Erste Group Bank Has Negative Opinion of AEM FY2027 Earnings

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Stock analysts at Erste Group Bank reduced their FY2027 EPS estimates for Agnico Eagle Mines in a research note issued to investors on Thursday, October 8th. Erste Group Bank analyst H. Engel now anticipates that the mining company will post earnings of $12.35 per share for the year, down from their prior estimate of $12.50. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $11.46 per share.

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

A number of other research analysts have also commented on the stock. Bank of America cut their price objective on shares of Agnico Eagle Mines from $302.00 to $240.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Zacks Research raised Agnico Eagle Mines from a “strong sell” rating to a “hold” rating in a research report on Monday, September 7th. JPMorgan Chase & Co. lifted their target price on Agnico Eagle Mines from $175.00 to $179.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. UBS Group boosted their price target on Agnico Eagle Mines from $170.00 to $190.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Citigroup cut their price target on Agnico Eagle Mines from $256.00 to $200.00 and set a “buy” rating for the company in a report on Monday, July 27th. Thirteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $225.62.

Agnico Eagle Mines Stock Performance

NYSE AEM opened at $188.47 on Tuesday. The company’s fifty day moving average is $193.68 and its two-hundred day moving average is $181.87. Agnico Eagle Mines has a 52-week low of $134.38 and a 52-week high of $255.24. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.86 and a quick ratio of 2.02. The firm has a market capitalization of $95.55 billion, a price-to-earnings ratio of 16.12, a P/E/G ratio of 2.37 and a beta of 0.64.

Institutional Investors Weigh In On Agnico Eagle Mines

Institutional investors and hedge funds have recently bought and sold shares of the business. QRG Capital Management Inc. boosted its position in shares of Agnico Eagle Mines by 4.1% during the 2nd quarter. QRG Capital Management Inc. now owns 1,460 shares of the mining company’s stock valued at $226,000 after acquiring an additional 58 shares in the last quarter. Avidian Wealth Enterprises LLC increased its stake in Agnico Eagle Mines by 1.5% in the third quarter. Avidian Wealth Enterprises LLC now owns 4,362 shares of the mining company’s stock valued at $800,000 after acquiring an additional 63 shares during the period. University of Texas Texas AM Investment Management Co. raised its position in Agnico Eagle Mines by 64.7% in the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 229 shares of the mining company’s stock worth $39,000 after purchasing an additional 90 shares in the last quarter. Versant Capital Management Inc raised its position in Agnico Eagle Mines by 4.7% in the third quarter. Versant Capital Management Inc now owns 2,249 shares of the mining company’s stock worth $412,000 after purchasing an additional 100 shares in the last quarter. Finally, Blue Trust Inc. raised its position in Agnico Eagle Mines by 2.9% in the first quarter. Blue Trust Inc. now owns 3,641 shares of the mining company’s stock worth $739,000 after purchasing an additional 101 shares in the last quarter. Institutional investors own 68.34% of the company’s stock.

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.