Research Analysts Offer Predictions for AEM FY2027 Earnings

Key Points

• Erste Group Bank lowered its FY2027 EPS forecast for Agnico Eagle Mines to $12.30 from $12.35, though the estimate remains above the broader consensus of $11.47.
• Analyst sentiment remains generally positive but mixed: 13 analysts rate AEM a Buy and six a Hold, resulting in a “Moderate Buy” consensus and an average price target of $224.33, despite several recent target reductions.
• Agnico Eagle reported quarterly EPS of $3.05, beating expectations of $2.89, while revenue rose 35% year over year to $3.80 billion. Institutional investors and hedge funds own approximately 68.34% of the stock.

Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM - Erste Group Bank dropped their FY2027 earnings per share estimates for shares of Agnico Eagle Mines in a research report issued to clients and investors on Wednesday, October 21st. Erste Group Bank analyst H. Engel now forecasts that the mining company will post earnings of $12.30 per share for the year, down from their prior estimate of $12.35. The consensus estimate for Agnico Eagle Mines' current full-year earnings is $11.47 per share.

A number of other brokerages also recently weighed in on AEM. Raymond James Financial cut their price target on shares of Agnico Eagle Mines from $230.00 to $225.00 and set an "outperform" rating for the company in a report on Friday, September 4th. JPMorgan Chase & Co. lifted their price objective on shares of Agnico Eagle Mines from $179.00 to $190.00 and gave the stock a "neutral" rating in a research note on Wednesday. Freedom Broker reiterated a "hold" rating and issued a $212.00 target price (down from $255.00) on shares of Agnico Eagle Mines in a report on Thursday. Scotiabank dropped 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. Finally, Wall Street Zen lowered shares of Agnico Eagle Mines from a "buy" rating to a "hold" rating in a research note on Sunday, July 12th. Thirteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $224.33.

Agnico Eagle Mines Price Performance

Shares of Agnico Eagle Mines stock opened at $176.16 on Friday. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.01. The company's 50-day moving average price is $195.37 and its two-hundred day moving average price is $181.05. Agnico Eagle Mines has a 52 week low of $134.38 and a 52 week high of $255.24. The stock has a market cap of $89.30 billion, a PE ratio of 15.07, a price-to-earnings-growth ratio of 2.77 and a beta of 0.64.

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

Hedge Funds Weigh In On Agnico Eagle Mines

A number of hedge funds have recently modified their holdings of AEM. Deutsche Bank AG purchased a new stake in shares of Agnico Eagle Mines during the second quarter valued at $1,362,158,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Agnico Eagle Mines in the 2nd quarter valued at $927,602,000. Bank of America Corp DE acquired a new position in shares of Agnico Eagle Mines in the 2nd quarter valued at $844,096,000. The Manufacturers Life Insurance Company boosted its position in shares of Agnico Eagle Mines by 9.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 4,091,837 shares of the mining company's stock valued at $829,916,000 after purchasing an additional 338,486 shares during the period. Finally, Amundi increased its stake in Agnico Eagle Mines by 4.6% in the 1st quarter. Amundi now owns 3,533,877 shares of the mining company's stock worth $717,306,000 after purchasing an additional 155,185 shares in the last quarter. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Key Agnico Eagle Mines News

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

• Positive Sentiment: JPMorgan raised its price target for Agnico Eagle Mines from $179 to $190 while maintaining a Neutral rating, indicating modest potential upside. JPMorgan price target article
• Positive Sentiment: RBC Dominion Securities initiated a $225 price target with a Sector Perform rating. The target remains materially above the current share price and provides some support for the stock’s longer-term valuation. RBC price target article
• Positive Sentiment: Investor attention is also being supported by elevated gold prices and reports highlighting Agnico Eagle’s strong cash generation. Higher gold prices can expand miners’ margins because production costs are comparatively less sensitive to bullion prices. Cash flow and gold prices article
• Neutral Sentiment: Agnico Eagle is scheduled to report earnings soon, with analysts expecting year-over-year earnings growth. However, Zacks reports that the company does not currently show the combination of factors that typically supports a likely earnings beat, keeping expectations cautious. Agnico Eagle earnings expectations article
• Negative Sentiment: Freedom Broker reaffirmed its Hold rating but cut its target to $212. The downgrade adds selling pressure after a period of strong longer-term performance and follows recent weakness in the shares. Freedom Broker target reduction article

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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