Erste Group Bank Brokers Decrease Earnings Estimates for AEM

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Erste Group Bank dropped their FY2026 earnings estimates for shares of Agnico Eagle Mines in a report released on Thursday, April 2nd. Erste Group Bank analyst H. Engel now expects that the mining company will post earnings of $14.20 per share for the year, down from their previous estimate of $14.22. Erste Group Bank currently has a “Hold” rating on the stock. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $4.63 per share. Erste Group Bank also issued estimates for Agnico Eagle Mines’ FY2027 earnings at $14.23 EPS.

AEM has been the subject of a number of other research reports. TD Securities boosted their price objective on shares of Agnico Eagle Mines from $241.00 to $251.00 and gave the company a “buy” rating in a report on Tuesday, March 3rd. Scotiabank reissued an “outperform” rating and issued a $280.00 price objective on shares of Agnico Eagle Mines in a report on Tuesday, February 17th. Raymond James Financial reissued an “outperform” rating and issued a $225.00 price objective on shares of Agnico Eagle Mines in a report on Wednesday, January 14th. Wall Street Zen raised shares of Agnico Eagle Mines from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 21st. Finally, UBS Group cut their price objective on shares of Agnico Eagle Mines from $240.00 to $210.00 and set a “neutral” rating for the company in a report on Friday, March 27th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Agnico Eagle Mines has a consensus rating of “Moderate Buy” and a consensus target price of $232.18.

Agnico Eagle Mines Stock Performance

Shares of AEM stock opened at $216.41 on Thursday. The company has a market capitalization of $108.43 billion, a price-to-earnings ratio of 24.37 and a beta of 0.71. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 2.02. The company has a 50-day simple moving average of $212.03 and a 200 day simple moving average of $187.55. Agnico Eagle Mines has a 52 week low of $103.38 and a 52 week high of $255.24.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its earnings results on Thursday, February 12th. The mining company reported $2.69 EPS for the quarter, topping the consensus estimate of $2.56 by $0.13. The business had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.40 billion. Agnico Eagle Mines had a net margin of 37.47% and a return on equity of 18.09%. Agnico Eagle Mines’s revenue was up 60.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.26 EPS.

Agnico Eagle Mines Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Monday, March 2nd. This is a boost from Agnico Eagle Mines’s previous quarterly dividend of $0.40. Agnico Eagle Mines’s dividend payout ratio is presently 20.27%.

Hedge Funds Weigh In On Agnico Eagle Mines

Several hedge funds and other institutional investors have recently made changes to their positions in the company. McAlvany Wealth Management LLC acquired a new position in shares of Agnico Eagle Mines in the 4th quarter valued at approximately $6,288,000. Up Capital Management Inc. acquired a new position in shares of Agnico Eagle Mines in the 4th quarter valued at approximately $342,000. Purpose Unlimited Inc. acquired a new position in shares of Agnico Eagle Mines in the 4th quarter valued at approximately $581,000. Rockefeller Capital Management L.P. raised its position in shares of Agnico Eagle Mines by 99.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 37,051 shares of the mining company’s stock valued at $6,281,000 after buying an additional 18,486 shares in the last quarter. Finally, World Investment Advisors raised its position in shares of Agnico Eagle Mines by 23.1% in the 4th quarter. World Investment Advisors now owns 5,389 shares of the mining company’s stock valued at $914,000 after buying an additional 1,010 shares in the last quarter. 68.34% of the stock is currently owned by institutional investors and hedge funds.

About Agnico Eagle Mines

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.