TSE:AEM FY2026 EPS Forecast Reduced by Erste Group Bank

Key Points

• Erste Group Bank cut Agnico Eagle Mines’ FY2026 EPS forecast to $17.06 from $17.26, adding to broader analyst estimate reductions for the gold producer.
• Despite the earnings revisions, analysts maintain a generally positive view: the stock carries a “Moderate Buy” consensus rating with an average price target of C$295.33.
• Agnico Eagle reported quarterly EPS of C$4.33 and revenue of C$5.53 billion, while shares recently traded at C$251.52. The company also pays a quarterly dividend of $0.45, equivalent to a 0.7% yield.

Agnico Eagle Mines Limited (TSE:AEM - Free Report) NYSE: AEM - Erste Group Bank dropped their FY2026 earnings per share (EPS) estimates for 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 company will earn $17.06 per share for the year, down from their previous forecast of $17.26. The consensus estimate for Agnico Eagle Mines' current full-year earnings is $5.50 per share.

Several other research analysts have also recently weighed in on the stock. Barclays decreased their price objective on shares of Agnico Eagle Mines from C$298.00 to C$266.00 in a report on Thursday, July 16th. National Bank Financial lowered their target price on Agnico Eagle Mines from C$350.00 to C$275.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 14th. ATB Cormark Capital Markets upgraded Agnico Eagle Mines from a "sector" rating to an "outperform" rating in a research report on Monday, May 4th. BMO Capital Markets raised their price objective on Agnico Eagle Mines from C$350.00 to C$370.00 in a research note on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. lowered their price objective on Agnico Eagle Mines from C$321.00 to C$300.00 in a research report on Thursday, April 23rd. 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 stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of C$295.33.

Agnico Eagle Mines Trading Down 2.4%

Agnico Eagle Mines stock opened at C$251.52 on Friday. Agnico Eagle Mines has a one year low of C$180.26 and a one year high of C$348.94. The business's fifty day moving average is C$219.86 and its 200 day moving average is C$258.67. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.86 and a quick ratio of 0.89. The stock has a market capitalization of C$127.36 billion, a PE ratio of 21.53, a price-to-earnings-growth ratio of 22.97 and a beta of 1.83.

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

Insider Buying and Selling

In other Agnico Eagle Mines news, Director John Merfyn Roberts sold 1,000 shares of the company's stock in a transaction on Monday, August 10th. The stock was sold at an average price of C$244.66, for a total value of C$244,660.00. Following the completion of the sale, the director directly owned 17,682 shares in the company, valued at approximately C$4,326,078.12. This represents a 5.35% decrease in their position. 0.08% of the stock is owned by corporate insiders.

Agnico Eagle Mines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Monday, June 1st. Agnico Eagle Mines's dividend payout ratio is presently 14.55%.

Key Headlines Impacting Agnico Eagle Mines

Here are the key news stories impacting Agnico Eagle Mines this week:

• Positive Sentiment: Agnico Eagle Mines was highlighted as part of a breakout in gold-mining stocks, suggesting that strong gold prices and improving sector momentum are supporting the investment case for the shares. Agnico Eagle Mines Rides Gold-Miner Breakout
• Negative Sentiment: Zacks Research reduced its Agnico Eagle Mines EPS forecasts across several periods. Estimates were cut to $3.61 for Q3 2026 from $4.29, $3.62 for Q4 2026 from $4.30, and $16.21 for full-year 2026 from $17.53.
• Negative Sentiment: The downward revisions extended into 2027: Q1 EPS was lowered to $3.77 from $4.32, Q2 to $3.80 from $4.48, Q3 to $3.60 from $4.34, and Q4 to $3.61 from $4.43. Zacks also cut its full-year 2027 forecast to $14.78 from $17.57.
• Negative Sentiment: Zacks lowered its full-year 2028 EPS estimate to $16.80 from $18.03, along with reductions to Q1 2028 EPS to $4.14 and Q2 2028 EPS to $4.20. The scale of the revisions signals weaker expected earnings growth or increased operating assumptions, potentially limiting valuation upside.
• Neutral Sentiment: Erste Group Bank also trimmed its 2026 EPS forecast, though only modestly, to $17.06 from $17.26. The repeated analyst caution contrasts with the positive gold-sector momentum and may increase share-price volatility.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source