Erste Group Bank Analysts Cut Earnings Estimates for TSE:AEM

Key Points

• Erste Group Bank lowered its FY2026 EPS estimate for Agnico Eagle Mines to $16.44 from $16.77, while analysts maintain a consensus “Moderate Buy” rating and a C$295.33 price target.
• Several firms recently reduced their price targets, although Jefferies upgraded the stock to “strong buy.” Agnico Eagle shares opened at C$278.97 and remain within a 52-week range of C$188.48 to C$348.94.
• The company reported C$4.33 quarterly EPS on C$5.53 billion in revenue and paid a quarterly dividend of $0.45 per share, equivalent to a 0.6% annualized yield.

Agnico Eagle Mines Limited (TSE:AEM - Free Report) NYSE: AEM - Equities research analysts at Erste Group Bank dropped their FY2026 earnings per share estimates for shares of Agnico Eagle Mines in a research report issued on Friday, September 18th. Erste Group Bank analyst H. Engel now anticipates that the company will post earnings per share of $16.44 for the year, down from their prior forecast of $16.77. The consensus estimate for Agnico Eagle Mines' current full-year earnings is $5.50 per share.

Several other equities analysts have also recently commented on AEM. National Bank Financial cut their target price on shares of Agnico Eagle Mines from C$350.00 to C$275.00 and set an "outperform" rating for the company in a research note on Tuesday, July 14th. Jefferies Financial Group upgraded shares of Agnico Eagle Mines from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 6th. Barclays dropped their price objective on shares of Agnico Eagle Mines from C$298.00 to C$266.00 in a report on Thursday, July 16th. Finally, Stifel Nicolaus cut their price objective on shares of Agnico Eagle Mines from C$350.00 to C$310.00 in a research report on Friday, July 17th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$295.33.

Agnico Eagle Mines Trading Down 1.1%

Shares of Agnico Eagle Mines stock opened at C$278.97 on Monday. The company's fifty day simple moving average is C$249.73 and its 200-day simple moving average is C$255.67. The company has a market cap of C$139.76 billion, a price-to-earnings ratio of 23.88, a PEG ratio of 22.97 and a beta of 2.02. The company has a current ratio of 2.86, a quick ratio of 0.89 and a debt-to-equity ratio of 1.12. Agnico Eagle Mines has a 1 year low of C$188.48 and a 1 year high of C$348.94.

Agnico Eagle Mines (TSE:AEM - Get Free Report) NYSE: AEM last issued its quarterly earnings results on Wednesday, July 29th. The company reported C$4.33 EPS for the quarter. Agnico Eagle Mines had a return on equity of 22.69% and a net margin of 40.45%.The company had revenue of C$5.53 billion for the quarter.

Agnico Eagle Mines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 15th were given a dividend of $0.45 per share. The ex-dividend date was Tuesday, September 1st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.6%. Agnico Eagle Mines's dividend payout ratio (DPR) is 14.55%.

Insider Transactions at Agnico Eagle Mines

In other Agnico Eagle Mines news, Director John Merfyn Roberts sold 1,500 shares of the business's stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of C$273.35, for a total value of C$410,025.00. Following the transaction, the director directly owned 16,182 shares in the company, valued at C$4,423,349.70. The trade was a 8.48% decrease in their ownership of the stock. 0.08% of the stock is owned by corporate insiders.

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.

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