Zacks Research Analysts Boost Earnings Estimates for Agnico Eagle Mines Limited (NYSE:AEM)

Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM - Analysts at Zacks Research increased their Q1 2026 earnings per share estimates for shares of Agnico Eagle Mines in a report released on Thursday, May 9th. Zacks Research analyst A. Barman now anticipates that the mining company will earn $0.66 per share for the quarter, up from their previous estimate of $0.55. The consensus estimate for Agnico Eagle Mines' current full-year earnings is $3.23 per share.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last posted its quarterly earnings results on Thursday, April 25th. The mining company reported $0.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.60 by $0.16. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.78 billion. Agnico Eagle Mines had a net margin of 6.79% and a return on equity of 6.09%. During the same period last year, the firm posted $0.57 EPS. The company's revenue for the quarter was up 21.2% on a year-over-year basis.

A number of other research analysts have also issued reports on the company. TD Securities boosted their price objective on Agnico Eagle Mines from $74.00 to $78.00 and gave the company a "buy" rating in a research report on Tuesday, April 30th. Jefferies Financial Group upped their price target on shares of Agnico Eagle Mines from $54.00 to $57.00 and gave the stock a "hold" rating in a research report on Monday, April 22nd. Citigroup lifted their price objective on shares of Agnico Eagle Mines from $65.00 to $80.00 and gave the company a "buy" rating in a research report on Tuesday, April 30th. CIBC upped their target price on shares of Agnico Eagle Mines from $80.00 to $81.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 30th. Finally, National Bank Financial restated an "outperform overweight" rating on shares of Agnico Eagle Mines in a research note on Monday, April 8th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Agnico Eagle Mines has a consensus rating of "Moderate Buy" and a consensus target price of $69.63.

Agnico Eagle Mines Stock Performance

Shares of NYSE:AEM traded up $0.31 during trading on Friday, hitting $68.41. 3,061,955 shares of the company traded hands, compared to its average volume of 3,242,002. The company has a quick ratio of 0.88, a current ratio of 2.21 and a debt-to-equity ratio of 0.09. The business's fifty day moving average is $59.98 and its 200-day moving average is $53.66. The stock has a market capitalization of $34.11 billion, a price-to-earnings ratio of 71.69, a PEG ratio of 0.76 and a beta of 1.04. Agnico Eagle Mines has a one year low of $43.22 and a one year high of $69.17.

Agnico Eagle Mines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Friday, May 31st. Agnico Eagle Mines's payout ratio is currently 168.42%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AEM. Norges Bank acquired a new position in shares of Agnico Eagle Mines in the 4th quarter worth $325,327,000. FIL Ltd raised its holdings in Agnico Eagle Mines by 16.4% during the 4th quarter. FIL Ltd now owns 20,107,126 shares of the mining company's stock worth $1,102,481,000 after buying an additional 2,831,794 shares during the period. Clearbridge Investments LLC purchased a new stake in Agnico Eagle Mines during the fourth quarter valued at about $132,257,000. Van ECK Associates Corp boosted its holdings in shares of Agnico Eagle Mines by 9.5% in the fourth quarter. Van ECK Associates Corp now owns 23,059,010 shares of the mining company's stock worth $1,264,791,000 after buying an additional 1,995,127 shares during the period. Finally, Capital Wealth Planning LLC purchased a new position in shares of Agnico Eagle Mines in the fourth quarter worth approximately $88,547,000. 68.34% of the stock is owned by institutional investors and hedge funds.

About Agnico Eagle Mines

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.