FY2027 EPS Estimate for Agnico Eagle Mines Raised by Analyst

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Research analysts at Erste Group Bank increased their FY2027 earnings per share (EPS) estimates for Agnico Eagle Mines in a report issued on Tuesday, September 8th. Erste Group Bank analyst H. Engel now anticipates that the company will post earnings of $17.49 per share for the year, up from their prior forecast of $17.43. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $5.50 per share.

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

Several other equities research analysts have also weighed in on the company. Barclays dropped their target price on Agnico Eagle Mines from C$298.00 to C$266.00 in a research report on Thursday, July 16th. Stifel Nicolaus lowered their price target on shares of Agnico Eagle Mines from C$350.00 to C$310.00 in a research report on Friday, July 17th. Jefferies Financial Group raised shares of Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. Finally, National Bank Financial cut their price objective 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 report on Tuesday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Agnico Eagle Mines has a consensus rating of “Moderate Buy” and a consensus target price of C$295.33.

Agnico Eagle Mines Trading Down 0.3%

TSE:AEM opened at C$273.76 on Monday. Agnico Eagle Mines has a 12-month low of C$188.48 and a 12-month high of C$348.94. The firm has a market capitalization of C$137.15 billion, a P/E ratio of 23.44, a P/E/G ratio of 22.97 and a beta of 2.02. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.86 and a quick ratio of 0.89. The business has a 50 day simple moving average of C$245.54 and a 200 day simple moving average of C$257.01.

Agnico Eagle Mines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 15th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Tuesday, September 1st. Agnico Eagle Mines’s dividend payout ratio is 14.55%.

Insiders Place Their Bets

In other Agnico Eagle Mines news, Director John Merfyn Roberts sold 1,500 shares of the stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of C$273.35, for a total transaction of C$410,025.00. Following the completion of the transaction, the director directly owned 16,182 shares of the company’s stock, valued at approximately C$4,423,349.70. This trade represents a 8.48% decrease in their position. 0.08% of the stock is owned by company insiders.

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.