Scotiabank Predicts Higher Earnings for Agnico Eagle Mines

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Investment analysts at Scotiabank lifted their FY2025 earnings per share (EPS) estimates for shares of Agnico Eagle Mines in a report issued on Tuesday, October 28th. Scotiabank analyst T. Jakusconek now expects that the mining company will earn $8.11 per share for the year, up from their prior forecast of $7.29. Scotiabank currently has a “Outperform” rating 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’ FY2026 earnings at $9.36 EPS.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings results on Wednesday, October 29th. The mining company reported $2.16 EPS for the quarter, topping the consensus estimate of $1.76 by $0.40. The business had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $2.93 billion. Agnico Eagle Mines had a net margin of 32.62% and a return on equity of 15.97%. During the same period last year, the company posted $1.14 earnings per share.

Several other analysts have also issued reports on the company. CIBC increased their price objective on Agnico Eagle Mines from $165.00 to $231.00 and gave the stock an “outperformer” rating in a report on Friday, October 10th. Weiss Ratings lowered Agnico Eagle Mines from a “buy (a)” rating to a “buy (b+)” rating in a research report on Friday, October 24th. TD Securities lifted their price target on Agnico Eagle Mines from $154.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. UBS Group boosted their price target on Agnico Eagle Mines from $160.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Finally, Raymond James Financial raised their price objective on shares of Agnico Eagle Mines from $155.00 to $182.00 and gave the company an “outperform” rating in a research report on Friday, October 10th. Five investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $184.50.

Agnico Eagle Mines Trading Down 1.1%

Shares of NYSE:AEM opened at $160.80 on Friday. The firm has a fifty day moving average of $159.41 and a two-hundred day moving average of $134.62. The firm has a market capitalization of $80.79 billion, a P/E ratio of 23.47, a price-to-earnings-growth ratio of 0.70 and a beta of 0.46. Agnico Eagle Mines has a 12-month low of $75.17 and a 12-month high of $187.50. The company has a quick ratio of 1.16, a current ratio of 2.03 and a debt-to-equity ratio of 0.03.

Hedge Funds Weigh In On Agnico Eagle Mines

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pure Portfolios Holdings LLC lifted its stake in shares of Agnico Eagle Mines by 1.6% in the third quarter. Pure Portfolios Holdings LLC now owns 3,781 shares of the mining company’s stock worth $637,000 after buying an additional 60 shares during the last quarter. HB Wealth Management LLC raised its holdings in Agnico Eagle Mines by 1.2% in the 3rd quarter. HB Wealth Management LLC now owns 5,640 shares of the mining company’s stock worth $951,000 after acquiring an additional 69 shares during the period. Union Bancaire Privee UBP SA lifted its position in Agnico Eagle Mines by 1.6% during the 3rd quarter. Union Bancaire Privee UBP SA now owns 4,446 shares of the mining company’s stock worth $749,000 after acquiring an additional 72 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its position in Agnico Eagle Mines by 59.7% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 198 shares of the mining company’s stock worth $33,000 after acquiring an additional 74 shares during the last quarter. Finally, Evergreen Capital Management LLC boosted its holdings in Agnico Eagle Mines by 0.9% during the second quarter. Evergreen Capital Management LLC now owns 8,232 shares of the mining company’s stock valued at $979,000 after acquiring an additional 77 shares during the period. Institutional investors and hedge funds own 68.34% of the company’s stock.

About Agnico Eagle Mines

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.