Equities Analysts Set Expectations for AEM FY2027 Earnings

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Stock analysts at Scotiabank lifted their FY2027 earnings per share (EPS) estimates for shares of Agnico Eagle Mines in a research note issued to investors on Monday, November 2nd. Scotiabank analyst T. Jakusconek now anticipates that the mining company will earn $10.98 per share for the year, up from their prior estimate of $10.87. Scotiabank currently has a “Sector Outperform” rating and a $260.00 target price on the stock. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $11.42 per share.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its earnings results on Wednesday, October 28th. The mining company reported $2.62 earnings per share for the quarter, topping the consensus estimate of $2.47 by $0.15. The firm had revenue of $3.54 billion during the quarter, compared to analysts’ expectations of $3.51 billion. Agnico Eagle Mines had a return on equity of 21.68% and a net margin of 41.01%. The firm’s revenue was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.10 earnings per share.

Other analysts have also recently issued research reports about the stock. Barclays cut their price objective on shares of Agnico Eagle Mines from $218.00 to $215.00 and set an “overweight” rating on the stock in a report on Monday. Wall Street Zen downgraded shares of Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. JPMorgan Chase & Co. upped their target price on shares of Agnico Eagle Mines from $190.00 to $193.00 and gave the company a “neutral” rating in a report on Friday, October 30th. Weiss Ratings raised shares of Agnico Eagle Mines from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, October 14th. Finally, Citigroup dropped their target price on shares of Agnico Eagle Mines from $256.00 to $200.00 and set a “buy” rating on the stock in a research report on Monday, July 27th. Thirteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $227.00.

Agnico Eagle Mines Stock Performance

Shares of AEM opened at $183.00 on Thursday. The stock has a 50 day moving average price of $189.96 and a 200 day moving average price of $189.09. The company has a quick ratio of 1.90, a current ratio of 2.75 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $92.77 billion, a price-to-earnings ratio of 14.93, a price-to-earnings-growth ratio of 2.54 and a beta of 0.69. Agnico Eagle Mines has a 52-week low of $134.38 and a 52-week high of $255.24.

Institutional Trading of Agnico Eagle Mines

Institutional investors and hedge funds have recently made changes to their positions in the company. Deutsche Bank AG acquired a new position in Agnico Eagle Mines during the second quarter worth approximately $1,362,158,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Agnico Eagle Mines in the second quarter valued at approximately $927,602,000. Bank of America Corp DE acquired a new stake in shares of Agnico Eagle Mines in the second quarter valued at approximately $844,096,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Agnico Eagle Mines by 9.0% in the first quarter. The Manufacturers Life Insurance Company now owns 4,091,837 shares of the mining company’s stock valued at $829,916,000 after acquiring an additional 338,486 shares during the period. Finally, TD Waterhouse Canada Inc. boosted its holdings in shares of Agnico Eagle Mines by 3.7% in the third quarter. TD Waterhouse Canada Inc. now owns 3,655,707 shares of the mining company’s stock valued at $659,679,000 after acquiring an additional 131,514 shares during the period. 68.34% of the stock is owned by hedge funds and other institutional investors.

About Agnico Eagle Mines

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.