Scotiabank Analysts Decrease Earnings Estimates for AEM

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Equities researchers at Scotiabank cut their FY2026 earnings estimates for Agnico Eagle Mines in a research note issued to investors on Thursday, February 19th. Scotiabank analyst T. Jakusconek now expects that the mining company will post earnings of $12.16 per share for the year, down from their prior estimate of $12.67. Scotiabank has a “Outperform” rating and a $280.00 price target on the stock. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $4.63 per share. Scotiabank also issued estimates for Agnico Eagle Mines’ FY2027 earnings at $12.09 EPS.

AEM has been the topic of several other research reports. Canadian Imperial Bank of Commerce set a $296.00 price objective on Agnico Eagle Mines and gave the company an “outperform” rating in a research note on Wednesday, February 4th. TD Securities set a $251.00 price objective on Agnico Eagle Mines and gave the stock a “buy” rating in a report on Tuesday, February 17th. Jefferies Financial Group set a $189.00 price objective on Agnico Eagle Mines in a report on Sunday, December 7th. Royal Bank Of Canada lowered shares of Agnico Eagle Mines from an “outperform” rating to a “sector perform” rating and raised their price objective for the company from $185.00 to $205.00 in a research note on Wednesday, December 10th. Finally, Wall Street Zen downgraded Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 31st. Three analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Agnico Eagle Mines currently has a consensus rating of “Moderate Buy” and an average price target of $234.91.

Agnico Eagle Mines Price Performance

Shares of NYSE AEM opened at $240.28 on Monday. The company has a market capitalization of $120.39 billion, a PE ratio of 27.06, a P/E/G ratio of 0.53 and a beta of 0.63. The company has a quick ratio of 1.33, a current ratio of 2.02 and a debt-to-equity ratio of 0.01. Agnico Eagle Mines has a twelve month low of $92.11 and a twelve month high of $240.82. The firm has a fifty day simple moving average of $196.35 and a 200 day simple moving average of $172.07.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its earnings results on Thursday, February 12th. The mining company reported $2.69 EPS for the quarter, topping the consensus estimate of $2.56 by $0.13. The business had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $3.40 billion. Agnico Eagle Mines had a net margin of 37.47% and a return on equity of 18.09%. The firm’s revenue was up 60.3% compared to the same quarter last year. During the same period last year, the company earned $1.26 EPS.

Institutional Trading of Agnico Eagle Mines

Institutional investors have recently added to or reduced their stakes in the company. Capital World Investors boosted its position in Agnico Eagle Mines by 2.8% in the 4th quarter. Capital World Investors now owns 21,338,277 shares of the mining company’s stock valued at $3,618,730,000 after buying an additional 572,473 shares during the period. Vanguard Group Inc. lifted its holdings in Agnico Eagle Mines by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 20,979,666 shares of the mining company’s stock worth $3,557,772,000 after buying an additional 309,717 shares during the period. Van ECK Associates Corp boosted its position in Agnico Eagle Mines by 21.6% during the 4th quarter. Van ECK Associates Corp now owns 17,225,477 shares of the mining company’s stock valued at $2,920,258,000 after acquiring an additional 3,062,705 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Agnico Eagle Mines by 5.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 11,712,397 shares of the mining company’s stock valued at $1,974,242,000 after acquiring an additional 602,489 shares during the period. Finally, TD Asset Management Inc grew its stake in Agnico Eagle Mines by 1.7% in the fourth quarter. TD Asset Management Inc now owns 9,665,456 shares of the mining company’s stock valued at $1,641,239,000 after purchasing an additional 165,263 shares during the last quarter. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. This is an increase from Agnico Eagle Mines’s previous quarterly dividend of $0.40. Agnico Eagle Mines’s dividend payout ratio is presently 18.02%.

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.