS Group reduced their price target on Agnico Eagle Mines from $210.00 to $170.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, TD increased their price target on Agnico Eagle Mines from $251.00 to $252.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Agnico Eagle Mines currently has a consensus rating of “Moderate Buy” and a consensus price target of $232.75.

Agnico Eagle Mines Price Performance

Shares of Agnico Eagle Mines stock opened at $154.62 on Thursday. Agnico Eagle Mines has a twelve month low of $115.19 and a twelve month high of $255.24. The company has a quick ratio of 2.18, a current ratio of 3.15 and a debt-to-equity ratio of 0.01. The company has a 50-day simple moving average of $176.53 and a two-hundred day simple moving average of $193.92. The stock has a market capitalization of $78.48 billion, a price-to-earnings ratio of 14.53, a price-to-earnings-growth ratio of 3.40 and a beta of 0.56.

Hedge Funds Weigh In On Agnico Eagle Mines

Hedge funds have recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Agnico Eagle Mines by 42.9% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 65,404 shares of the mining company’s stock worth $11,088,000 after buying an additional 19,647 shares during the last quarter. Gunderson Capital Management Inc. boosted its stake in Agnico Eagle Mines by 187.6% in the fourth quarter. Gunderson Capital Management Inc. now owns 48,104 shares of the mining company’s stock valued at $8,155,000 after buying an additional 31,378 shares in the last quarter. TB Alternative Assets Ltd. grew 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 valued at $38,929,000 after acquiring an additional 58,490 shares during the last quarter. Cannell & Spears LLC grew its position in Agnico Eagle Mines by 15.0% in the third quarter. Cannell & Spears LLC now owns 559,751 shares of the mining company’s stock valued at $94,352,000 after acquiring an additional 72,932 shares during the last quarter. Finally, Bank of America Corp DE grew its position in Agnico Eagle Mines by 1.3% in the third quarter. Bank of America Corp DE now owns 5,635,979 shares of the mining company’s stock valued at $950,001,000 after acquiring an additional 73,422 shares during the last quarter. 68.34% of the stock is owned by institutional investors.

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.