Erste Group Bank Has Positive Outlook of AEM FY2027 Earnings

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Analysts at Erste Group Bank raised their FY2027 earnings per share (EPS) estimates for shares of Agnico Eagle Mines in a research note issued on Friday, June 5th. Erste Group Bank analyst H. Engel now expects that the mining company will post earnings per share of $14.01 for the year, up from their previous forecast of $13.87. Erste Group Bank currently has a “Hold” rating on the stock. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $13.20 per share.

A number of other equities research analysts have also issued reports on AEM. Wall Street Zen lowered Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 11th. Barclays started coverage on Agnico Eagle Mines in a research note on Thursday, May 21st. They set an “overweight” rating and a $213.00 price target for the company. Zacks Research lowered Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. ATB Cormark Capital Markets raised Agnico Eagle Mines from a “hold” rating to an “outperform” rating in a research note on Monday, May 4th. Finally, Scotiabank reissued an “outperform” rating and set a $280.00 price target on shares of Agnico Eagle Mines in a research note on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $236.08.

Agnico Eagle Mines Price Performance

Shares of AEM stock opened at $157.60 on Friday. Agnico Eagle Mines has a 52-week low of $114.60 and a 52-week high of $255.24. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.18 and a current ratio of 3.15. The firm has a market capitalization of $78.88 billion, a P/E ratio of 14.81, a P/E/G ratio of 3.35 and a beta of 0.56. The stock has a 50 day moving average price of $191.02 and a 200 day moving average price of $194.59.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings data on Thursday, April 30th. The mining company reported $3.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.19 by $0.21. The business 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%.The company’s revenue for the quarter was up 66.1% on a year-over-year basis. During the same period last year, the company earned $1.53 EPS.

Institutional Trading of Agnico Eagle Mines

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Agnico Eagle Mines by 42.9% in 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 purchasing an additional 19,647 shares in the last quarter. TD Asset Management Inc increased its stake in shares of Agnico Eagle Mines by 1.5% in the 3rd quarter. TD Asset Management Inc now owns 9,500,193 shares of the mining company’s stock valued at $1,600,436,000 after purchasing an additional 143,645 shares in the last quarter. Gunderson Capital Management Inc. increased its stake in Agnico Eagle Mines by 187.6% during the 4th quarter. Gunderson Capital Management Inc. now owns 48,104 shares of the mining company’s stock worth $8,155,000 after buying an additional 31,378 shares in the last quarter. TB Alternative Assets Ltd. increased its stake in Agnico Eagle Mines by 34.2% during the 4th quarter. TB Alternative Assets Ltd. now owns 229,630 shares of the mining company’s stock worth $38,929,000 after buying an additional 58,490 shares in the last quarter. Finally, Cannell & Spears LLC increased its stake in Agnico Eagle Mines by 15.0% during the 3rd quarter. Cannell & Spears LLC now owns 559,751 shares of the mining company’s stock worth $94,352,000 after buying an additional 72,932 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.