Brokers Set Expectations for AEM FY2028 Earnings

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) – Zacks Research issued their FY2028 earnings per share estimates for Agnico Eagle Mines in a research note issued on Wednesday, February 25th. Zacks Research analyst Team expects that the mining company will post earnings of $12.29 per share for the year. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $4.63 per share.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings results on Thursday, February 12th. The mining company reported $2.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.56 by $0.13. Agnico Eagle Mines had a net margin of 37.47% and a return on equity of 18.09%. The company had revenue of $3.53 billion during the quarter, compared to analyst estimates of $3.40 billion. During the same period last year, the firm posted $1.26 EPS. Agnico Eagle Mines’s revenue for the quarter was up 60.3% compared to the same quarter last year.

Several other equities research analysts have also commented on AEM. Canadian Imperial Bank of Commerce set a $296.00 price target on shares of Agnico Eagle Mines and gave the company an “outperform” rating in a report on Wednesday, February 4th. Jefferies Financial Group set a $189.00 price objective on Agnico Eagle Mines in a report on Sunday, December 7th. TD Securities set a $251.00 target price on Agnico Eagle Mines and gave the stock a “buy” rating in a research note on Tuesday, February 17th. JPMorgan Chase & Co. dropped their target price on Agnico Eagle Mines from $248.00 to $235.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th. Finally, Royal Bank Of Canada downgraded Agnico Eagle Mines from an “outperform” rating to a “sector perform” rating and boosted their price target for the company from $185.00 to $205.00 in a report on Wednesday, December 10th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $234.91.

Agnico Eagle Mines Stock Down 1.4%

NYSE:AEM opened at $240.63 on Thursday. The firm has a market capitalization of $120.56 billion, a P/E ratio of 27.10, a PEG ratio of 0.57 and a beta of 0.63. Agnico Eagle Mines has a 1-year low of $92.11 and a 1-year high of $245.81. The company’s fifty day moving average price is $199.36 and its 200-day moving average price is $173.31. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.02 and a quick ratio of 1.33.

Agnico Eagle Mines Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be issued a $0.45 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This is an increase from Agnico Eagle Mines’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 0.7%. Agnico Eagle Mines’s dividend payout ratio is 18.02%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Salvus Wealth Management LLC grew its stake in Agnico Eagle Mines by 0.9% in the 4th quarter. Salvus Wealth Management LLC now owns 6,301 shares of the mining company’s stock valued at $1,068,000 after acquiring an additional 57 shares during the period. Brookwood Investment Group LLC grew its position in shares of Agnico Eagle Mines by 4.5% in the fourth quarter. Brookwood Investment Group LLC now owns 1,361 shares of the mining company’s stock valued at $231,000 after purchasing an additional 58 shares during the period. Baron Wealth Management LLC grew its position in shares of Agnico Eagle Mines by 3.2% in the fourth quarter. Baron Wealth Management LLC now owns 1,879 shares of the mining company’s stock valued at $319,000 after purchasing an additional 59 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Agnico Eagle Mines by 1.1% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,266 shares of the mining company’s stock worth $893,000 after purchasing an additional 59 shares in the last quarter. Finally, Pure Portfolios Holdings LLC raised its position in shares of Agnico Eagle Mines by 1.6% during the 3rd quarter. Pure Portfolios Holdings LLC now owns 3,781 shares of the mining company’s stock worth $637,000 after purchasing an additional 60 shares during the last quarter. 68.34% of the stock is owned by institutional investors and hedge funds.

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.