What is Erste Group Bank’s Estimate for AEM FY2027 Earnings?

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Analysts at Erste Group Bank reduced their FY2027 EPS estimates for shares of Agnico Eagle Mines in a research note issued to investors on Thursday, June 25th. Erste Group Bank analyst H. Engel now expects that the mining company will earn $13.79 per share for the year, down from their previous forecast of $14.01. Erste Group Bank has a “Hold” rating on the stock. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $13.22 per share.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its 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 for the quarter, compared to analysts’ expectations of $3.96 billion. Agnico Eagle Mines had a net margin of 39.46% and a return on equity of 21.09%. The company’s revenue was up 66.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.53 earnings per share.

AEM has been the topic of several other research reports. TD raised their price objective on Agnico Eagle Mines from $251.00 to $252.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. JPMorgan Chase & Co. increased their target price on Agnico Eagle Mines from $220.00 to $222.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. UBS Group cut their price target on Agnico Eagle Mines from $210.00 to $170.00 and set a “neutral” rating on the stock in a research note on Tuesday. Zacks Research cut Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Finally, Weiss Ratings cut Agnico Eagle Mines from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $232.75.

Agnico Eagle Mines Stock Down 0.3%

Shares of NYSE:AEM opened at $154.62 on Thursday. Agnico Eagle Mines has a 52-week low of $115.19 and a 52-week high of $255.24. The company has a market capitalization of $78.48 billion, a PE ratio of 14.53, a price-to-earnings-growth ratio of 3.40 and a beta of 0.56. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.18 and a current ratio of 3.15. The company has a fifty day moving average of $176.53 and a 200-day moving average of $193.92.

Hedge Funds Weigh In On Agnico Eagle Mines

A number of hedge funds have recently modified their holdings of the business. Acumen Wealth Advisors LLC bought a new stake in shares of Agnico Eagle Mines in the fourth quarter worth $26,000. Abound Wealth Management raised its position in Agnico Eagle Mines by 99.0% during the 4th quarter. Abound Wealth Management now owns 209 shares of the mining company’s stock worth $35,000 after purchasing an additional 104 shares during the last quarter. Lodestone Wealth Management LLC acquired a new position in Agnico Eagle Mines during the 4th quarter worth about $35,000. Jessup Wealth Management Inc acquired a new position in Agnico Eagle Mines during the 4th quarter worth about $35,000. Finally, Bangor Savings Bank acquired a new position in Agnico Eagle Mines during the 4th quarter worth about $37,000. 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-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.