Scotiabank Issues Pessimistic Forecast for AEM Earnings

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Equities researchers at Scotiabank lowered their FY2026 earnings estimates for Agnico Eagle Mines in a research note issued to investors on Wednesday, July 15th. Scotiabank analyst T. Jakusconek now anticipates that the mining company will earn $11.32 per share for the year, down from their previous forecast of $11.81. Scotiabank currently has a “Sector Outperform” rating and a $260.00 target price on the stock. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $12.39 per share. Scotiabank also issued estimates for Agnico Eagle Mines’ FY2027 earnings at $10.82 EPS.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings results on Thursday, April 30th. The mining company reported $3.40 earnings per share for the quarter, beating analysts’ consensus estimates of $3.19 by $0.21. Agnico Eagle Mines had a net margin of 39.46% and a return on equity of 21.09%. The business had revenue of $4 billion during the quarter, compared to analyst estimates of $3.96 billion. During the same quarter last year, the business posted $1.53 earnings per share. Agnico Eagle Mines’s revenue for the quarter was up 66.1% compared to the same quarter last year.

AEM has been the subject of several other reports. Scotia lowered their target price on Agnico Eagle Mines from $280.00 to $278.00 and set a “sector outperform” rating for the company in a research note on Friday, July 3rd. ATB Cormark Capital Markets raised Agnico Eagle Mines from a “hold” rating to an “outperform” rating in a research note on Monday, May 4th. Canadian Imperial Bank of Commerce set a $285.00 price target on Agnico Eagle Mines in a report on Thursday. Jefferies Financial Group upgraded Agnico Eagle Mines from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $187.00 to $200.00 in a research report on Monday, July 6th. Finally, Weiss Ratings cut Agnico Eagle Mines from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 2nd. Twelve investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $233.62.

Agnico Eagle Mines Stock Down 0.3%

NYSE:AEM opened at $136.89 on Friday. The company has a market cap of $69.48 billion, a price-to-earnings ratio of 12.87, a P/E/G ratio of 1.81 and a beta of 0.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.18 and a current ratio of 3.15. The stock’s fifty day moving average price is $165.41 and its two-hundred day moving average price is $191.42. Agnico Eagle Mines has a 52-week low of $117.65 and a 52-week high of $255.24.

Institutional Trading of Agnico Eagle Mines

Institutional investors and hedge funds have recently made changes to their positions in the business. Brighton Jones LLC increased its holdings in Agnico Eagle Mines by 11.5% in the fourth quarter. Brighton Jones LLC now owns 3,216 shares of the mining company’s stock valued at $252,000 after purchasing an additional 331 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Agnico Eagle Mines by 36.4% during the 1st quarter. AQR Capital Management LLC now owns 19,829 shares of the mining company’s stock worth $2,150,000 after buying an additional 5,293 shares during the period. Sivia Capital Partners LLC grew its position in shares of Agnico Eagle Mines by 57.2% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,188 shares of the mining company’s stock worth $379,000 after buying an additional 1,160 shares during the period. Rhumbline Advisers raised its position in shares of Agnico Eagle Mines by 8.0% in the 2nd quarter. Rhumbline Advisers now owns 1,810 shares of the mining company’s stock valued at $215,000 after acquiring an additional 134 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in shares of Agnico Eagle Mines by 25.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 929 shares of the mining company’s stock valued at $110,000 after acquiring an additional 187 shares during the period. Institutional investors own 68.34% of the company’s stock.

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.