Agnico Eagle Mines Limited (NYSE:AEM – Free Report) (TSE:AEM) – Equities researchers at Erste Group Bank raised their FY2026 EPS estimates for Agnico Eagle Mines in a research note issued to investors on Thursday, October 8th. Erste Group Bank analyst H. Engel now expects that the mining company will earn $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.
Agnico Eagle Mines (NYSE:AEM – Get Free Report) (TSE:AEM) last announced its quarterly earnings results on Wednesday, July 29th. The mining company reported $3.05 earnings per share for the quarter, topping the consensus estimate of $2.89 by $0.16. The company had revenue of $3.77 billion for 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%. The firm’s revenue for the quarter was up 35.0% compared to the same quarter last year. During the same period last year, the firm earned $1.94 EPS.
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Agnico Eagle Mines Stock Performance
Shares of AEM stock opened at $185.82 on Wednesday. The stock has a market cap of $94.20 billion, a PE ratio of 15.90, a price-to-earnings-growth ratio of 2.78 and a beta of 0.64. The business has a 50-day simple moving average of $194.38 and a 200-day simple moving average of $181.83. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.01. Agnico Eagle Mines has a 52-week low of $134.38 and a 52-week high of $255.24.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. Deutsche Bank AG purchased a new position in shares of Agnico Eagle Mines in the 2nd quarter valued at about $1,362,158,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Agnico Eagle Mines in the 2nd quarter worth about $927,602,000. Bank of America Corp DE acquired a new position in Agnico Eagle Mines in the 2nd quarter worth about $844,096,000. The Manufacturers Life Insurance Company raised its holdings in Agnico Eagle Mines by 9.0% in 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 purchasing an additional 338,486 shares during the period. Finally, Amundi boosted its position in Agnico Eagle Mines by 4.6% during the first quarter. Amundi now owns 3,533,877 shares of the mining company’s stock worth $717,306,000 after purchasing an additional 155,185 shares in the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.
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.
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