FY2027 EPS Forecast for Agnico Eagle Mines Lifted by Analyst

Key Points

• Erste Group Bank raised Agnico Eagle Mines’ FY2027 EPS forecast to $12.51 from $12.40, above the current consensus estimate of $11.68.
• Agnico Eagle reported quarterly EPS of $3.05, exceeding analysts’ $2.89 estimate, while revenue rose 35% year over year to $3.77 billion.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $226; institutional investors own 68.34% of the company.

Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM - Investment analysts at Erste Group Bank upped their FY2027 earnings per share estimates for shares of Agnico Eagle Mines in a research report issued to clients and investors on Wednesday, August 5th. Erste Group Bank analyst H. Engel now expects that the mining company will post earnings of $12.51 per share for the year, up from their prior forecast of $12.40. The consensus estimate for Agnico Eagle Mines' current full-year earnings is $11.68 per share.

Several other analysts also recently issued reports on AEM. JPMorgan Chase & Co. boosted their price objective on Agnico Eagle Mines from $175.00 to $179.00 and gave the stock a "neutral" rating in a report on Monday, August 3rd. Weiss Ratings cut shares of Agnico Eagle Mines from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, July 2nd. Citigroup dropped their target price on shares of Agnico Eagle Mines from $256.00 to $200.00 and set a "buy" rating on the stock in a research report on Monday, July 27th. Royal Bank Of Canada cut their price target on shares of Agnico Eagle Mines from $230.00 to $210.00 and set a "sector perform" rating on the stock in a report on Thursday, July 9th. Finally, TD upped their price target on shares of Agnico Eagle Mines from $251.00 to $252.00 and gave the company a "buy" rating in a research report on Tuesday, April 21st. Twelve investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $226.00.

Agnico Eagle Mines Trading Up 0.9%

NYSE:AEM opened at $182.03 on Wednesday. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.01. Agnico Eagle Mines has a 1-year low of $130.04 and a 1-year high of $255.24. The firm has a market capitalization of $92.25 billion, a price-to-earnings ratio of 15.57, a price-to-earnings-growth ratio of 2.22 and a beta of 0.60. The stock has a fifty day simple moving average of $155.86 and a 200 day simple moving average of $187.49.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 analyst estimates of $3.78 billion. During the same period in the previous year, the firm earned $1.94 earnings per share. Agnico Eagle Mines's revenue for the quarter was up 35.0% compared to the same quarter last year.

Hedge Funds Weigh In On Agnico Eagle Mines

Several institutional investors and hedge funds have recently bought and sold shares of AEM. Acumen Wealth Advisors LLC acquired a new position in shares of Agnico Eagle Mines in the 4th quarter valued at about $26,000. Dunhill Financial LLC acquired a new stake in shares of Agnico Eagle Mines during the second quarter worth approximately $31,000. Jessup Wealth Management Inc acquired a new stake in shares of Agnico Eagle Mines during the fourth quarter worth approximately $35,000. Allied Private Wealth LLC purchased a new position in Agnico Eagle Mines during the second quarter valued at approximately $36,000. Finally, Banque Cantonale Vaudoise purchased a new position in Agnico Eagle Mines during the fourth quarter valued at approximately $39,000. Hedge funds and other institutional investors own 68.34% of the company's stock.

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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