FY2026 Earnings Estimate for AEM Issued By Erste Group Bank

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Stock analysts at Erste Group Bank upped their FY2026 earnings per share (EPS) estimates for shares of Agnico Eagle Mines in a report released on Thursday, October 8th. Erste Group Bank analyst H. Engel now anticipates that the mining company will post earnings of $11.96 per share for the year, up from their previous estimate of $11.15. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $11.47 per share.

Other research analysts have also recently issued research reports about the company. Zacks Research raised Agnico Eagle Mines from a “strong sell” rating to a “hold” rating in a research note on Monday, September 7th. JPMorgan Chase & Co. raised their price target on Agnico Eagle Mines from $175.00 to $179.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Wall Street Zen lowered Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Jefferies Financial Group upgraded Agnico Eagle Mines from a “hold” rating to a “buy” rating and boosted their price objective for the company from $187.00 to $200.00 in a report on Monday, July 6th. Finally, Raymond James Financial cut their price objective on Agnico Eagle Mines from $230.00 to $225.00 and set an “outperform” rating on the stock in a research report on Friday, September 4th. Thirteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $225.62.

Agnico Eagle Mines Stock Down 1.3%

Shares of NYSE AEM opened at $185.82 on Wednesday. Agnico Eagle Mines has a 1 year low of $134.38 and a 1 year high of $255.24. The firm has a 50-day simple moving average of $194.38 and a two-hundred day simple moving average of $181.83. The company has a market cap of $94.20 billion, a P/E ratio of 15.90, a PEG ratio of 2.78 and a beta of 0.64. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.86 and a quick ratio of 2.02.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings results on Wednesday, July 29th. The mining company reported $3.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.89 by $0.16. The company had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.78 billion. Agnico Eagle Mines had a return on equity of 22.04% and a net margin of 40.44%. Agnico Eagle Mines’s revenue was up 35.0% on a year-over-year basis. During the same period last year, the company earned $1.94 earnings per share.

Institutional Investors Weigh In On Agnico Eagle Mines

Large investors have recently added to or reduced their stakes in the stock. Deutsche Bank AG purchased a new stake in Agnico Eagle Mines in the second quarter valued at approximately $1,362,158,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Agnico Eagle Mines in the 2nd quarter worth approximately $927,602,000. Bank of America Corp DE acquired a new position in Agnico Eagle Mines in the 2nd quarter worth approximately $844,096,000. The Manufacturers Life Insurance Company raised its position in Agnico Eagle Mines by 9.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 4,091,837 shares of the mining company’s stock worth $829,916,000 after buying an additional 338,486 shares during the last quarter. Finally, Amundi raised its position in Agnico Eagle Mines by 4.6% during the 1st quarter. Amundi now owns 3,533,877 shares of the mining company’s stock worth $717,306,000 after buying an additional 155,185 shares during the last quarter. 68.34% of the stock is owned by hedge funds and other institutional investors.

About Agnico Eagle Mines

Agnico Eagle Mines Limited (NYSE:AEM) is a Canadian gold mining company engaged in the exploration, development and production of gold, as well as related activities such as mineral processing and mine-site reclamation. The company’s principal product is gold, with silver and other byproducts also recovered from certain operations.

Founded in 1957 through the merger of Agnico Mines and Eagle Mines, Agnico Eagle has grown into one of the world’s largest gold producers. Its operating portfolio is concentrated in established mining regions, including the Canadian provinces of Ontario and Quebec, Nunavut in northern Canada, and Finland.