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

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Analysts at Erste Group Bank increased their FY2027 earnings per share (EPS) estimates for shares of Agnico Eagle Mines in a research note issued to investors on Wednesday, August 5th. Erste Group Bank analyst H. Engel now expects that the company will earn $17.55 per share for the year, up from their previous forecast of $17.50. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $5.50 per share.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its earnings results on Wednesday, July 29th. The company reported C$4.33 EPS for the quarter. Agnico Eagle Mines had a net margin of 40.45% and a return on equity of 22.69%. The firm had revenue of C$5.53 billion for the quarter.

Several other analysts have also recently commented on AEM. National Bank Financial decreased their price target on shares of Agnico Eagle Mines from C$350.00 to C$275.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 14th. Stifel Nicolaus cut their price objective on Agnico Eagle Mines from C$350.00 to C$310.00 in a research report on Friday, July 17th. Jefferies Financial Group upgraded Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. ATB Cormark Capital Markets raised Agnico Eagle Mines from a “sector” rating to an “outperform” rating in a report on Monday, May 4th. Finally, Barclays decreased their target price on Agnico Eagle Mines from C$298.00 to C$266.00 in a research report on Thursday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Agnico Eagle Mines presently has a consensus rating of “Moderate Buy” and a consensus target price of C$295.33.

Agnico Eagle Mines Stock Performance

AEM opened at C$259.53 on Monday. The stock has a market capitalization of C$130.02 billion, a price-to-earnings ratio of 22.22, a PEG ratio of 22.97 and a beta of 1.83. The company has a fifty day moving average of C$221.93 and a 200 day moving average of C$257.88. Agnico Eagle Mines has a fifty-two week low of C$180.26 and a fifty-two week high of C$348.94. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.89 and a current ratio of 2.86.

Insider Activity at Agnico Eagle Mines

In related news, Director John Merfyn Roberts sold 1,000 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of C$244.66, for a total value of C$244,660.00. Following the completion of the transaction, the director owned 17,682 shares of the company’s stock, valued at approximately C$4,326,078.12. This trade represents a 5.35% decrease in their position. Insiders own 0.08% of the company’s stock.

Agnico Eagle Mines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Monday, June 1st. Agnico Eagle Mines’s dividend payout ratio is currently 14.55%.

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.