Erste Group Bank Brokers Increase Earnings Estimates for AEM

Key Points

• Erste Group Bank raised its FY2026 EPS estimate for Agnico Eagle Mines to $13.38 from $13.27, while keeping a Hold rating on the stock.
• Agnico Eagle Mines beat quarterly expectations, reporting EPS of $3.40 versus the $3.19 consensus, with revenue of $4.0 billion up 66.1% year over year.
• The company also announced a quarterly dividend of $0.45 per share, payable June 15, alongside ongoing support from analysts and institutions, with the stock carrying an average Moderate Buy rating.

Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM - Research analysts at Erste Group Bank increased their FY2026 EPS estimates for shares of Agnico Eagle Mines in a research report issued to clients and investors on Tuesday, May 5th. Erste Group Bank analyst H. Engel now forecasts that the mining company will post earnings per share of $13.38 for the year, up from their prior forecast of $13.27. Erste Group Bank has a "Hold" rating on the stock. The consensus estimate for Agnico Eagle Mines' current full-year earnings is $13.09 per share.

Several other equities analysts have also weighed in on the stock. UBS Group cut their target price on shares of Agnico Eagle Mines from $240.00 to $210.00 and set a "neutral" rating for the company in a report on Friday, March 27th. ATB Cormark Capital Markets raised shares of Agnico Eagle Mines from a "hold" rating to an "outperform" rating in a report on Monday, May 4th. Citigroup lifted their target price on shares of Agnico Eagle Mines from $198.00 to $256.00 and gave the company a "buy" rating in a report on Thursday, January 15th. Scotiabank reaffirmed an "outperform" rating and set a $280.00 target price on shares of Agnico Eagle Mines in a report on Tuesday, February 17th. Finally, Weiss Ratings lowered shares of Agnico Eagle Mines from a "buy (a-)" rating to a "buy (b+)" rating in a report on Wednesday, April 29th. Eleven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $238.18.

Agnico Eagle Mines Stock Performance

AEM opened at $193.34 on Monday. Agnico Eagle Mines has a 12-month low of $103.38 and a 12-month high of $255.24. The company has a current ratio of 3.15, a quick ratio of 2.18 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $96.77 billion, a PE ratio of 18.17, a P/E/G ratio of 4.23 and a beta of 0.58. The firm has a 50 day moving average of $208.63 and a two-hundred day moving average of $192.16.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) 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 analysts' consensus estimates 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 company had revenue of $4 billion during the quarter, compared to analyst estimates of $3.96 billion. During the same period last year, the firm posted $1.53 EPS. Agnico Eagle Mines's revenue for the quarter was up 66.1% compared to the same quarter last year.

Institutional Investors Weigh In On Agnico Eagle Mines

Several institutional investors and hedge funds have recently added to or reduced their stakes in AEM. Brighton Jones LLC boosted its stake in Agnico Eagle Mines by 11.5% during the 4th quarter. Brighton Jones LLC now owns 3,216 shares of the mining company's stock worth $252,000 after purchasing an additional 331 shares during the last quarter. AQR Capital Management LLC boosted its stake in Agnico Eagle Mines by 36.4% during the 1st quarter. AQR Capital Management LLC now owns 19,829 shares of the mining company's stock worth $2,150,000 after purchasing an additional 5,293 shares during the last quarter. Sivia Capital Partners LLC boosted its stake in Agnico Eagle Mines by 57.2% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,188 shares of the mining company's stock worth $379,000 after purchasing an additional 1,160 shares during the last quarter. Rhumbline Advisers boosted its stake in Agnico Eagle Mines by 8.0% during the 2nd quarter. Rhumbline Advisers now owns 1,810 shares of the mining company's stock worth $215,000 after purchasing an additional 134 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Agnico Eagle Mines by 25.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 929 shares of the mining company's stock worth $110,000 after purchasing an additional 187 shares during the last quarter. Institutional investors and hedge funds own 68.34% of the company's stock.

Agnico Eagle Mines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Monday, June 1st. Agnico Eagle Mines's payout ratio is presently 16.92%.

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.

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