Erste Group Bank Has Pessimistic View of AEM FY2026 Earnings

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Erste Group Bank reduced their FY2026 earnings per share estimates for shares of Agnico Eagle Mines in a note issued to investors on Wednesday, August 5th. Erste Group Bank analyst H. Engel now anticipates that the mining company will earn $12.16 per share for the year, down from their prior estimate of $12.23. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $11.69 per share.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its earnings results on Wednesday, July 29th. The mining company reported $3.05 EPS for the quarter, beating analysts’ consensus estimates of $2.89 by $0.16. The firm had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.78 billion. Agnico Eagle Mines had a return on equity of 22.04% and a net margin of 40.44%.Agnico Eagle Mines’s quarterly revenue was up 35.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.94 EPS.

A number of other analysts have also recently commented on AEM. Zacks Research cut Agnico Eagle Mines from a “hold” rating to a “strong sell” rating in a research report on Friday, July 17th. Citigroup decreased their price target on shares of Agnico Eagle Mines from $256.00 to $200.00 and set a “buy” rating on the stock in a research note on Monday, July 27th. ATB Cormark Capital Markets upgraded shares of Agnico Eagle Mines from a “hold” rating to an “outperform” rating in a report on Monday, May 4th. UBS Group cut their price objective on shares of 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. Finally, Jefferies Financial Group raised shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating and upped their price objective for the company from $187.00 to $200.00 in a research note on Monday, July 6th. Twelve equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $226.00.

Agnico Eagle Mines Stock Performance

NYSE AEM opened at $180.65 on Tuesday. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.01. Agnico Eagle Mines has a fifty-two week low of $130.04 and a fifty-two week high of $255.24. The business has a fifty day moving average of $155.80 and a 200-day moving average of $187.65. The stock has a market cap of $91.55 billion, a price-to-earnings ratio of 15.45, a price-to-earnings-growth ratio of 2.20 and a beta of 0.61.

Hedge Funds Weigh In On Agnico Eagle Mines

A number of large investors have recently modified their holdings of AEM. Acumen Wealth Advisors LLC acquired a new position in shares of Agnico Eagle Mines in the 4th quarter valued at about $26,000. Dunhill Financial LLC acquired a new stake in Agnico Eagle Mines during the 2nd quarter worth approximately $31,000. Jessup Wealth Management Inc acquired a new stake in Agnico Eagle Mines during the 4th quarter worth approximately $35,000. Allied Private Wealth LLC purchased a new position in Agnico Eagle Mines in the second quarter valued at approximately $36,000. Finally, Banque Cantonale Vaudoise acquired a new position in Agnico Eagle Mines during the fourth quarter valued at approximately $39,000. 68.34% of the stock is currently owned by hedge funds and other institutional investors.

Agnico Eagle Mines Company Profile

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.