Zacks Research Analysts Reduce Earnings Estimates for AEM

Key Points

• Zacks Research cut Agnico Eagle Mines’ Q3 2026 EPS estimate to $2.59 from $3.13 and lowered its FY2026 forecast to $11.65, roughly in line with the $11.68 consensus. Zacks maintains a “Strong Sell” rating.
• Agnico Eagle’s latest quarter exceeded expectations, with EPS of $3.05 versus the $2.89 consensus, while revenue rose 35% year over year to $3.77 billion.
• Despite recent estimate reductions and mixed analyst targets, AEM has a consensus “Moderate Buy” rating with an average price target of $226; institutional investors own 68.34% of the stock.

Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM - Equities researchers at Zacks Research decreased their Q3 2026 earnings estimates for Agnico Eagle Mines in a research report issued to clients and investors on Wednesday, August 12th. Zacks Research analyst Team now expects that the mining company will post earnings per share of $2.59 for the quarter, down from their previous estimate of $3.13. Zacks Research currently has a "Strong Sell" rating on the stock. The consensus estimate for Agnico Eagle Mines' current full-year earnings is $11.68 per share. Zacks Research also issued estimates for Agnico Eagle Mines' Q4 2026 earnings at $2.60 EPS, FY2026 earnings at $11.65 EPS, Q1 2027 earnings at $2.71 EPS, Q2 2027 earnings at $2.73 EPS, Q3 2027 earnings at $2.59 EPS, Q4 2027 earnings at $2.59 EPS, FY2027 earnings at $10.62 EPS and FY2028 earnings at $12.07 EPS.

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 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $3.78 billion. During the same quarter last year, the firm earned $1.94 EPS. The business's revenue was up 35.0% on a year-over-year basis.

AEM has been the subject of several other research reports. Bank of America reduced their price target on shares of Agnico Eagle Mines from $302.00 to $240.00 and set a "buy" rating for the company in a report on Thursday, July 9th. Wall Street Zen downgraded shares of Agnico Eagle Mines from a "buy" rating to a "hold" rating in a research report on Sunday, July 12th. UBS Group dropped their target price on shares of Agnico Eagle Mines from $210.00 to $170.00 and set a "neutral" rating on the stock in a report on Tuesday, June 30th. Citigroup reduced their price target on shares of Agnico Eagle Mines from $256.00 to $200.00 and set a "buy" rating for the company in a research report on Monday, July 27th. Finally, ATB Cormark Capital Markets raised shares of Agnico Eagle Mines from a "hold" rating to an "outperform" rating in a research note on Monday, May 4th. Twelve analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $226.00.

Agnico Eagle Mines Stock Performance

Shares of AEM stock opened at $180.69 on Friday. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.01. The business has a 50 day moving average of $156.21 and a two-hundred day moving average of $187.05. The company has a market cap of $91.57 billion, a P/E ratio of 15.46, a PEG ratio of 2.28 and a beta of 0.60. Agnico Eagle Mines has a 52 week low of $130.04 and a 52 week high of $255.24.

Institutional Trading of Agnico Eagle Mines

A number of hedge funds have recently bought and sold shares of AEM. Acumen Wealth Advisors LLC acquired a new stake in shares of Agnico Eagle Mines during the 4th quarter worth approximately $26,000. Dunhill Financial LLC acquired a new stake in Agnico Eagle Mines during the second quarter worth $31,000. Fiduciary Financial Advisors acquired a new stake in Agnico Eagle Mines during the second quarter worth $32,000. Jessup Wealth Management Inc bought a new stake in Agnico Eagle Mines in the 4th quarter valued at $35,000. Finally, Allied Private Wealth LLC bought a new stake in Agnico Eagle Mines in the 2nd quarter valued at $36,000. 68.34% of the stock is owned by institutional investors.

Key Stories Impacting Agnico Eagle Mines

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

• Neutral Sentiment: Gold prices remain a key support for Agnico Eagle, keeping the company in focus as investors assess the outlook for precious-metals prices and upcoming economic data. What Is Keeping Agnico Eagle Mines in Focus as Gold Stays Firm Before the July CPI Read
• Neutral Sentiment: Agnico Eagle disclosed details of contingent value rights connected with its Rupert Resources transaction. The filing provides additional deal information but does not appear to materially change the company’s near-term operating outlook. Agnico Eagle Details Contingent Value Rights in Rupert Resources Deal
• Negative Sentiment: Zacks Research cut its EPS forecast for the third quarter of 2026 to $2.59 from $3.13 and its fourth-quarter forecast to $2.60 from $3.14. Its full-year 2026 estimate fell to $11.65 from $12.79, roughly in line with the broader $11.68 consensus.
• Negative Sentiment: The analyst also reduced its 2027 EPS forecast to $10.62 from $12.82, with cuts to each quarter, and lowered its 2028 forecast to $12.07 from $13.16. Zacks maintains a “Strong Sell” rating on AEM, making the revisions a clear near-term headwind despite Agnico Eagle’s strong balance sheet and exposure to elevated gold prices. Erste Group Bank Has Pessimistic View of AEM FY2026 Earnings

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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