FY2027 EPS Estimates for TSE:AEM Raised by Erste Group Bank

Key Points

• Erste Group Bank raised Agnico Eagle Mines’ FY2027 EPS forecast to $17.49 from $17.43, while analysts’ consensus estimate for the current full year is $5.50 per share.
• Analyst sentiment remains positive overall, with the stock carrying a “Moderate Buy” consensus rating and an average price target of C$295.33, despite several recent target-price reductions.
• Agnico Eagle declared a quarterly dividend of $0.45 per share, equivalent to $1.80 annually and a 0.6% yield; a company director also sold 1,500 shares valued at approximately C$410,025.

Agnico Eagle Mines Limited (TSE:AEM - Free Report) NYSE: AEM - Erste Group Bank lifted their FY2027 EPS estimates for shares of Agnico Eagle Mines in a report released on Tuesday, September 8th. Erste Group Bank analyst H. Engel now forecasts that the company will earn $17.49 per share for the year, up from their previous forecast of $17.43. The consensus estimate for Agnico Eagle Mines' current full-year earnings is $5.50 per share.

Other analysts also recently issued research reports about the company. National Bank Financial reduced their price objective on Agnico Eagle Mines from C$350.00 to C$275.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 14th. Barclays lowered their target price on Agnico Eagle Mines from C$298.00 to C$266.00 in a research report on Thursday, July 16th. Stifel Nicolaus cut their target price on shares of Agnico Eagle Mines from C$350.00 to C$310.00 in a report on Friday, July 17th. Finally, 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. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of C$295.33.

Agnico Eagle Mines Price Performance

Shares of Agnico Eagle Mines stock opened at C$278.09 on Monday. The stock has a 50 day moving average of C$243.24 and a 200 day moving average of C$257.82. Agnico Eagle Mines has a 12 month low of C$188.48 and a 12 month high of C$348.94. The firm has a market cap of C$139.32 billion, a PE ratio of 23.81, 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 (TSE:AEM - Get Free Report) NYSE: AEM last issued its earnings results on Wednesday, July 29th. The company reported C$4.33 earnings per share (EPS) for the quarter. Agnico Eagle Mines had a return on equity of 22.69% and a net margin of 40.45%.The firm had revenue of C$5.53 billion for the quarter.

Agnico Eagle Mines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, September 1st. Agnico Eagle Mines's payout ratio is presently 14.55%.

Insiders Place Their Bets

In other Agnico Eagle Mines news, Director John Merfyn Roberts sold 1,500 shares of the business's stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of C$273.35, for a total transaction of C$410,025.00. Following the sale, the director directly owned 16,182 shares of the company's stock, 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 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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