Zacks Research Issues Pessimistic Outlook for AEM Earnings

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Analysts at Zacks Research cut their Q1 2028 earnings estimates for Agnico Eagle Mines in a research report issued on Wednesday, August 12th. Zacks Research analyst Team now anticipates that the mining company will post earnings of $2.97 per share for the quarter, down from their prior estimate of $3.20. Zacks Research currently has a “Strong Sell” rating on the stock. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $11.68 per share. Zacks Research also issued estimates for Agnico Eagle Mines’ Q2 2028 earnings at $3.02 EPS.

A number of other brokerages have also issued reports on AEM. ATB Cormark Capital Markets raised Agnico Eagle Mines from a “hold” rating to an “outperform” rating in a research report on Monday, May 4th. Scotia reduced their price target on Agnico Eagle Mines from $280.00 to $278.00 and set a “sector outperform” rating for the company in a report on Friday, July 3rd. JPMorgan Chase & Co. raised their price objective on Agnico Eagle Mines from $175.00 to $179.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Bank of America dropped their price objective on Agnico Eagle Mines from $302.00 to $240.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Finally, UBS Group cut their target price on Agnico Eagle Mines from $210.00 to $170.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 30th. Twelve analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $226.00.

Agnico Eagle Mines Stock Performance

Shares of AEM stock opened at $185.08 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.86 and a quick ratio of 2.02. The company’s fifty day moving average price is $156.13 and its two-hundred day moving average price is $187.29. The firm has a market capitalization of $93.79 billion, a P/E ratio of 15.83, a P/E/G ratio of 2.24 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.

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 for the quarter, beating the consensus estimate of $2.89 by $0.16. The business had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.78 billion. Agnico Eagle Mines had a net margin of 40.44% and a return on equity of 22.04%. The business’s quarterly revenue was up 35.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.94 earnings per share.

Institutional Trading of Agnico Eagle Mines

Several institutional investors and hedge funds have recently bought and sold shares of AEM. Acumen Wealth Advisors LLC acquired a new position in shares of Agnico Eagle Mines in the 4th quarter worth approximately $26,000. Dunhill Financial LLC acquired a new stake in shares of Agnico Eagle Mines during the 2nd quarter valued at approximately $31,000. Jessup Wealth Management Inc acquired a new stake in shares of Agnico Eagle Mines during the 4th quarter valued at approximately $35,000. University of Texas Texas AM Investment Management Co. boosted its holdings in Agnico Eagle Mines by 64.7% in the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 229 shares of the mining company’s stock worth $39,000 after purchasing an additional 90 shares during the period. Finally, Banque Cantonale Vaudoise acquired a new position in shares of Agnico Eagle Mines in the 4th quarter valued at about $39,000. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Company Profile

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.