Brokers Set Expectations for TSE:AEM FY2027 Earnings

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Analysts at Erste Group Bank cut their FY2027 EPS estimates for Agnico Eagle Mines in a research report issued on Thursday, August 27th. Erste Group Bank analyst H. Engel now anticipates that the company will post earnings of $17.43 per share for the year, down from their prior estimate of $17.55. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $5.50 per share.

AEM has been the subject of a number of other reports. National Bank Financial reduced their target price on shares of Agnico Eagle Mines from C$350.00 to C$275.00 and set an “outperform” rating for the company in a research note on Tuesday, July 14th. Barclays cut their price target on Agnico Eagle Mines from C$298.00 to C$266.00 in a report on Thursday, July 16th. ATB Cormark Capital Markets raised Agnico Eagle Mines from a “sector” rating to an “outperform” rating in a research report on Monday, May 4th. Stifel Nicolaus decreased their price objective on Agnico Eagle Mines from C$350.00 to C$310.00 in a report on Friday, July 17th. Finally, Jefferies Financial Group raised Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$295.33.

Agnico Eagle Mines Trading Down 1.9%

Shares of TSE:AEM opened at C$281.23 on Tuesday. The firm has a market cap of C$140.89 billion, a price-to-earnings ratio of 24.08, a PEG ratio of 22.97 and a beta of 1.83. Agnico Eagle Mines has a 12 month low of C$188.48 and a 12 month high of C$348.94. The company’s fifty day simple moving average is C$233.05 and its 200 day simple moving average is C$259.26. The company has a quick ratio of 0.89, a current ratio of 2.86 and a debt-to-equity ratio of 1.12.

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

Agnico Eagle Mines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 15th will be issued a $0.45 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $1.80 annualized dividend and a dividend yield of 0.6%. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 14.55%.

Insider Buying and Selling at Agnico Eagle Mines

In other news, Director John Merfyn Roberts sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of C$244.66, for a total value of C$244,660.00. Following the completion of the transaction, the director owned 17,682 shares in the company, valued at C$4,326,078.12. This trade represents a 5.35% decrease in their position. 0.08% of the stock is owned by insiders.

Agnico Eagle Mines Company Profile

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.