FY2027 Earnings Estimate for AEM Issued By Erste Group Bank

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Erste Group Bank reduced their FY2027 earnings per share estimates for Agnico Eagle Mines in a note issued to investors on Tuesday, May 5th. Erste Group Bank analyst H. Engel now anticipates that the mining company will post earnings per share of $13.87 for the year, down from their prior estimate of $14.12. Erste Group Bank currently has a “Hold” rating on the stock. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $13.07 per share.

AEM has been the subject of several other research reports. Scotiabank reissued an “outperform” rating and set a $280.00 price target on shares of Agnico Eagle Mines in a research report on Tuesday, February 17th. TD upped their price objective on Agnico Eagle Mines from $251.00 to $252.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. TD Securities upped their target price on shares of Agnico Eagle Mines from $241.00 to $251.00 and gave the stock a “buy” rating in a research report on Tuesday, March 3rd. UBS Group dropped their price objective on shares of Agnico Eagle Mines from $240.00 to $210.00 and set a “neutral” rating for the company in a report on Friday, March 27th. Finally, Canadian Imperial Bank of Commerce reduced their target price on Agnico Eagle Mines from $312.00 to $304.00 and set an “outperform” rating on the stock in a report on Tuesday, April 21st. Eleven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Agnico Eagle Mines presently has a consensus rating of “Moderate Buy” and a consensus target price of $238.18.

Agnico Eagle Mines Stock Performance

Shares of AEM stock opened at $191.92 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 3.15. Agnico Eagle Mines has a fifty-two week low of $103.38 and a fifty-two week high of $255.24. The company has a market capitalization of $96.06 billion, a P/E ratio of 18.02, a PEG ratio of 4.16 and a beta of 0.58. The stock has a 50 day moving average price of $208.63 and a two-hundred day moving average price of $192.16.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its earnings results on Thursday, April 30th. The mining company reported $3.40 earnings per share for the quarter, beating analysts’ consensus estimates of $3.19 by $0.21. The company had revenue of $4 billion during the quarter, compared to analyst estimates of $3.96 billion. Agnico Eagle Mines had a return on equity of 21.09% and a net margin of 39.46%.Agnico Eagle Mines’s revenue for the quarter was up 66.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.53 EPS.

Institutional Investors Weigh In On Agnico Eagle Mines

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Agnico Eagle Mines during the fourth quarter valued at $1,367,783,000. Capital World Investors increased its holdings in Agnico Eagle Mines by 20.0% in the 3rd quarter. Capital World Investors now owns 20,765,804 shares of the mining company’s stock worth $3,497,470,000 after acquiring an additional 3,462,968 shares in the last quarter. Van ECK Associates Corp raised its position in Agnico Eagle Mines by 21.6% during the fourth quarter. Van ECK Associates Corp now owns 17,225,477 shares of the mining company’s stock worth $2,920,258,000 after acquiring an additional 3,062,705 shares during the period. Alberta Investment Management Corp acquired a new position in Agnico Eagle Mines during the fourth quarter worth $194,195,000. Finally, Employees Provident Fund Board acquired a new stake in shares of Agnico Eagle Mines in the fourth quarter valued at about $183,341,000. 68.34% of the stock is owned by institutional investors.

Agnico Eagle Mines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a $0.45 dividend. The ex-dividend date is Monday, June 1st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. Agnico Eagle Mines’s payout ratio is presently 16.92%.

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.