Zacks Research Has Bearish Outlook for TSE:AEM Q1 Earnings

Key Points

• Zacks Research lowered Agnico Eagle Mines’ Q1 2028 EPS estimate to $4.14 from $4.38, while forecasting Q2 2028 EPS of $4.20. The company’s full-year consensus EPS estimate is $5.50.
• Agnico Eagle recently reported quarterly EPS of C$4.33 on C$5.53 billion in revenue, with a 40.45% net margin and 22.69% return on equity.
• Despite mixed analyst price-target changes, Agnico Eagle maintains a “Moderate Buy” consensus rating and a C$295.33 average price target; its stock recently traded at C$257.82, up 1.8%.

Agnico Eagle Mines Limited (TSE:AEM - Free Report) NYSE: AEM - Analysts at Zacks Research decreased their Q1 2028 EPS estimates for shares of Agnico Eagle Mines in a report issued on Wednesday, August 12th. Zacks Research analyst Team now anticipates that the company will post earnings of $4.14 per share for the quarter, down from their previous forecast of $4.38. The consensus estimate for Agnico Eagle Mines' current full-year earnings is $5.50 per share. Zacks Research also issued estimates for Agnico Eagle Mines' Q2 2028 earnings at $4.20 EPS.

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

A number of other research firms have also recently weighed in on AEM. JPMorgan Chase & Co. reduced their price target on Agnico Eagle Mines from C$321.00 to C$300.00 in a report on Thursday, April 23rd. BMO Capital Markets raised their price objective on Agnico Eagle Mines from C$350.00 to C$370.00 in a report on Wednesday, April 22nd. National Bank Financial cut their price objective on Agnico Eagle Mines from C$350.00 to C$275.00 and set an "outperform" rating for the company in a research report on Tuesday, July 14th. Jefferies Financial Group raised Agnico Eagle Mines from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 6th. Finally, Stifel Nicolaus decreased their target price on Agnico Eagle Mines from C$350.00 to C$310.00 in a research report on Friday, July 17th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$295.33.

Agnico Eagle Mines Trading Up 1.8%

AEM stock opened at C$257.82 on Thursday. Agnico Eagle Mines has a 52-week low of C$180.26 and a 52-week high of C$348.94. The company has a quick ratio of 0.89, a current ratio of 2.86 and a debt-to-equity ratio of 1.12. The firm has a market cap of C$130.55 billion, a P/E ratio of 22.07, a PEG ratio of 22.97 and a beta of 1.83. The company's 50-day simple moving average is C$219.75 and its 200-day simple moving average is C$258.97.

Insiders Place Their Bets

In related news, Director John Merfyn Roberts sold 1,000 shares of Agnico Eagle Mines stock in a transaction dated 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 sale, the director directly owned 17,682 shares in the company, valued at approximately C$4,326,078.12. The trade was a 5.35% decrease in their position. Corporate insiders own 0.08% of the company's stock.

Agnico Eagle Mines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were paid a $0.45 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.80 dividend on an annualized basis and a yield of 0.7%. Agnico Eagle Mines's dividend payout ratio (DPR) is currently 14.55%.

About Agnico Eagle Mines

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.

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