FY2027 EPS Estimates for TSE:AEM Raised by Erste Group Bank

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Erste Group Bank increased their FY2027 EPS estimates for shares of Agnico Eagle Mines in a research note issued on Friday, June 5th. Erste Group Bank analyst H. Engel now expects that the company will earn $19.53 per share for the year, up from their prior estimate of $18.89. Erste Group Bank has a “Hold” rating on the stock. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $5.50 per share.

A number of other analysts also recently commented on the stock. ATB Cormark Capital Markets upgraded shares of Agnico Eagle Mines from a “sector” rating to an “outperform” rating in a report on Monday, May 4th. National Bank Financial set a C$350.00 price objective on shares of Agnico Eagle Mines and gave the company an “outperform” rating in a report on Monday, May 25th. TD Securities increased their price objective on shares of Agnico Eagle Mines from C$241.00 to C$251.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. BMO Capital Markets increased their price target on shares of Agnico Eagle Mines from C$350.00 to C$370.00 in a research note on Wednesday, April 22nd. Finally, Barclays set a C$292.00 price target on shares of Agnico Eagle Mines and gave the company an “overweight” rating in a research report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$318.83.

Agnico Eagle Mines Stock Up 3.5%

AEM stock opened at C$219.94 on Friday. The company has a market cap of C$109.98 billion, a price-to-earnings ratio of 20.71, a PEG ratio of 22.97 and a beta of 1.75. The company has a current ratio of 3.15, a quick ratio of 0.89 and a debt-to-equity ratio of 1.21. Agnico Eagle Mines has a 12 month low of C$156.93 and a 12 month high of C$348.94. The firm has a 50-day moving average of C$263.43 and a two-hundred day moving average of C$267.90.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its quarterly earnings data on Thursday, April 30th. The company reported C$4.73 EPS for the quarter. The company had revenue of C$5.70 billion during the quarter. Agnico Eagle Mines had a net margin of 39.48% and a return on equity of 22.08%.

Agnico Eagle Mines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 15th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.8%. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 15.54%.

About Agnico Eagle Mines

Canadian-based and led, Agnico Eagle is Canada’s largest mining company and the second largest gold producer in the world, operating mines in Canada, Australia, Finland and Mexico. The Company is advancing a pipeline of high-quality development projects in these regions to support sustainable growth over the next decade. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading sustainability practices. Agnico Eagle was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.