What is Scotiabank’s Forecast for TSE:AEM FY2027 Earnings?

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Equities researchers at Scotiabank reduced their FY2027 earnings per share (EPS) estimates for shares of Agnico Eagle Mines in a research note issued on Wednesday, May 6th. Scotiabank analyst T. Jakusconek now forecasts that the company will post earnings per share of $16.47 for the year, down from their previous estimate of $16.54. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $5.50 per share.

AEM has been the topic of several other research reports. National Bank Financial lifted their target price on Agnico Eagle Mines from C$345.00 to C$350.00 and gave the company a “sector outperform” rating in a research note on Monday. JPMorgan Chase & Co. reduced their price objective on Agnico Eagle Mines from C$321.00 to C$300.00 in a research note on Thursday, April 23rd. TD Securities lifted their price objective on Agnico Eagle Mines from C$241.00 to C$251.00 and gave the stock a “buy” rating in a research note on Tuesday, February 17th. BMO Capital Markets lifted their price objective on Agnico Eagle Mines from C$350.00 to C$370.00 in a research note on Wednesday, April 22nd. Finally, ATB Cormark Capital Markets raised Agnico Eagle Mines from a “sector” rating to an “outperform” rating in a research note on Monday. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$324.20.

Agnico Eagle Mines Stock Up 6.6%

Shares of AEM opened at C$259.22 on Thursday. The business’s 50 day moving average is C$288.05 and its 200 day moving average is C$265.00. The company has a market capitalization of C$129.62 billion, a PE ratio of 24.41, a price-to-earnings-growth 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 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 (TSE:AEM) (NYSE:AEM) last issued its earnings results on Thursday, April 30th. The company reported C$4.73 earnings per share (EPS) for the quarter. The company 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%.

Agnico Eagle Mines Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 16th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Monday, March 2nd. This is a positive change from Agnico Eagle Mines’s previous quarterly dividend of $0.40. Agnico Eagle Mines’s dividend payout ratio is presently 15.54%.

Insider Buying and Selling at Agnico Eagle Mines

In other news, insider Guy Gosselin sold 4,947 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of C$310.00, for a total transaction of C$1,533,570.00. Following the transaction, the insider owned 31,381 shares of the company’s stock, valued at approximately C$9,728,110. The trade was a 13.62% decrease in their position. Corporate insiders own 0.08% of the company’s stock.

About Agnico Eagle Mines

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.