Erste Group Bank Has Pessimistic View of AEM FY2027 Earnings

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Stock analysts at Erste Group Bank lowered their FY2027 EPS estimates for shares of Agnico Eagle Mines in a report issued on Wednesday, October 21st. Erste Group Bank analyst H. Engel now forecasts that the mining company will earn $12.30 per share for the year, down from their previous estimate of $12.35. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $11.47 per share.

A number of other analysts have also issued reports on AEM. Raymond James Financial reduced their target price on Agnico Eagle Mines from $230.00 to $225.00 and set an “outperform” rating for the company in a report on Friday, September 4th. Canadian Imperial Bank of Commerce set a $239.00 price target on Agnico Eagle Mines in a report on Friday, October 16th. Wall Street Zen downgraded Agnico Eagle Mines from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. RBC Dominion Securities set a $225.00 price target on Agnico Eagle Mines and gave the company a “sector perform” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. upped their price target on Agnico Eagle Mines from $179.00 to $190.00 and gave the company a “neutral” rating in a research report on Wednesday. Thirteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Agnico Eagle Mines presently has an average rating of “Moderate Buy” and a consensus price target of $224.33.

Agnico Eagle Mines Trading Down 6.0%

NYSE AEM opened at $176.16 on Friday. The firm’s 50 day moving average price is $195.37 and its two-hundred day moving average price is $181.05. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.02 and a current ratio of 2.86. Agnico Eagle Mines has a twelve month low of $134.38 and a twelve month high of $255.24. The stock has a market cap of $89.30 billion, a price-to-earnings ratio of 15.07, a PEG ratio of 2.77 and a beta of 0.64.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings data on Wednesday, July 29th. The mining company reported $3.05 EPS for the quarter, topping analysts’ consensus estimates of $2.89 by $0.16. Agnico Eagle Mines had a net margin of 40.44% and a return on equity of 22.04%. The firm had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same quarter last year, the business posted $1.94 EPS. The company’s revenue was up 35.0% on a year-over-year basis.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fifth Third Wealth Advisors LLC purchased a new stake in Agnico Eagle Mines in the 3rd quarter worth approximately $212,000. Royal Fund Management LLC boosted its stake in shares of Agnico Eagle Mines by 0.4% during the 3rd quarter. Royal Fund Management LLC now owns 23,289 shares of the mining company’s stock valued at $4,268,000 after buying an additional 99 shares during the period. Brookstone Capital Management grew its holdings in shares of Agnico Eagle Mines by 6.5% during the 3rd quarter. Brookstone Capital Management now owns 1,860 shares of the mining company’s stock valued at $341,000 after acquiring an additional 114 shares in the last quarter. NBT Bank N.A. purchased a new position in shares of Agnico Eagle Mines during the 3rd quarter valued at $1,536,000. Finally, Lmcg Investments LLC grew its holdings in shares of Agnico Eagle Mines by 0.4% during the 3rd quarter. Lmcg Investments LLC now owns 167,199 shares of the mining company’s stock valued at $30,643,000 after acquiring an additional 614 shares in the last quarter. 68.34% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Agnico Eagle Mines

Here are the key news stories impacting Agnico Eagle Mines this week:

• Positive Sentiment: JPMorgan raised its price target for Agnico Eagle Mines from $179 to $190 while maintaining a Neutral rating, indicating modest potential upside. JPMorgan price target article
• Positive Sentiment: RBC Dominion Securities initiated a $225 price target with a Sector Perform rating. The target remains materially above the current share price and provides some support for the stock’s longer-term valuation. RBC price target article
• Positive Sentiment: Investor attention is also being supported by elevated gold prices and reports highlighting Agnico Eagle’s strong cash generation. Higher gold prices can expand miners’ margins because production costs are comparatively less sensitive to bullion prices. Cash flow and gold prices article
• Neutral Sentiment: Agnico Eagle is scheduled to report earnings soon, with analysts expecting year-over-year earnings growth. However, Zacks reports that the company does not currently show the combination of factors that typically supports a likely earnings beat, keeping expectations cautious. Agnico Eagle earnings expectations article
• Negative Sentiment: Freedom Broker reaffirmed its Hold rating but cut its target to $212. The downgrade adds selling pressure after a period of strong longer-term performance and follows recent weakness in the shares. Freedom Broker target reduction article

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited (NYSE:AEM) is a Canadian gold mining company engaged in the exploration, development and production of gold, as well as related activities such as mineral processing and mine-site reclamation. The company’s principal product is gold, with silver and other byproducts also recovered from certain operations.

Founded in 1957 through the merger of Agnico Mines and Eagle Mines, Agnico Eagle has grown into one of the world’s largest gold producers. Its operating portfolio is concentrated in established mining regions, including the Canadian provinces of Ontario and Quebec, Nunavut in northern Canada, and Finland.