FY2027 EPS Forecast for Agnico Eagle Mines Raised by Analyst

Agnico Eagle Mines Limited (NYSE:AEMFree Report) (TSE:AEM) – Research analysts at Erste Group Bank increased their FY2027 earnings estimates for shares of Agnico Eagle Mines in a note issued to investors on Tuesday, March 24th. Erste Group Bank analyst H. Engel now expects that the mining company will earn $14.13 per share for the year, up from their prior estimate of $14.00. Erste Group Bank has a “Hold” rating on the stock. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $4.63 per share.

Agnico Eagle Mines (NYSE:AEMGet Free Report) (TSE:AEM) last posted 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. Agnico Eagle Mines had a net margin of 37.47% and a return on equity of 18.09%. The firm had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $3.40 billion. During the same quarter last year, the firm earned $1.26 EPS. The company’s quarterly revenue was up 60.3% compared to the same quarter last year.

Several other research analysts have also recently weighed in on AEM. JPMorgan Chase & Co. cut their price objective on Agnico Eagle Mines from $248.00 to $235.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. TD Securities raised their target price on Agnico Eagle Mines from $241.00 to $251.00 and gave the company a “buy” rating in a research report on Tuesday, March 3rd. Raymond James Financial reiterated an “outperform” rating and set a $225.00 target price on shares of Agnico Eagle Mines in a research note on Wednesday, January 14th. Zacks Research raised shares of Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a report on Friday, February 27th. Finally, UBS Group restated a “neutral” rating and set a $240.00 price target on shares of Agnico Eagle Mines in a research report on Friday, January 30th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Agnico Eagle Mines currently has a consensus rating of “Moderate Buy” and a consensus price target of $234.91.

Check Out Our Latest Stock Report on Agnico Eagle Mines

Agnico Eagle Mines Stock Performance

AEM stock opened at $187.68 on Thursday. The company has a quick ratio of 1.33, a current ratio of 2.02 and a debt-to-equity ratio of 0.01. The firm has a market cap of $94.03 billion, a PE ratio of 21.13 and a beta of 0.61. The business has a 50 day moving average of $212.89 and a 200-day moving average of $183.93. Agnico Eagle Mines has a 12-month low of $94.77 and a 12-month high of $255.24.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. True Wealth Design LLC raised its stake in Agnico Eagle Mines by 381.3% in the 3rd quarter. True Wealth Design LLC now owns 154 shares of the mining company’s stock valued at $26,000 after acquiring an additional 122 shares during the period. Acumen Wealth Advisors LLC purchased a new stake in Agnico Eagle Mines during the fourth quarter valued at about $26,000. Twin Peaks Wealth Advisors LLC bought a new position in Agnico Eagle Mines during the second quarter worth about $29,000. Blue Bell Private Wealth Management LLC increased its stake in shares of Agnico Eagle Mines by 59.7% in the third quarter. Blue Bell Private Wealth Management LLC now owns 198 shares of the mining company’s stock worth $33,000 after purchasing an additional 74 shares in the last quarter. Finally, MCF Advisors LLC purchased a new position in shares of Agnico Eagle Mines in the third quarter worth about $34,000. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were given a $0.45 dividend. This is an increase from Agnico Eagle Mines’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Monday, March 2nd. Agnico Eagle Mines’s dividend payout ratio (DPR) is 20.27%.

Key Headlines Impacting Agnico Eagle Mines

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About Agnico Eagle Mines

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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.

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Earnings History and Estimates for Agnico Eagle Mines (NYSE:AEM)

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