Erste Group Bank Has Weak Forecast for AEM FY2026 Earnings

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Research analysts at Erste Group Bank lowered their FY2026 earnings per share (EPS) estimates for shares of Agnico Eagle Mines in a note issued to investors on Friday, September 18th. Erste Group Bank analyst H. Engel now forecasts that the mining company will post earnings per share of $11.15 for the year, down from their prior forecast of $12.15. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $11.58 per share. Erste Group Bank also issued estimates for Agnico Eagle Mines’ FY2027 earnings at $12.50 EPS.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its earnings results on Wednesday, July 29th. The mining company reported $3.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.89 by $0.16. The company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.78 billion. Agnico Eagle Mines had a return on equity of 22.04% and a net margin of 40.44%.Agnico Eagle Mines’s quarterly revenue was up 35.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.94 EPS.

A number of other research firms also recently commented on AEM. Canadian Imperial Bank of Commerce set a $285.00 price objective on shares of Agnico Eagle Mines in a research note on Thursday, July 16th. Wall Street Zen lowered shares of Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Bank of America reduced their price target on shares of Agnico Eagle Mines from $302.00 to $240.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Royal Bank Of Canada lifted their price target on Agnico Eagle Mines from $210.00 to $225.00 and gave the stock a “sector perform” rating in a research note on Wednesday, September 16th. Finally, Weiss Ratings lowered Agnico Eagle Mines from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 2nd. Twelve investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Agnico Eagle Mines has an average rating of “Moderate Buy” and a consensus price target of $227.15.

Agnico Eagle Mines Stock Down 0.9%

AEM stock opened at $197.77 on Tuesday. 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 firm has a 50 day simple moving average of $180.41 and a 200-day simple moving average of $184.02. The company has a market capitalization of $100.25 billion, a P/E ratio of 16.92, a PEG ratio of 2.48 and a beta of 0.67. Agnico Eagle Mines has a twelve month low of $134.38 and a twelve month high of $255.24.

Institutional Trading of Agnico Eagle Mines

Institutional investors and hedge funds have recently modified their holdings of the business. Security National Bank of SO Dak acquired a new stake in shares of Agnico Eagle Mines during the 2nd quarter worth approximately $42,000. Wellington Altus USA Inc. grew its stake in Agnico Eagle Mines by 40.2% during the 2nd quarter. Wellington Altus USA Inc. now owns 555 shares of the mining company’s stock worth $86,000 after buying an additional 159 shares during the last quarter. Engineers Gate Manager LP grew its stake in Agnico Eagle Mines by 914.3% during the 2nd quarter. Engineers Gate Manager LP now owns 30,246 shares of the mining company’s stock worth $4,692,000 after buying an additional 27,264 shares during the last quarter. Cidel Asset Management Inc. increased its position in Agnico Eagle Mines by 795.3% in the second quarter. Cidel Asset Management Inc. now owns 123,011 shares of the mining company’s stock worth $19,106,000 after buying an additional 109,271 shares during the period. Finally, Integrated Wealth Concepts LLC boosted its holdings in shares of Agnico Eagle Mines by 31.2% during the second quarter. Integrated Wealth Concepts LLC now owns 9,045 shares of the mining company’s stock valued at $1,403,000 after acquiring an additional 2,150 shares during the period. 68.34% of the stock is owned by institutional investors and hedge funds.

About Agnico Eagle Mines

Agnico Eagle Mines Limited is a Canadian-based gold mining company engaged in the exploration, development and production of gold and other mineral resources. The company’s primary product is gold, with silver and other byproducts also recovered from certain operations. Its activities include operating mines, advancing development projects and conducting exploration to expand and replace mineral reserves.

Founded in 1957 through the merger of Agnico Mines and Eagle Mines, Agnico Eagle has grown into one of the world’s major gold producers.