FY2027 EPS Estimates for TSE:AEM Reduced by Erste Group Bank

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Analysts at Erste Group Bank dropped their FY2027 earnings per share (EPS) estimates for Agnico Eagle Mines in a report issued on Tuesday, May 5th. Erste Group Bank analyst H. Engel now expects that the company will post earnings per share of $18.89 for the year, down from their previous forecast of $19.23. Erste Group Bank has a “Hold” rating on the stock. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $5.50 per share.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its quarterly earnings results on Thursday, April 30th. The company reported C$4.73 EPS for the quarter. The business had revenue of C$5.70 billion for the quarter. Agnico Eagle Mines had a return on equity of 22.08% and a net margin of 39.48%.

Several other research analysts have also weighed in on AEM. National Bank Financial increased their target price on shares of Agnico Eagle Mines from C$345.00 to C$350.00 and gave the stock a “sector outperform” rating in a research note on Monday. BMO Capital Markets boosted their price target on shares of Agnico Eagle Mines from C$350.00 to C$370.00 in a research note on Wednesday, April 22nd. Stifel Nicolaus upped their price objective on shares of Agnico Eagle Mines from C$300.00 to C$350.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. TD Securities increased their price objective on shares of Agnico Eagle Mines from C$241.00 to C$251.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Agnico Eagle Mines from C$321.00 to C$300.00 in a report on Thursday, April 23rd. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$324.20.

Agnico Eagle Mines Stock Down 1.0%

Shares of TSE:AEM opened at C$256.56 on Friday. The company has a market capitalization of C$128.29 billion, a price-to-earnings ratio of 24.16, a PEG ratio of 22.97 and a beta of 1.87. Agnico Eagle Mines has a 12-month low of C$144.21 and a 12-month high of C$348.94. The business has a 50-day moving average price of C$286.49 and a 200 day moving average price of C$265.08. The company has a current ratio of 3.15, a quick ratio of 0.89 and a debt-to-equity ratio of 1.21.

Agnico Eagle Mines Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 16th were issued a dividend of $0.45 per share. This is a positive change from Agnico Eagle Mines’s previous quarterly dividend of $0.40. The ex-dividend date was Monday, March 2nd. 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 15.54%.

Insider Buying and Selling

In other Agnico Eagle Mines news, insider Guy Gosselin sold 4,947 shares of Agnico Eagle Mines stock in a transaction dated Friday, February 20th. The stock was sold at an average price of C$310.00, for a total value of C$1,533,570.00. Following the completion of the transaction, the insider directly owned 31,381 shares of the company’s stock, valued at C$9,728,110. The trade was a 13.62% decrease in their position. 0.08% of the stock is owned by company insiders.

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.