Zacks Research Issues Pessimistic Outlook for AEM Earnings

Key Points

• Zacks Research lowered Agnico Eagle Mines’ Q1 2028 earnings estimate to $2.97 per share from $3.20 and maintained a “Strong Sell” rating. Its Q2 2028 estimate is $3.02 per share.
• Agnico Eagle recently exceeded quarterly earnings expectations, reporting $3.05 EPS versus the $2.89 consensus, while revenue rose 35% year over year to $3.77 billion.
• Despite mixed analyst views, the stock carries a “Moderate Buy” consensus rating with an average price target of $226; shares opened at $185.08, and institutional investors own 68.34% of the company.

Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM - Stock analysts at Zacks Research cut their Q1 2028 earnings estimates for shares of Agnico Eagle Mines in a research note issued to investors on Wednesday, August 12th. Zacks Research analyst Team now anticipates that the mining company will post earnings of $2.97 per share for the quarter, down from their previous estimate of $3.20. Zacks Research 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' Q2 2028 earnings at $3.02 EPS.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released 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. The company had revenue of $3.77 billion during the quarter, compared to analysts' expectations of $3.78 billion. Agnico Eagle Mines had a net margin of 40.44% and a return on equity of 22.04%. The business's revenue was up 35.0% on a year-over-year basis. During the same quarter last year, the business earned $1.94 EPS.

Other equities research analysts also recently issued research reports about the stock. Weiss Ratings downgraded shares of Agnico Eagle Mines from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, July 2nd. TD boosted their target price on Agnico Eagle Mines from $251.00 to $252.00 and gave the stock a "buy" rating in a research report on Tuesday, April 21st. ATB Cormark Capital Markets raised Agnico Eagle Mines from a "hold" rating to an "outperform" rating in a research note on Monday, May 4th. Wall Street Zen cut Agnico Eagle Mines from a "buy" rating to a "hold" rating in a report on Sunday, July 12th. Finally, Royal Bank Of Canada reduced their price target on Agnico Eagle Mines from $230.00 to $210.00 and set a "sector perform" rating for the company in a report on Thursday, July 9th. Twelve equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $226.00.

Agnico Eagle Mines Trading Up 1.8%

Shares of Agnico Eagle Mines stock opened at $185.08 on Thursday. Agnico Eagle Mines has a 52-week low of $130.04 and a 52-week high of $255.24. 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 company's 50-day simple moving average is $156.13 and its 200-day simple moving average is $187.29. The firm has a market cap of $93.79 billion, a price-to-earnings ratio of 15.83, a price-to-earnings-growth ratio of 2.24 and a beta of 0.60.

Institutional Trading of Agnico Eagle Mines

Several hedge funds and other institutional investors have recently made changes to their positions in AEM. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Agnico Eagle Mines by 42.9% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 65,404 shares of the mining company's stock valued at $11,088,000 after acquiring an additional 19,647 shares in the last quarter. Ninety One SA Pty Ltd acquired a new stake in Agnico Eagle Mines in the 4th quarter valued at $17,985,000. RFG Advisory LLC purchased a new position in Agnico Eagle Mines in the fourth quarter valued at about $1,122,000. PensionDanmark Pensionsforsikringsaktieselskab raised its position in Agnico Eagle Mines by 12.0% in the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 103,312 shares of the mining company's stock valued at $16,046,000 after purchasing an additional 11,100 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Agnico Eagle Mines by 26,635.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 736,835 shares of the mining company's stock worth $124,916,000 after purchasing an additional 734,079 shares in the last quarter. Institutional investors and hedge funds own 68.34% of the company's stock.

About Agnico Eagle Mines

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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