Research Analysts Offer Predictions for AEM FY2027 Earnings

Agnico Eagle Mines Limited (NYSE:AEMFree Report) (TSE:AEM) – Analysts at Scotiabank cut their FY2027 earnings per share estimates for shares of Agnico Eagle Mines in a research note issued on Tuesday, July 7th. Scotiabank analyst T. Jakusconek now anticipates that the mining company will post earnings of $11.45 per share for the year, down from their prior estimate of $12.09. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $13.15 per share.

Agnico Eagle Mines (NYSE:AEMGet Free Report) (TSE:AEM) last released its quarterly earnings data on Thursday, April 30th. The mining company reported $3.40 earnings per share for the quarter, beating the consensus estimate of $3.19 by $0.21. The business had revenue of $4 billion for 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 was up 66.1% compared to the same quarter last year. During the same period last year, the firm posted $1.53 earnings per share.

A number of other equities research analysts also recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Agnico Eagle Mines from $220.00 to $222.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Barclays cut their price objective on Agnico Eagle Mines from $213.00 to $210.00 and set an “overweight” rating on the stock in a report on Monday. Jefferies Financial Group upgraded Agnico Eagle Mines from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $187.00 to $200.00 in a research report on Monday. Scotia lowered their target price on Agnico Eagle Mines from $280.00 to $278.00 and set a “sector outperform” rating for the company in a report on Friday, July 3rd. Finally, UBS Group dropped their target price on Agnico Eagle Mines from $210.00 to $170.00 and set a “neutral” rating for the company in a research report on Tuesday, June 30th. Twelve research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Agnico Eagle Mines currently has an average rating of “Moderate Buy” and an average price target of $236.85.

View Our Latest Report on AEM

Agnico Eagle Mines Stock Performance

Agnico Eagle Mines stock opened at $144.83 on Thursday. The company has a quick ratio of 2.18, a current ratio of 3.15 and a debt-to-equity ratio of 0.01. The stock has a market cap of $73.51 billion, a PE ratio of 13.61, a P/E/G ratio of 3.31 and a beta of 0.60. Agnico Eagle Mines has a 12-month low of $115.19 and a 12-month high of $255.24. The business’s 50-day moving average price is $171.61 and its two-hundred day moving average price is $193.34.

Hedge Funds Weigh In On Agnico Eagle Mines

A number of hedge funds and other institutional investors have recently made changes to their positions in AEM. Acumen Wealth Advisors LLC bought a new stake in Agnico Eagle Mines in the fourth quarter valued at approximately $26,000. Abound Wealth Management raised its holdings in Agnico Eagle Mines by 99.0% during the 4th quarter. Abound Wealth Management now owns 209 shares of the mining company’s stock worth $35,000 after purchasing an additional 104 shares during the last quarter. Lodestone Wealth Management LLC bought a new position in Agnico Eagle Mines during the 4th quarter worth approximately $35,000. Jessup Wealth Management Inc acquired a new position in shares of Agnico Eagle Mines in the 4th quarter worth approximately $35,000. Finally, Bangor Savings Bank acquired a new position in shares of Agnico Eagle Mines in the 4th quarter worth approximately $37,000. 68.34% of the stock is owned by institutional investors and hedge funds.

Agnico Eagle Mines News Summary

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

About Agnico Eagle Mines

(Get Free Report)

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.

Read More

Earnings History and Estimates for Agnico Eagle Mines (NYSE:AEM)

Receive News & Ratings for Agnico Eagle Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agnico Eagle Mines and related companies with MarketBeat.com's FREE daily email newsletter.