Cormark Lifts Earnings Estimates for Agnico Eagle Mines

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Cormark boosted their FY2025 EPS estimates for shares of Agnico Eagle Mines in a note issued to investors on Monday, November 3rd. Cormark analyst R. Gray now expects that the mining company will post earnings of $8.05 per share for the year, up from their prior forecast of $6.34. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $4.63 per share. Cormark also issued estimates for Agnico Eagle Mines’ Q4 2025 earnings at $2.42 EPS, FY2026 earnings at $10.22 EPS and FY2027 earnings at $10.16 EPS.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings results on Wednesday, October 29th. The mining company reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.40. The company had revenue of $3.07 billion for 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 quarter in the previous year, the business posted $1.14 EPS.

Other equities analysts have also issued research reports about the company. Bank of America boosted their target price on Agnico Eagle Mines from $209.00 to $226.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. TD Securities boosted their target price on Agnico Eagle Mines from $154.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Raymond James Financial boosted their target price on Agnico Eagle Mines from $155.00 to $182.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. CIBC boosted their target price on Agnico Eagle Mines from $165.00 to $231.00 and gave the stock an “outperformer” rating in a research report on Friday, October 10th. Finally, Wall Street Zen raised Agnico Eagle Mines from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Five analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Agnico Eagle Mines presently has a consensus rating of “Buy” and a consensus price target of $184.50.

Agnico Eagle Mines Stock Performance

Shares of Agnico Eagle Mines stock opened at $155.95 on Wednesday. Agnico Eagle Mines has a 1 year low of $75.17 and a 1 year high of $187.50. The firm’s 50-day moving average is $160.25 and its 200 day moving average is $135.34. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.03 and a quick ratio of 1.16. The stock has a market cap of $78.36 billion, a price-to-earnings ratio of 22.77, a PEG ratio of 0.70 and a beta of 0.46.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. DAVENPORT & Co LLC bought a new position in shares of Agnico Eagle Mines during the 1st quarter valued at approximately $226,000. Bank of New York Mellon Corp boosted its position in shares of Agnico Eagle Mines by 1.2% during the 1st quarter. Bank of New York Mellon Corp now owns 485,317 shares of the mining company’s stock valued at $52,613,000 after acquiring an additional 5,717 shares during the last quarter. Private Trust Co. NA raised its holdings in Agnico Eagle Mines by 454.9% during the 1st quarter. Private Trust Co. NA now owns 283 shares of the mining company’s stock valued at $31,000 after buying an additional 232 shares during the period. OneDigital Investment Advisors LLC purchased a new stake in Agnico Eagle Mines during the 1st quarter valued at $234,000. Finally, Zurich Insurance Group Ltd FI raised its holdings in Agnico Eagle Mines by 32.6% during the 1st quarter. Zurich Insurance Group Ltd FI now owns 509,058 shares of the mining company’s stock valued at $55,214,000 after buying an additional 125,223 shares during the period. 68.34% of the stock is currently owned by institutional investors.

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.