FY2027 EPS Estimate for Agnico Eagle Mines Raised by Analyst

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Research analysts at Erste Group Bank upped their FY2027 earnings per share (EPS) estimates for Agnico Eagle Mines in a report issued on Wednesday, August 5th. Erste Group Bank analyst H. Engel now anticipates that the mining company will post earnings of $12.51 per share for the year, up from their prior forecast of $12.40. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $11.68 per share.

A number of other research firms have also recently issued reports on AEM. Wall Street Zen cut shares of Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Citigroup cut their price target on shares of Agnico Eagle Mines from $256.00 to $200.00 and set a “buy” rating on the stock in a report on Monday, July 27th. Royal Bank Of Canada cut their price target on shares of Agnico Eagle Mines from $230.00 to $210.00 and set a “sector perform” rating on the stock in a report on Thursday, July 9th. Jefferies Financial Group raised shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating and lifted their price objective for the company from $187.00 to $200.00 in a research note on Monday, July 6th. Finally, Canadian Imperial Bank of Commerce set a $285.00 price objective on shares of Agnico Eagle Mines in a report on Thursday, July 16th. Twelve investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Agnico Eagle Mines has a consensus rating of “Moderate Buy” and a consensus price target of $226.00.

Agnico Eagle Mines Trading Up 0.9%

NYSE:AEM opened at $182.03 on Wednesday. The company has a market capitalization of $92.25 billion, a P/E ratio of 15.57, a P/E/G ratio of 2.22 and a beta of 0.60. The stock’s 50 day moving average price is $155.86 and its 200 day moving average price is $187.49. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.02 and a current ratio of 2.86. Agnico Eagle Mines has a 52 week low of $130.04 and a 52 week high of $255.24.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its earnings results on Wednesday, July 29th. The mining company reported $3.05 earnings per share for the quarter, topping the consensus estimate of $2.89 by $0.16. The company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.78 billion. Agnico Eagle Mines had a return on equity of 22.04% and a net margin of 40.44%.The business’s revenue was up 35.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.94 EPS.

Institutional Trading of Agnico Eagle Mines

A number of hedge funds have recently bought and sold shares of the stock. Sumitomo Mitsui Trust Group Inc. lifted its holdings 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 acquiring an additional 19,647 shares during the period. Ninety One SA Pty Ltd bought a new stake in Agnico Eagle Mines in the fourth quarter valued at about $17,985,000. RFG Advisory LLC bought a new stake in Agnico Eagle Mines in the fourth quarter valued at about $1,122,000. PensionDanmark Pensionsforsikringsaktieselskab raised its position in Agnico Eagle Mines by 12.0% in the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 103,312 shares of the mining company’s stock worth $16,046,000 after purchasing an additional 11,100 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in Agnico Eagle Mines by 26,635.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 736,835 shares of the mining company’s stock worth $124,916,000 after purchasing an additional 734,079 shares in 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.