What is Erste Group Bank's Estimate for AEM FY2027 Earnings?

Key Points

• Erste Group Bank raised its FY2027 EPS estimate for Agnico Eagle Mines to $12.54, up from $12.51 and above the current full-year consensus estimate of $11.56.
• Agnico Eagle Mines reported quarterly EPS of $3.05, beating the $2.89 consensus estimate, while revenue rose 35% year over year to $3.77 billion.
• Analyst sentiment remains positive, with 12 Buy ratings, four Holds and one Sell; MarketBeat lists a “Moderate Buy” consensus rating and a $226 average price target.

Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM - Analysts at Erste Group Bank boosted their FY2027 earnings per share estimates for Agnico Eagle Mines in a research report issued on Thursday, August 27th. Erste Group Bank analyst H. Engel now expects that the mining company will post earnings of $12.54 per share for the year, up from their previous forecast of $12.51. The consensus estimate for Agnico Eagle Mines' current full-year earnings is $11.56 per share.

A number of other brokerages have also weighed in on AEM. Canadian Imperial Bank of Commerce set a $285.00 target price on shares of Agnico Eagle Mines in a research report on Thursday, July 16th. Jefferies Financial Group upgraded shares of Agnico Eagle Mines from a "hold" rating to a "buy" rating and lifted their price target for the company from $187.00 to $200.00 in a report on Monday, July 6th. ATB Cormark Capital Markets upgraded shares of Agnico Eagle Mines from a "hold" rating to an "outperform" rating in a research note on Monday, May 4th. Royal Bank Of Canada cut their price objective on Agnico Eagle Mines from $230.00 to $210.00 and set a "sector perform" rating for the company in a research report on Thursday, July 9th. Finally, Scotiabank reduced their target price on 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. Twelve investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $226.00.

Agnico Eagle Mines Trading Up 0.1%

AEM stock opened at $206.41 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.86 and a quick ratio of 2.02. Agnico Eagle Mines has a 1-year low of $134.38 and a 1-year high of $255.24. The business has a 50 day simple moving average of $165.50 and a two-hundred day simple moving average of $187.28. The company has a market capitalization of $104.63 billion, a price-to-earnings ratio of 17.66, a PEG ratio of 2.56 and a beta of 0.61.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last issued its earnings results on Wednesday, July 29th. The mining company reported $3.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $0.16. Agnico Eagle Mines had a return on equity of 22.04% and a net margin of 40.44%.The company had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter last year, the company earned $1.94 EPS. The firm's quarterly revenue was up 35.0% on a year-over-year basis.

Institutional Investors Weigh In On Agnico Eagle Mines

A number of institutional investors and hedge funds have recently modified their holdings of the business. Acumen Wealth Advisors LLC purchased a new position in shares of Agnico Eagle Mines during the fourth quarter valued at $26,000. Markowski Investments purchased a new stake in Agnico Eagle Mines in the second quarter worth about $29,000. Dunhill Financial LLC bought a new position in Agnico Eagle Mines during the 2nd quarter worth about $31,000. Fiduciary Financial Advisors bought a new position in Agnico Eagle Mines during the 2nd quarter worth about $32,000. Finally, Jessup Wealth Management Inc purchased a new position in Agnico Eagle Mines during the 4th quarter valued at about $35,000. 68.34% of the stock is owned by institutional investors.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited NYSE: AEM is a Canadian-based senior gold producer headquartered in Toronto, Ontario. The company is principally engaged in the exploration, development, production and reclamation of gold-bearing properties. Agnico Eagle pursues both greenfield and brownfield exploration to expand its resource base and operates a portfolio of producing mines and development projects to generate long-life gold production.

Its core business activities span the full mining lifecycle: grassroots and advanced-stage exploration, prefeasibility and feasibility studies, mine construction, underground and open-pit mining, ore processing and metal recovery, and post-mining reclamation and closure.

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