FY2027 Earnings Estimate for AEM Issued By Erste Group Bank

Agnico Eagle Mines Limited (NYSE:AEMFree Report) (TSE:AEM) – Equities research analysts at Erste Group Bank dropped their FY2027 earnings per share (EPS) estimates for shares of Agnico Eagle Mines in a research report issued on Wednesday, July 15th. Erste Group Bank analyst H. Engel now forecasts that the mining company will post earnings per share of $13.72 for the year, down from their prior estimate of $13.79. Erste Group Bank has a “Hold” rating on the stock. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $12.44 per share.

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

Several other research analysts have also recently commented on the stock. Bank of America reduced their target price on shares of Agnico Eagle Mines from $302.00 to $240.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Royal Bank Of Canada cut their price target on shares of Agnico Eagle Mines from $230.00 to $210.00 and set a “sector perform” rating on the stock in a research report on Thursday, July 9th. ATB Cormark Capital Markets upgraded shares of Agnico Eagle Mines from a “hold” rating to an “outperform” rating in a research note on Monday, May 4th. UBS Group decreased their price objective on Agnico Eagle Mines from $210.00 to $170.00 and set a “neutral” rating for the company in a report on Tuesday, June 30th. Finally, Weiss Ratings downgraded Agnico Eagle Mines from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 2nd. Twelve equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $233.62.

View Our Latest Stock Analysis on Agnico Eagle Mines

Agnico Eagle Mines Price Performance

NYSE AEM opened at $137.24 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. Agnico Eagle Mines has a 12-month low of $116.83 and a 12-month high of $255.24. The company has a market capitalization of $69.66 billion, a PE ratio of 12.90, a price-to-earnings-growth ratio of 1.87 and a beta of 0.60. The firm’s 50 day moving average is $166.54 and its 200-day moving average is $191.80.

Hedge Funds Weigh In On Agnico Eagle Mines

Several institutional investors and hedge funds have recently made changes to their positions in the company. Brighton Jones LLC grew its holdings in Agnico Eagle Mines by 11.5% in the 4th quarter. Brighton Jones LLC now owns 3,216 shares of the mining company’s stock valued at $252,000 after buying an additional 331 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Agnico Eagle Mines by 36.4% during the first quarter. AQR Capital Management LLC now owns 19,829 shares of the mining company’s stock worth $2,150,000 after buying an additional 5,293 shares in the last quarter. Sivia Capital Partners LLC boosted its position in shares of Agnico Eagle Mines by 57.2% in the second quarter. Sivia Capital Partners LLC now owns 3,188 shares of the mining company’s stock valued at $379,000 after acquiring an additional 1,160 shares during the period. Rhumbline Advisers grew its stake in shares of Agnico Eagle Mines by 8.0% in the second quarter. Rhumbline Advisers now owns 1,810 shares of the mining company’s stock valued at $215,000 after acquiring an additional 134 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in Agnico Eagle Mines by 25.2% during the second quarter. EverSource Wealth Advisors LLC now owns 929 shares of the mining company’s stock worth $110,000 after acquiring an additional 187 shares during the period. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Company Profile

(Get Free Report)

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.

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Earnings History and Estimates for Agnico Eagle Mines (NYSE:AEM)

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