Scotiabank Analysts Increase Earnings Estimates for AEM

Posted by George Bondi on Aug 7th, 2026

Agnico Eagle Mines Limited (NYSE:AEM – Free Report) (TSE:AEM) – Equities research analysts at Scotiabank boosted their FY2027 EPS estimates for Agnico Eagle Mines in a report released on Tuesday, August 4th. Scotiabank analyst T. Jakusconek now anticipates that the mining company will earn $10.87 per share for the year, up from their previous forecast of $10.82. Scotiabank has a “Sector Outperform” rating and a $260.00 price objective on the stock. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $11.69 per share.

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

Several other equities research analysts have also commented on AEM. Barclays cut their price target on shares of Agnico Eagle Mines from $210.00 to $188.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 15th. ATB Cormark Capital Markets raised Agnico Eagle Mines from a “hold” rating to an “outperform” rating in a report on Monday, May 4th. Weiss Ratings lowered Agnico Eagle Mines from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 2nd. Zacks Research cut Agnico Eagle Mines from a “hold” rating to a “strong sell” rating in a research report on Friday, July 17th. Finally, Bank of America reduced their target price on Agnico Eagle Mines from $302.00 to $240.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Twelve equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $226.00.

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Agnico Eagle Mines Trading Up 1.5%

Shares of Agnico Eagle Mines stock opened at $168.00 on Friday. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.01. The company has a fifty day simple moving average of $155.81 and a 200-day simple moving average of $187.98. The stock has a market cap of $85.14 billion, a price-to-earnings ratio of 14.37, a PEG ratio of 2.03 and a beta of 0.60. Agnico Eagle Mines has a 12-month low of $130.04 and a 12-month high of $255.24.

Institutional Investors Weigh In On Agnico Eagle Mines

Large investors have recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of Agnico Eagle Mines in the fourth quarter valued at approximately $1,367,783,000. Van ECK Associates Corp grew its stake in Agnico Eagle Mines by 21.6% in the 4th quarter. Van ECK Associates Corp now owns 17,225,477 shares of the mining company’s stock valued at $2,920,258,000 after acquiring an additional 3,062,705 shares during the last quarter. Alberta Investment Management Corp purchased a new position in Agnico Eagle Mines during the 4th quarter valued at about $194,195,000. Employees Provident Fund Board acquired a new position in Agnico Eagle Mines during the fourth quarter worth about $183,341,000. Finally, Bank of New York Mellon Corp acquired a new position in Agnico Eagle Mines during the second quarter worth about $156,942,000. Hedge funds and other institutional investors own 68.34% of the company’s stock.

More Agnico Eagle Mines News

Here are the key news stories impacting Agnico Eagle Mines this week:

Positive Sentiment: Near-record gold prices are supporting AEM. Coverage highlights bullion’s strength as a key reason Agnico Eagle is in focus. Higher gold prices can expand margins and reinforce investor interest in the company’s production portfolio. Is Agnico Eagle Rising as Gold Trades Near Records Today? Why Is Agnico Eagle Mines in the Spotlight as Bullion Sets Records?
Positive Sentiment: JPMorgan raised its AEM price target to $179. The target increase signals continued confidence in Agnico Eagle’s operating outlook and valuation, providing an additional catalyst for the shares. JPMorgan Boosts Agnico Eagle Mines Price Target
Positive Sentiment: Agnico Eagle completed a royalty acquisition from Prism Resources. The transaction adds a 7.5% net profit interest royalty covering properties in Ontario’s Porcupine Mining District. While financial details were not provided, the deal may strengthen AEM’s regional asset position and future development opportunities. Prism Resources Announces Closing of Royalty Sale to Agnico Eagle
Neutral Sentiment: Nearby exploration activity adds district-level interest but has limited immediate earnings impact. Opawica announced a permitted 10,000-metre drill program at Arrowhead, adjacent to AEM’s LaRonde Complex. Any discoveries could increase the strategic importance of the area, but the project belongs to Opawica and results remain uncertain. Opawica Explorations Arrowhead Drill Strategy

About Agnico Eagle Mines

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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.