Scotiabank Issues Pessimistic Forecast for TSE:AEM Earnings

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Investment analysts at Scotiabank cut their FY2026 earnings per share (EPS) estimates for Agnico Eagle Mines in a research note issued on Wednesday, July 15th. Scotiabank analyst T. Jakusconek now expects that the company will post earnings of $15.91 per share for the year, down from their previous forecast of $16.79. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $5.50 per share. Scotiabank also issued estimates for Agnico Eagle Mines’ FY2027 earnings at $15.20 EPS.

Several other research firms also recently issued reports on AEM. Stifel Nicolaus decreased their price objective on shares of Agnico Eagle Mines from C$350.00 to C$310.00 in a research note on Friday. Erste Group Bank cut Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. BMO Capital Markets boosted their target price on Agnico Eagle Mines from C$350.00 to C$370.00 in a report on Wednesday, April 22nd. ATB Cormark Capital Markets raised Agnico Eagle Mines from a “sector” rating to an “outperform” rating in a research report on Monday, May 4th. Finally, National Bank Financial dropped their price target on Agnico Eagle Mines from C$350.00 to C$275.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$295.33.

Agnico Eagle Mines Price Performance

Shares of TSE:AEM opened at C$191.66 on Monday. Agnico Eagle Mines has a 12 month low of C$164.28 and a 12 month high of C$348.94. The firm has a market capitalization of C$95.84 billion, a P/E ratio of 18.05, a P/E/G ratio of 22.97 and a beta of 1.84. The company has a debt-to-equity ratio of 1.21, a current ratio of 3.15 and a quick ratio of 0.89. The company’s fifty day moving average price is C$229.92 and its 200 day moving average price is C$264.27.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its quarterly earnings results on Thursday, April 30th. The company reported C$4.73 earnings per share (EPS) for the quarter. The firm had revenue of C$5.70 billion during the quarter. Agnico Eagle Mines had a return on equity of 22.08% and a net margin of 39.48%.

Agnico Eagle Mines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were paid a dividend of $0.45 per share. The ex-dividend date was Monday, June 1st. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. Agnico Eagle Mines’s dividend payout ratio is 15.54%.

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.