Scotiabank Expects Stronger Earnings for Agnico Eagle Mines

Key Points

• Scotiabank slightly raised its FY2026 EPS forecast for Agnico Eagle to $16.65 from $16.63, a marginal upward revision announced April 23.
• Analyst sentiment is mixed — three Buy and three Hold ratings — leaving a consensus rating of Moderate Buy with a consensus price target of C$323.20 amid divergent target moves (BMO C$370, Stifel C$350, JPMorgan C$300).
• Agnico boosted its quarterly dividend to $0.45 (annualized $1.80, yield 0.7%); shares trade around C$270 with a P/E of 30.48 and a 52-week range of C$144.21–C$348.94.

Agnico Eagle Mines Limited (TSE:AEM - Free Report) NYSE: AEM - Research analysts at Scotiabank upped their FY2026 earnings per share (EPS) estimates for shares of Agnico Eagle Mines in a note issued to investors on Thursday, April 23rd. Scotiabank analyst T. Jakusconek now forecasts that the company will post earnings per share of $16.65 for the year, up from their prior forecast of $16.63. The consensus estimate for Agnico Eagle Mines' current full-year earnings is $5.50 per share.

Other research analysts have also issued research reports about the company. Erste Group Bank lowered Agnico Eagle Mines from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 24th. National Bank Financial lifted their target price on Agnico Eagle Mines from C$330.00 to C$345.00 and gave the stock an "outperform" rating in a research report on Friday, April 17th. JPMorgan Chase & Co. decreased their target price on Agnico Eagle Mines from C$321.00 to C$300.00 in a research report on Thursday, April 23rd. Stifel Nicolaus lifted their target price on Agnico Eagle Mines from C$300.00 to C$350.00 and gave the stock a "buy" rating in a research report on Tuesday, February 10th. Finally, BMO Capital Markets lifted their target price on Agnico Eagle Mines from C$350.00 to C$370.00 in a research report on Wednesday, April 22nd. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Agnico Eagle Mines presently has an average rating of "Moderate Buy" and a consensus price target of C$323.20.

Agnico Eagle Mines Price Performance

Shares of AEM opened at C$270.05 on Tuesday. The firm has a market cap of C$135.29 billion, a price-to-earnings ratio of 30.48, a PEG ratio of 22.97 and a beta of 1.87. The stock has a 50 day moving average of C$293.52 and a 200-day moving average of C$264.61. The company has a current ratio of 2.02, a quick ratio of 0.89 and a debt-to-equity ratio of 1.68. Agnico Eagle Mines has a 52 week low of C$144.21 and a 52 week high of C$348.94.

Agnico Eagle Mines (TSE:AEM - Get Free Report) NYSE: AEM last issued its quarterly earnings data on Friday, February 13th. The company reported C$3.71 earnings per share for the quarter. The firm had revenue of C$4.89 billion during the quarter. Agnico Eagle Mines had a return on equity of 19.37% and a net margin of 37.50%.

Agnico Eagle Mines Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 16th were given a dividend of $0.45 per share. The ex-dividend date was Monday, March 2nd. This represents a $1.80 dividend on an annualized basis and a yield of 0.7%. This is an increase from Agnico Eagle Mines's previous quarterly dividend of $0.40. Agnico Eagle Mines's payout ratio is presently 18.06%.

Insider Transactions at Agnico Eagle Mines

In related news, insider Guy Gosselin sold 4,947 shares of the business's stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of C$310.00, for a total transaction of C$1,533,570.00. Following the completion of the transaction, the insider owned 31,381 shares in the company, valued at C$9,728,110. The trade was a 13.62% decrease in their position. 0.08% of the stock is owned by corporate insiders.

About Agnico Eagle Mines

Agnico Eagle Mines is a gold miner operating mines in Canada, Mexico, and Finland. It also owns 50% of the Canadian Malartic mine. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines on line in rapid succession in the following years. The company produced more than 1.7 million gold ounces in 2020. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions.

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