Agnico Eagle Mines Ltd. AEM is the second largest gold miner on the planet. Analysts are chopping 2026 earnings estimates on this Zacks Rank #5 (Robust Promote) as gold costs retreat from their all-time highs.
Agnico Eagle Mines was based in 1957 and is headquartered in Toronto, Canada. It’s Canada’s largest gold miner and is the second largest gold miner on the planet. The corporate operates mines in Canada, Australia, Finland, and Mexico.
Analysts Lower Agnico Eagle Mines Earnings Estimates as Gold Costs Fall
Gold hit a brand new all-time excessive of $5,589 per ounce on Jan 28, 2026, however it has since retreated and has lately traded round $4,000 an oz.
Analysts have been attempting to maintain up with the affect of the value modifications for the gold miners. Earlier this 12 months, they have been elevating estimates on Agnico Eagle Mines as gold costs soared. Now, they’re chopping them to get in step with the falling gold value.
One estimate has been reduce for the second quarter 2026 within the final week. The Q2 Zacks Consensus is now searching for $2.98, down from $3.16 simply 60 days in the past.
Equally, analysts have been chopping full 12 months earnings estimates. 4 estimates have been slashed for 2026 within the final week, with seven being reduce within the prior 30 days.
The 2026 Zacks Consensus Estimate has fallen to $12.09 from $13.20 within the final 30 days.
These earnings cuts will produce a Zacks Rank of #5 (Robust Promote) as a result of there aren’t any analysts elevating estimates and the consensus estimate is falling.
Nevertheless, that is nonetheless earnings progress of 46% year-over-year as Agnico Eagle Mines made solely $8.28 final 12 months.
It’ll report second quarter 2026 outcomes on July 29, 2026.
Right here’s what it appears to be like like on the value and consensus chart.
Picture Supply: Zacks Funding Analysis
Shares of Agnico Eagle Mines Retreat from All-Time Highs
Shares of Agnico Eagle Mines soared to new all-time highs as gold costs rose above $5,000 per ounce earlier this 12 months.
However during the last 3 months, shares have retreated. Agnico Eagle Mines is down greater than the value of gold throughout that point.
Picture Supply: Zacks Funding Analysis
Nevertheless, the inventory is cheaper than ever. Agnico Eagle Mines trades with a ahead price-to-earnings (P/E) ratio of simply 11.7. A P/E below 15 often signifies worth.
Agnico Eagle Mines additionally takes its dedication to its shareholders significantly. It has paid a money dividend yearly since 1983. That dividend is at the moment yielding 1.3%.
Reminder, the Zacks Rank is a short-term advice of 1 to 3 months. It modifications when analysts revise their earnings estimates.
Watch these analyst earnings estimate revisions intently if gold inches again in direction of $5,000 per ounce. The Rank will turn out to be extra favorable if gold rises later this 12 months.
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Agnico Eagle Mines Restricted (AEM) : Free Inventory Evaluation Report
This text initially printed on Zacks Funding Analysis (zacks.com).
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.
