TSE:AEM FY2027 EPS Forecast Decreased by Erste Group Bank

Key Points

• Erste Group Bank lowered Agnico Eagle Mines’ FY2027 EPS forecast to $17.43 from $17.55, while the broader analyst consensus 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 target price of C$295.33, despite several firms recently reducing their price targets.
• Agnico Eagle reported C$4.33 quarterly EPS on C$5.53 billion in revenue and announced a quarterly dividend of $0.45, equivalent to an annualized $1.80 payout and a 0.6% yield.

Agnico Eagle Mines Limited (TSE:AEM - Free Report) NYSE: AEM - Equities researchers at Erste Group Bank reduced their FY2027 EPS estimates for Agnico Eagle Mines in a research report issued on Thursday, August 27th. Erste Group Bank analyst H. Engel now expects that the company will post earnings of $17.43 per share for the year, down from their prior forecast of $17.55. The consensus estimate for Agnico Eagle Mines' current full-year earnings is $5.50 per share.

Other research analysts have also issued reports about the company. ATB Cormark Capital Markets upgraded Agnico Eagle Mines from a "sector" rating to an "outperform" rating in a research report on Monday, May 4th. Barclays cut their target price on Agnico Eagle Mines from C$298.00 to C$266.00 in a research note on Thursday, July 16th. Stifel Nicolaus decreased their target price on Agnico Eagle Mines from C$350.00 to C$310.00 in a research report on Friday, July 17th. National Bank Financial lowered their price target on 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. 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 analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$295.33.

Agnico Eagle Mines Stock Performance

Shares of Agnico Eagle Mines stock opened at C$281.23 on Tuesday. The firm has a fifty day moving average of C$233.05 and a two-hundred day moving average of C$259.26. The stock has a market capitalization of C$140.89 billion, a price-to-earnings ratio of 24.08, a PEG ratio of 22.97 and a beta of 1.83. Agnico Eagle Mines has a 52 week low of C$188.48 and a 52 week high of C$348.94. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.89 and a current ratio of 2.86.

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

Agnico Eagle Mines Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 15th will be given a $0.45 dividend. The ex-dividend date is 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 is currently 14.55%.

Insider Buying and Selling

In related news, Director John Merfyn Roberts sold 1,000 shares of the firm's stock in a transaction on Monday, August 10th. The stock was sold at an average price of C$244.66, for a total transaction of C$244,660.00. Following the sale, the director owned 17,682 shares of the company's stock, valued at approximately C$4,326,078.12. This trade represents a 5.35% decrease in their position. Insiders own 0.08% of the company's stock.

Agnico Eagle Mines Company Profile

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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