Erste Group Bank Has Positive Outlook of AEM FY2027 Earnings

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Equities researchers at Erste Group Bank lifted their FY2027 earnings per share (EPS) estimates for Agnico Eagle Mines in a note issued to investors on Friday, June 5th. Erste Group Bank analyst H. Engel now forecasts that the mining company will earn $14.01 per share for the year, up from their prior estimate of $13.87. Erste Group Bank has a “Hold” rating on the stock. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $13.20 per share.

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

Other analysts have also recently issued reports about the company. ATB Cormark Capital Markets upgraded Agnico Eagle Mines from a “hold” rating to an “outperform” rating in a research note on Monday, May 4th. UBS Group reduced their price objective on Agnico Eagle Mines from $240.00 to $210.00 and set a “neutral” rating on the stock in a research note on Friday, March 27th. Canadian Imperial Bank of Commerce increased their price objective on Agnico Eagle Mines from C$304.00 to C$310.00 and gave the company an “outperform” rating in a research note on Tuesday, May 26th. Scotiabank reiterated an “outperform” rating and issued a $280.00 price objective on shares of Agnico Eagle Mines in a research note on Tuesday, February 17th. Finally, JPMorgan Chase & Co. increased their price objective on Agnico Eagle Mines from $220.00 to $222.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $236.08.

Agnico Eagle Mines Stock Up 3.4%

NYSE:AEM opened at $157.60 on Friday. The company has a quick ratio of 2.18, a current ratio of 3.15 and a debt-to-equity ratio of 0.01. The stock’s fifty day moving average is $191.02 and its two-hundred day moving average is $194.59. Agnico Eagle Mines has a 52 week low of $114.60 and a 52 week high of $255.24. The stock has a market capitalization of $78.88 billion, a price-to-earnings ratio of 14.81, a price-to-earnings-growth ratio of 3.35 and a beta of 0.56.

Hedge Funds Weigh In On Agnico Eagle Mines

Several hedge funds have recently made changes to their positions in the company. Capital World Investors grew its holdings in shares of Agnico Eagle Mines by 2.8% during the fourth quarter. Capital World Investors now owns 21,338,277 shares of the mining company’s stock worth $3,618,730,000 after purchasing an additional 572,473 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Agnico Eagle Mines by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 20,979,666 shares of the mining company’s stock worth $3,557,772,000 after purchasing an additional 309,717 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Agnico Eagle Mines by 21.6% during the fourth quarter. Van ECK Associates Corp now owns 17,225,477 shares of the mining company’s stock worth $2,920,258,000 after purchasing an additional 3,062,705 shares during the last quarter. TD Asset Management Inc grew its holdings in shares of Agnico Eagle Mines by 1.7% during the fourth quarter. TD Asset Management Inc now owns 9,665,456 shares of the mining company’s stock worth $1,641,239,000 after purchasing an additional 165,263 shares during the last quarter. Finally, Mackenzie Financial Corp grew its holdings in shares of Agnico Eagle Mines by 4.0% during the fourth quarter. Mackenzie Financial Corp now owns 8,687,624 shares of the mining company’s stock worth $1,489,509,000 after purchasing an additional 332,797 shares during the last quarter. Hedge funds and other 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.