Zacks Research Has Negative Outlook for TSE:AEM Q3 Earnings

Key Points

• Zacks Research cut Agnico Eagle Mines’ Q3 2026 EPS forecast to $3.61 from $4.29, with reductions also extending across its 2026–2028 earnings estimates.
• Despite the cautious earnings outlook, analysts maintain a “Moderate Buy” consensus, supported by two Strong Buy and four Buy ratings, with an average price target of C$295.33.
• Agnico Eagle recently reported C$4.33 quarterly EPS and C$5.53 billion in revenue, while shares opened at C$251.52 and the company maintained its quarterly dividend of $0.45 per share.

Agnico Eagle Mines Limited (TSE:AEM - Free Report) NYSE: AEM - Equities researchers at Zacks Research reduced their Q3 2026 earnings per share estimates for Agnico Eagle Mines in a research note issued on Wednesday, August 12th. Zacks Research analyst Team now forecasts that the company will post earnings of $3.61 per share for the quarter, down from their prior forecast of $4.29. 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' Q4 2026 earnings at $3.62 EPS, FY2026 earnings at $16.21 EPS, Q1 2027 earnings at $3.77 EPS, Q2 2027 earnings at $3.80 EPS, Q3 2027 earnings at $3.60 EPS, Q4 2027 earnings at $3.61 EPS, FY2027 earnings at $14.78 EPS and FY2028 earnings at $16.80 EPS.

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

A number of other equities research analysts have also recently commented on AEM. ATB Cormark Capital Markets raised Agnico Eagle Mines from a "sector" rating to an "outperform" rating in a research note on Monday, May 4th. Jefferies Financial Group raised shares of Agnico Eagle Mines from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 6th. Barclays decreased their target price on Agnico Eagle Mines from C$298.00 to C$266.00 in a report on Thursday, July 16th. BMO Capital Markets boosted their price objective on Agnico Eagle Mines from C$350.00 to C$370.00 in a report on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Agnico Eagle Mines from C$321.00 to C$300.00 in a research note on Thursday, April 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of C$295.33.

Agnico Eagle Mines Trading Down 2.4%

Shares of AEM stock opened at C$251.52 on Friday. The company has a market capitalization of C$127.36 billion, a P/E ratio of 21.53, a P/E/G ratio of 22.97 and a beta of 1.83. Agnico Eagle Mines has a 12-month low of C$180.26 and a 12-month high of C$348.94. The firm has a 50-day moving average price of C$219.86 and a 200 day moving average price of C$258.67. The company has a quick ratio of 0.89, a current ratio of 2.86 and a debt-to-equity ratio of 1.12.

Agnico Eagle Mines Dividend Announcement

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

Insider Activity

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 transaction, the director owned 17,682 shares in the company, valued at C$4,326,078.12. This represents a 5.35% decrease in their position. 0.08% of the stock is currently owned by corporate insiders.

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.

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