Scotiabank Lowers Earnings Estimates for Agnico Eagle Mines

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Stock analysts at Scotiabank dropped their FY2026 EPS estimates for Agnico Eagle Mines in a research report issued on Wednesday, July 15th. Scotiabank analyst T. Jakusconek now forecasts that the mining company will post earnings per share of $11.32 for the year, down from their previous estimate of $11.81. Scotiabank currently has a “Sector Outperform” rating and a $260.00 price target on the stock. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $12.44 per share. Scotiabank also issued estimates for Agnico Eagle Mines’ FY2027 earnings at $10.82 EPS.

A number of other equities research analysts have also recently issued reports on AEM. Scotia dropped their target price 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. TD lifted their price target on Agnico Eagle Mines from $251.00 to $252.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Jefferies Financial Group raised Agnico Eagle Mines from a “hold” rating to a “buy” rating and boosted their price target for the stock from $187.00 to $200.00 in a research report on Monday, July 6th. Wall Street Zen lowered Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Finally, Weiss Ratings cut Agnico Eagle Mines from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 2nd. Twelve investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Agnico Eagle Mines has an average rating of “Moderate Buy” and an average target price of $233.62.

Agnico Eagle Mines Stock Performance

Shares of AEM stock opened at $137.24 on Friday. The company has a fifty day moving average price of $166.54 and a two-hundred day moving average price of $191.80. Agnico Eagle Mines has a one year low of $116.83 and a one year high of $255.24. The stock has a market cap of $69.66 billion, a P/E ratio of 12.90, a P/E/G ratio of 1.87 and a beta of 0.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.15 and a quick ratio of 2.18.

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

Institutional Investors Weigh In On Agnico Eagle Mines

Several hedge funds have recently bought and sold shares of the stock. Salvus Wealth Management LLC grew its position in shares of Agnico Eagle Mines by 0.9% in 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 during the last quarter. Brookwood Investment Group LLC increased its stake in shares of Agnico Eagle Mines by 4.5% during the fourth 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 during the period. Baron Wealth Management LLC lifted its holdings in Agnico Eagle Mines by 3.2% during 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 during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Agnico Eagle Mines by 1.1% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,266 shares of the mining company’s stock worth $893,000 after purchasing an additional 59 shares during the last quarter. Finally, Baker Ellis Asset Management LLC boosted 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 purchasing an additional 63 shares during the period. 68.34% of the stock is currently owned by institutional investors and hedge funds.

About Agnico Eagle Mines

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.