FY2027 EPS Forecast for Agnico Eagle Mines Raised by Analyst

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Erste Group Bank lifted their FY2027 EPS estimates for shares of Agnico Eagle Mines in a report released on Thursday, August 27th. Erste Group Bank analyst H. Engel now forecasts that the mining company will earn $12.54 per share for the year, up from their previous forecast of $12.51. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $11.56 per share.

A number of other research firms also recently issued reports on AEM. Bank of America reduced their price objective on Agnico Eagle Mines from $302.00 to $240.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Weiss Ratings lowered shares of Agnico Eagle Mines from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 2nd. Jefferies Financial Group raised shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating and upped their price target for the company from $187.00 to $200.00 in a research note on Monday, July 6th. Barclays dropped their price objective on shares of Agnico Eagle Mines from $210.00 to $188.00 and set an “overweight” rating for the company in a research note on Wednesday, July 15th. Finally, Scotiabank reduced their target price on shares of Agnico Eagle Mines from $278.00 to $260.00 and set a “sector outperform” rating on the stock in a report on Tuesday, July 14th. Twelve research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Agnico Eagle Mines currently has an average rating of “Moderate Buy” and a consensus price target of $226.00.

Agnico Eagle Mines Price Performance

Shares of Agnico Eagle Mines stock opened at $193.42 on Monday. The firm has a market cap of $98.04 billion, a PE ratio of 16.55, a PEG ratio of 2.53 and a beta of 0.67. The stock has a 50 day moving average of $166.89 and a 200 day moving average of $187.06. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.01. Agnico Eagle Mines has a 12 month low of $134.38 and a 12 month 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 (EPS) for the quarter, topping the consensus estimate of $2.89 by $0.16. The firm had revenue of $3.77 billion for the quarter, compared to analysts’ expectations 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 previous year, the firm posted $1.94 earnings per share.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of AEM. Capital World Investors lifted its holdings in Agnico Eagle Mines by 2.8% during the 4th quarter. Capital World Investors now owns 21,338,277 shares of the mining company’s stock valued at $3,618,730,000 after buying an additional 572,473 shares in the last quarter. Van ECK Associates Corp boosted its position in Agnico Eagle Mines by 21.6% in the 4th quarter. Van ECK Associates Corp now owns 17,225,477 shares of the mining company’s stock valued at $2,920,258,000 after buying an additional 3,062,705 shares during the period. TD Asset Management Inc grew its stake in Agnico Eagle Mines by 1.7% in the 4th quarter. TD Asset Management Inc now owns 9,665,456 shares of the mining company’s stock worth $1,641,239,000 after acquiring an additional 165,263 shares in the last quarter. Deutsche Bank AG bought a new position in Agnico Eagle Mines in the 2nd quarter worth about $1,362,158,000. Finally, Mackenzie Financial Corp increased its position in shares of Agnico Eagle Mines by 4.0% during the fourth quarter. Mackenzie Financial Corp now owns 8,687,624 shares of the mining company’s stock worth $1,489,509,000 after acquiring an additional 332,797 shares during the period. Institutional investors 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.