FY2027 EPS Estimates for TSE:AEM Boosted by Erste Group Bank

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Investment analysts at Erste Group Bank upped their FY2027 earnings per share estimates for shares of Agnico Eagle Mines in a research note issued to investors on Wednesday, August 5th. Erste Group Bank analyst H. Engel now anticipates that the company will earn $17.55 per share for the year, up from their previous estimate of $17.50. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $5.50 per share.

A number of other research firms have also recently weighed in on AEM. JPMorgan Chase & Co. decreased their price target on Agnico Eagle Mines from C$321.00 to C$300.00 in a report on Thursday, April 23rd. ATB Cormark Capital Markets upgraded shares of Agnico Eagle Mines from a “sector” rating to an “outperform” rating in a research note on Monday, May 4th. 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 on the stock in a research report on Tuesday, July 14th. Stifel Nicolaus lowered their price target on shares of Agnico Eagle Mines from C$350.00 to C$310.00 in a report on Friday, July 17th. Finally, Jefferies Financial Group upgraded shares of Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Agnico Eagle Mines currently has an average rating of “Moderate Buy” and an average target price of C$295.33.

Agnico Eagle Mines Stock Performance

Shares of TSE:AEM opened at C$261.67 on Monday. The company has a market cap of C$131.09 billion, a P/E ratio of 22.40, a PEG ratio of 22.97 and a beta of 1.83. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.89 and a current ratio of 2.86. Agnico Eagle Mines has a one year low of C$180.26 and a one year high of C$348.94. The business’s 50-day simple moving average is C$221.19 and its 200 day simple moving average is C$258.19.

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

Agnico Eagle Mines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, June 1st. Agnico Eagle Mines’s dividend payout ratio (DPR) is currently 14.55%.

Insiders Place Their Bets

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