FY2026 EPS Estimate for Agnico Eagle Mines Cut by Analyst

Key Points

• Erste Group Bank lowered Agnico Eagle Mines’ FY2026 EPS forecast to $11.76 from $11.96, though it remains above the $11.43 analyst consensus.
• Agnico Eagle’s latest quarter exceeded expectations, with EPS of $3.05 versus $2.89 expected and revenue of $3.80 billion. Revenue increased 35% year over year, while net margin reached 40.44%.
• Analyst sentiment remains favorable overall, with a “Moderate Buy” consensus and average price target of $224.33, despite mixed revisions including Freedom Broker’s downgrade to “Hold” and a reduced $212 target.

Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM - Equities researchers at Erste Group Bank cut their FY2026 EPS estimates for shares of Agnico Eagle Mines in a research note issued to investors on Wednesday, October 21st. Erste Group Bank analyst H. Engel now forecasts that the mining company will earn $11.76 per share for the year, down from their previous forecast of $11.96. The consensus estimate for Agnico Eagle Mines' current full-year earnings is $11.43 per share.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last posted its quarterly earnings results on Wednesday, July 29th. The mining company reported $3.05 EPS for the quarter, beating analysts' consensus estimates of $2.89 by $0.16. The business had revenue of $3.80 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 quarterly revenue was up 35.0% on a year-over-year basis. During the same period last year, the firm earned $1.94 earnings per share.

Several other brokerages also recently commented on AEM. Barclays upped their price target on shares of Agnico Eagle Mines from $188.00 to $218.00 and gave the company an "overweight" rating in a report on Monday, October 19th. Freedom Broker downgraded shares of Agnico Eagle Mines from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $255.00 to $212.00 in a research note on Thursday. Scotiabank dropped their target price on Agnico Eagle Mines from $278.00 to $260.00 and set a "sector outperform" rating for the company in a research report on Tuesday, July 14th. UBS Group upped their target price on Agnico Eagle Mines from $170.00 to $190.00 and gave the company a "neutral" rating in a research note on Thursday, October 8th. Finally, Scotia cut their price objective on Agnico Eagle Mines from $280.00 to $278.00 and set a "sector outperform" rating on the stock in a research report on Friday, July 3rd. Thirteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Agnico Eagle Mines presently has a consensus rating of "Moderate Buy" and an average price target of $224.33.

Agnico Eagle Mines Price Performance

AEM stock opened at $173.84 on Monday. The company has a fifty day simple moving average of $195.12 and a two-hundred day simple moving average of $180.80. Agnico Eagle Mines has a 52 week low of $134.38 and a 52 week high of $255.24. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $88.13 billion, a P/E ratio of 14.87, a price-to-earnings-growth ratio of 2.58 and a beta of 0.64.

Hedge Funds Weigh In On Agnico Eagle Mines

Large investors have recently made changes to their positions in the company. Aries Wealth Management increased its stake in shares of Agnico Eagle Mines by 1.4% during the third quarter. Aries Wealth Management now owns 5,620 shares of the mining company's stock worth $1,030,000 after purchasing an additional 80 shares in the last quarter. Kingswood Wealth Advisors LLC boosted its holdings in Agnico Eagle Mines by 15.2% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 3,063 shares of the mining company's stock worth $561,000 after buying an additional 405 shares during the last quarter. Bright Futures Wealth Management LLC. purchased a new stake in Agnico Eagle Mines during the 3rd quarter worth approximately $416,000. Signaturefd LLC increased its stake in Agnico Eagle Mines by 7.0% during the 3rd quarter. Signaturefd LLC now owns 12,927 shares of the mining company's stock worth $2,369,000 after buying an additional 844 shares in the last quarter. Finally, Lorne Steinberg Wealth Management Inc. acquired a new position in shares of Agnico Eagle Mines during the third quarter valued at approximately $418,000. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Agnico Eagle Mines

Here are the key news stories impacting Agnico Eagle Mines this week:

• Positive Sentiment: JPMorgan Chase raised its price target for Agnico Eagle, signaling continued confidence in the company’s outlook. Agnico Eagle Mines Stock Gets Price Target Increase from JPMorgan Chase & Co.
• Positive Sentiment: Elevated gold prices and reported record cash flow are drawing investor attention because miners generally benefit from widening margins when bullion prices rise. Agnico is also being highlighted as a relatively strong operator with quality assets. Agnico Eagle Mines Draws Focus as Record Cash Flow Meets Elevated Gold Prices
• Positive Sentiment: RBC Dominion Securities assigned a $225 price target and a “sector perform” rating, while the broader average brokerage recommendation remains favorable. These targets imply substantial upside from recent trading levels, although analyst optimism may be overstated. RBC Dominion Securities price target
• Neutral Sentiment: Wall Street’s Q3 2026 preview focuses on production, costs, revenue, and other operating metrics. The articles provide estimates rather than actual results, so the upcoming report could become an important catalyst. Agnico Q3 earnings preview
• Negative Sentiment: Freedom Broker downgraded AEM from “buy” to “hold” and reduced its price target to $212 from $255. The broker cited execution risks at Canadian Malartic and Odyssey, lower earnings and EBITDA projections, cost-inflation concerns, and Agnico’s premium valuation relative to peers. Why Did Agnico Eagle Mines Stock Drop?
• Negative Sentiment: Erste Group Bank made a small reduction to its FY2027 EPS forecast, lowering it to $12.30 from $12.35. Although modest, the revision reinforces concerns about future earnings growth. Agnico Eagle earnings estimate revision

About Agnico Eagle Mines

Agnico Eagle Mines Limited NYSE: AEM is a Canadian gold mining company engaged in the exploration, development and production of gold, as well as related activities such as mineral processing and mine-site reclamation. The company’s principal product is gold, with silver and other byproducts also recovered from certain operations.

Founded in 1957 through the merger of Agnico Mines and Eagle Mines, Agnico Eagle has grown into one of the world’s largest gold producers. Its operating portfolio is concentrated in established mining regions, including the Canadian provinces of Ontario and Quebec, Nunavut in northern Canada, and Finland.

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