FY2027 EPS Forecast for Agnico Eagle Mines Cut by Analyst

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Equities research analysts at Erste Group Bank lowered their FY2027 earnings per share (EPS) estimates for shares of Agnico Eagle Mines in a research note issued to investors on Monday, July 27th. Erste Group Bank analyst H. Engel now anticipates that the company will post earnings of $17.50 per share for the year, down from their previous forecast of $19.28. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $5.50 per share.

Several other research firms also recently weighed in on AEM. BMO Capital Markets upped their price objective on shares of Agnico Eagle Mines from C$350.00 to C$370.00 in a report on Wednesday, April 22nd. National Bank Financial lowered their target price on shares of Agnico Eagle Mines from C$350.00 to C$275.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 14th. Stifel Nicolaus reduced their price target on shares of Agnico Eagle Mines from C$350.00 to C$310.00 in a research note on Friday, July 17th. ATB Cormark Capital Markets upgraded shares of Agnico Eagle Mines from a “sector” rating to an “outperform” rating in a research note on Monday, May 4th. Finally, Barclays cut their target price on Agnico Eagle Mines from C$298.00 to C$266.00 in a research report on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Agnico Eagle Mines currently has an average rating of “Moderate Buy” and an average target price of C$295.33.

Agnico Eagle Mines Price Performance

Shares of AEM opened at C$203.13 on Thursday. The firm has a market capitalization of C$101.57 billion, a price-to-earnings ratio of 19.13, 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. Agnico Eagle Mines has a one year low of C$169.76 and a one year high of C$348.94. The stock’s fifty day moving average is C$222.83 and its 200-day moving average is C$262.34.

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

Agnico Eagle Mines Announces Dividend

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

About Agnico Eagle Mines

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.