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In its upcoming report, Agnico Eagle Mines (AEM - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $2.44 per share, reflecting an increase of 13% compared to the same period last year. Revenues are forecasted to be $3.55 billion, representing a year-over-year increase of 16.1%.

Over the last 30 days, there has been a downward revision of 8.9% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.

Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.

While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.

In light of this perspective, let's dive into the average estimates of certain Agnico metrics that are commonly tracked and forecasted by Wall Street analysts.

The collective assessment of analysts points to an estimated 'Revenue from mine operations- Quebec- LaRonde' of $354.33 million. The estimate suggests a change of +60% year over year.

Analysts forecast 'Revenue from mine operations- Quebec- Canadian Malartic' to reach $512.17 million. The estimate indicates a year-over-year change of -5.8%.

Analysts predict that the 'Revenue from mine operations- Quebec- Goldex' will reach $129.52 million. The estimate indicates a year-over-year change of +19.8%.

The consensus estimate for 'Revenue from mine operations- Nunavut- Meliadine' stands at $415.13 million. The estimate suggests a change of +55.3% year over year.

It is projected by analysts that the 'Payable production - Gold (ounces) - Total Gold' will reach $855021.6 ounces. Compared to the current estimate, the company reported $866936.0 ounces in the same quarter of the previous year.

According to the collective judgment of analysts, 'Payable production - Gold (ounces) - Quebec - LaRonde' should come in at $108855.0 ounces. Compared to the current estimate, the company reported $59172.0 ounces in the same quarter of the previous year.

Based on the collective assessment of analysts, 'Payable production - Gold (ounces) - Quebec - Canadian Malartic' should arrive at $123973.9 ounces. Compared to the present estimate, the company reported $156875.0 ounces in the same quarter last year.

The combined assessment of analysts suggests that 'Payable production - Gold (ounces) - Quebec - Goldex' will likely reach $29140.7 ounces. Compared to the current estimate, the company reported $29375.0 ounces in the same quarter of the previous year.

The average prediction of analysts places 'Payable production - Gold (ounces) - Nunavut - Meliadine' at $98676.7 ounces. Compared to the current estimate, the company reported $93836.0 ounces in the same quarter of the previous year.

Analysts expect 'Payable production - Gold (ounces) - Nunavut - Meadowbank' to come in at $130094.8 ounces. The estimate compares to the year-ago value of $136152.0 ounces.

Analysts' assessment points toward 'Payable production - Gold (ounces) - Finland - Kittila' reaching $59698.0 ounces. The estimate is in contrast to the year-ago figure of $57954.0 ounces.

The consensus among analysts is that 'Payable production - Gold (ounces) - Ontario - Detour Lake' will reach $181852.9 ounces. The estimate compares to the year-ago value of $176539.0 ounces.

View all Key Company Metrics for Agnico here>>>

Shares of Agnico have demonstrated returns of -9.1% over the past month compared to the Zacks S&P 500 composite's -1.2% change. With a Zacks Rank #4 (Sell), AEM is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Agnico Eagle Mines (AEM - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.

Shares of this gold mining company have returned -4.2% over the past month versus the Zacks S&P 500 composite's no change. The Zacks Mining - Gold industry, to which Agnico belongs, has lost 10% over this period. Now the key question is: Where could the stock be headed in the near term?

Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.

Revisions to Earnings EstimatesRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.

Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.

For the current quarter, Agnico is expected to post earnings of $2.45 per share, indicating a change of +13.4% from the year-ago quarter. The Zacks Consensus Estimate has changed -7.9% over the last 30 days.

For the current fiscal year, the consensus earnings estimate of $11.47 points to a change of +38.5% from the prior year. Over the last 30 days, this estimate has remained unchanged.

For the next fiscal year, the consensus earnings estimate of $11.12 indicates a change of -3.1% from what Agnico is expected to report a year ago. Over the past month, the estimate has changed -1.1%.

Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Agnico is rated Zacks Rank #4 (Sell).

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Projected Revenue GrowthEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.

For Agnico, the consensus sales estimate for the current quarter of $3.53 billion indicates a year-over-year change of +15.5%. For the current and next fiscal years, $15.05 billion and $14.62 billion estimates indicate +26.4% and -2.9% changes, respectively.

Last Reported Results and Surprise HistoryAgnico reported revenues of $3.8 billion in the last reported quarter, representing a year-over-year change of +35%. EPS of $3.05 for the same period compares with $1.94 a year ago.

Compared to the Zacks Consensus Estimate of $3.86 billion, the reported revenues represent a surprise of -1.56%. The EPS surprise was +5.54%.

The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period.

ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.

Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.

As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Agnico is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Agnico. However, its Zacks Rank #4 does suggest that it may underperform the broader market in the near term.

Toronto, Ontario--(Newsfile Corp. - October 22, 2026) - White Gold Corp. (TSXV: WGO) (OTCQX: WHGOF) (FSE: 29W) ("White Gold") is pleased to announce that further to its press releases dated August 28, 2026 and May 5, 2026, that its wholly-owned subsidiary, W2 Critical Minerals Corp. ("W2") has closed the first (the "First Tranche") and second (the "Second Tranche") tranches of its non-brokered private placement offering for gross proceeds of up to $10 million (the "Offering") of subscription receipts (the "Subscription Receipts"). The balance of the Offering is fully subscribed and will be closed in due course.

Toronto, Ontario--(Newsfile Corp. - October 20, 2026) - White Gold Corp. (TSXV: WGO) (OTCQX: WHGOF) (FSE: 29W) ("White Gold" or the "Company") is pleased to announce results from the first diamond drill holes completed as part of the Company's fully funded 2026 exploration program at its flagship White Gold Project, located in the White Gold District of the Yukon, Canada (Figure 1). The initial assays from the 2026 drill program have intersected significant high grade gold mineralization in multiple lenses on both the Golden Saddle and VG deposits and successfully validate the Company's belief that these deposits remain open for continued growth that will further enhance its recently published robust Preliminary Economic Assessment (the "PEA") which delivered a C$1.86 Billion After-Tax NPV, 41% IRR and 1.5 Year Payback (see the Company's news release dated September 25, 2026)(5). The 2026 diamond drill program supported by strategic partners including Agnico Eagle Mines Limited (TSX: AEM) (NYSE: AEM) is the Company's largest ever on its flagship deposits, and equivalent to approximately 20% of the roughly 92,000 metres drilled across Golden Saddle, Arc, VG, and Ryan's Surprise deposits prior to 2026. This news release reports the first set of diamond drillhole results from the Golden Saddle and VG deposits. Assays are pending from an additional 49 holes which were designed to increase known resources and make new discoveries on the White Gold Project and will be released in due course.

Highlights

Golden Saddle High-Grade Core Expanded ~50m: Hole WHTGS26D0219 intersected 1.47 g/t Au over 38.08m from 397.12m, including 5.13 g/t Au over 7.88m, extending the high-grade core of the main zone approximately 50m to the west, at a vertical depth of 300m - well within the resource pit shell (Figure 4). This hole also builds on the success of WHTGS25D0216 drilled in 2025 which also successfully expanded high-grade gold mineralization, returning 3.23 g/t Au over 56.10 m at a vertical depth of 350m and was not included in the current resource or PEA. Golden Saddle Additional Zones: The same hole WHTGS26D0219 also returned 1.16 g/t Au over 12.60m in the shallow hanging wall mineralization from 140.5m, and 4.05 g/t Au over 1.97m in the footwall, expanding and highlighting the continued potential for stacked zones above and below the main zone. VG Mineralization Extended from 230m to 320m Down-Plunge: Hole QV26-026 intersected 2.53 g/t Au over 18.90m from 172.1m, and hole QV26-024 intersected 0.71 g/t Au over 38.45m, including 1.14 g/t Au over 6.18m. Together these holes extend drilled mineralization at VG well beyond the previous deepest intercept in QV13-010 and beyond the limits of the current mineral resource estimate, over a strike length of approximately 150m (Figure 3). VG Historical High-grade Intercept Now Connected to Resource: The 2026 holes importantly also bridge an approximately 120m gap to historical hole QV13-011 which returned 2.43 g/t Au over 21.36m, including 3.40 g/t Au over 12.54m(1) establishing continuity of mineralization at VG to approximately 350m down-plunge, which remains open.Outlook: All four deposits of the White Gold Project remain open in multiple directions. Results from these holes will be incorporated into future mineral resource updates. Assays are pending from 49 additional diamond drill holes from the 2026 program designed to expand the know deposits and make new discoveries in close proximity, and will be released with additional detail in due course."Further to the very strong PEA recently released, these initial results are another major accomplishment in our goal of making 2026 a transformative year for White Gold Corp. Successfully intersecting high grade gold in multiple areas validates our conviction that the White Gold Project has the potential to continue to grow substantially and that we are in the early days of demonstrating the abundant mineralization at the White Gold Project and across our truly district scale land package in the prolific White Gold District. With these early results and our observations on the additional holes drilled in 2026, we are very optimistic about the potential for meaningful additional growth and look forward to all the additional results from this significantly larger program," stated David D'Onofrio, Chief Executive Officer.

"These results continue to show the significant growth potential of our flagship White Gold Project," stated Donovan Politt, President and Director. "At Golden Saddle, hole 219 has expanded the high-grade core of the Main Zone by about 50 metres, which supports our view that this is one of the highest-grade undeveloped open-pitable gold deposits in Canada. At VG, the 2026 holes to date have already pushed mineralization well beyond the footprint of its current resource while also intersecting grades higher than many historical holes at similar elevations, with more holes to come. Just as importantly, they also bridge the gap to the high-grade intercept in QV13-011, which takes drilled mineralization at VG to about 350 meters down-plunge. VG is growing, and we see it as a significant source of potential new high-grade ounces for our next resource update. With every deposit still open, and a lot more results to come, we look forward to building on this momentum as we continue to grow ounces across the project."

"Similar to the idea behind hole 216 in 2025, hole 219 in 2026 was designed to test the western extent of the high-grade core at Golden Saddle, and it delivered both strong grade and width where the model predicted," stated Dylan Langille, Vice President of Exploration. "This positive result further validates the technical team's interpretations of structures and controls on high-grade ore shoots and overall mineralization. At VG, holes QV26-024 and QV26-026 confirm that mineralization continues further down-plunge and bridge a gap of approximately 120 metres to the historical QV13-011 intercept which is not in the current resource.

Figure 1: White Gold Corp. Property Portfolio

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Figure 2 - Drill Plan Collar Map (White Property)

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Figure 3 - Drill Plan Collar Map (QV Property)

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The White Gold Project

The Company's flagship White Gold project hosts four near-surface gold deposits (The Golden Saddle, Arc, Ryan's Surprise & VG Deposits) which collectively contain a resource estimate of 1,732,300 ounces of gold in indicated resources (35.2 million tonnes grading 1.53 grams per tonne gold) and 1,265,900 ounces of gold in inferred resources (32.3 million tonnes grading 1.22 g/t Au) (see the Company's news release dated October 6, 2025)(1). The 2026 Diamond Drill program was designed to drilled each of these deposits and new targets in close proximity to demonstrate the continued growth potential. Initial results from the Golden Saddle and VG deposits are reported in this press release.

Golden Saddle Deposit Drill Results

Hole WHTGS26D0219 was drilled at an azimuth of 161.6° and a dip of -57.7° to a final depth of 777.3 m to test the western extension of the high-grade core of the Golden Saddle Main Zone. The hole intersected 1.47 g/t Au over 38.08 m from 397.12 m depth, including 5.13 g/t Au over 7.88 m, with a higher-grade core of 10.48 g/t Au over 2.88 m (Figure 4). The intercept extends the high-grade (greater than 5 g/t Au) core of the Main Zone approximately 50 m to the west and is expected to extend and upgrade the surrounding blocks within the current mineral resource model. The main zone intercept is hosted in intensely sericite-silica altered and brecciated felsic orthogneiss with gold hosted in quartz-pyrite veins (Figure 6). The high-grade core coincides with the most strongly veined portion of the zone, comprising the strongest pyrite mineralization disseminations, along fractures, and on vein margins.

Figure 4 - Golden Saddle Long Section through High-Grade Main Zone

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Figure 6 - Core photos hole WHTGS26D0219 with assays marked

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Above the Main Zone, hole WHTGS26D0219 intersected several hanging wall zones, including 1.16 g/t Au over 12.60 m from 140.50 m and 1.36 g/t Au over 2.50 m from 196.00 m. The hanging wall zones occur within hematite and sericite altered biotite-feldspar-quartz gneiss cut by pyrite-bearing quartz veins. Below the Main Zone, the hole intersected two footwall intervals: 0.61 g/t Au over 10.80 m from 635.00 m and 4.05 g/t Au over 1.97 m from 657.40 m. The 4.05 g/t Au interval corresponds to the footwall breccia, an intensely silicified, dark grey to black, clast-supported breccia hosted in a strongly sericite-carbonate altered, quartz-rich felsic unit with graphite-filled fractures (Figure 5). All intervals are shown in Table 1.

Figure 5 - Golden Saddle Cross Section hole WHTGS26D0219

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VG Deposit Drill Results

The 2026 drilling at VG was designed to test the down-plunge continuity of the deposit beyond the limits of the current mineral resource estimate (Figure 7). Prior to this program, the deepest intercept within the VG deposit block model was in hole QV13-010, approximately 230m down-plunge from surface. Historical hole QV13-011 intersected 2.43 g/t Au over 21.36 m, including 3.40 g/t Au over 12.54 m ⁽¹⁾, approximately 350 m down-plunge. However, an approximately 120 m gap in the drilling left QV13-011 isolated from the modelled mineralization and as such it was excluded in the resource. The 2026 holes were designed to test this gap and successfully intersected broad zones of gold mineralization well beyond the 230m limit. QV26-026 intersected 2.53 g/t Au over 18.90 m from 172.10 m, including 4.27 g/t Au over 2.43 m and 4.57 g/t Au over 1.84m, approximately 320 m down-plunge. This interval is higher grade than many historical holes at a similar elevation, demonstrating the continuation of strong grades at depth. It also extends the mineralization approximately 45m east of the current block model. QV26-024, collared about 175m to the west, intersected an upper interval of 0.64 g/t Au over 3.32 m from 201.70 m, followed by 0.71 g/t Au over 38.45 m from 244.55 m, including 1.14 g/t Au over 6.18 m, approximately 300 m down-plunge. Together, the two holes extend continuous mineralization at VG from approximately 230m to 320m down-plunge over a strike length of approximately 150m.

Figure 7 - 3D View of the VG Deposit and 2026 drill results

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In hole QV26-026, mineralization is hosted in strongly sericite-chlorite-silica altered biotite-feldspar-quartz gneiss cut by abundant quartz carbonate veins and veinlets, with 1-5% disseminated pyrite throughout the interval (Figure 8). Both higher grade sub-intervals are associated with increased albite alteration.

Figure 8 - Core photos hole QV26-026 with assays marked

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With the gap now drilled, QV13-011 can be tied into the VG geological model, establishing continuity of mineralization from approximately 230 m to 350 m down-plunge. Based on the search parameters used in the current mineral resource estimate, this has the potential to extend the VG resource from approximately 310 m to 430 m down-plunge, subject to an updated mineral resource estimate. VG remains open down-plunge. The growth zone shown in Figure 7 is interpretive and will be tested by future drilling and incorporated into future mineral resource updates.

Table 1: Highlighted Drill Intervals

Hole IDFrom (m)To (m)Length 
(m)⁽²⁾Au (g/t)Zone / CommentGolden Saddle - WHTGS26D0219WHTGS26D021948.5050.001.500.59Hanging Wall
65.0066.501.500.87Hanging Wall
140.50153.1012.601.16Hanging Wall
196.00198.502.501.36Hanging Wall
289.27294.004.730.39Hanging Wall
397.12435.2038.081.47Main Zoneincl.397.70405.587.885.13Main Zone - high-grade coreincl.402.70405.582.8810.48Main Zone - high-grade core
462.10463.000.900.64Footwall
488.55489.350.800.68Footwall
559.30560.100.800.50Footwall
563.10563.940.840.47Footwall
635.00645.8010.800.61Footwall
657.40659.371.974.05Footwall
671.40672.441.040.96FootwallVG DepositQV26-026172.10191.0018.902.53Down-plunge extensionincl.172.10174.532.434.27
and178.16180.001.844.57
QV26-024201.70205.023.320.64

244.55283.0038.450.71Down-plunge extensionincl.270.02276.206.181.14
QV13-011 ⁽¹⁾218.24239.6021.362.43Historical (2013) - tied inincl.218.24230.7812.543.40Historical (2013)(2) Reported intervals are core lengths. True widths are estimated at 80-95 % of core length at Golden Saddle and 90-95 % at VG.

Table 2: Drill Collar Information

Hole IDDepositEasting (m)Northing (m)Elevation (m)Azimuth (°)Dip (°)Depth (m)WHTGS26D0219Golden Saddle5762167005606926161.6-57.7773QV26-024VG5742747016341571136.8-58.5346QV26-026VG5744387016404533160.4-58.6305QV13-011 ⁽¹⁾VG (historical)5743667016360546160-75300.53(1) Historical drill hole QV13-011 was completed by Comstock Metals Ltd. in 2013. Results were previously disclosed in the NI 43-101 Technical Report on the QV Project, White Gold District, Yukon Territory (Pautler and Shahkar, effective June 30, 2014), as 1.36 g/t Au over 42.6 m. The interval reported in this release was calculated by the Company from the original assay data contained in the Company's drill hole database, which was also used for the August 19, 2025, Mineral Resource Estimate. Historical intervals are reported as core lengths. The QP has verified the historical data by [reviewing the original drill logs and assay certificates] and considers it reliable for the purposes of this disclosure.

Analytical Methods & QA/QC

Diamond drilling on the White Gold Property consisted of NQ size drill core, which was cut in half on site using a diamond saw. Analytical work on the half core was performed by Bureau Veritas, an internationally recognized analytical services provider, at its South Vancouver, British Columbia laboratory. Sample preparation was carried out at its Whitehorse, Yukon prep facility and then shipped to BV's Vancouver, BC facility for analysis. All diamond drill core samples were prepared using the PRP70-250 package, where samples are weighed, dried, and crushed to greater than 70% passing a 2mm sieve, then pulverized to greater than 85% passing 75 microns. Samples were analyzed by method FA430 (30g fire assay with AAS finish) for gold, and by package MA250 (0.25g, 4 acid digestion and ICP-MS analysis) for ultra-trace multi-element ICP. Samples returning greater than 10 g/t Au were re-analyzed by 30 g fire assay with gravimetric finish.

The work was completed using industry standard procedures, including a quality assurance/quality control ("QA/QC") program consisting of insertion of standard, blank, and duplicate samples into the sample stream. BV also runs a comprehensive QA/QC program of standards, duplicates, and blanks within each sample stream.

Golden Saddle Deposit

The Golden Saddle contains an open-pit resource of 1.614 M oz Indicated (31.03 Mt @ 1.62 g/t Au) and 268.7 k oz Inferred (7.84 Mt @ 1.07 g/t Au) defined by 210 drill holes for a total of approximately 61,000 meters (1)(2). In 2026 we completed 6,451 m from 12 drill holes, representing a 10% increase to meters drilled on the Golden Saddle deposit. Drilling tested down plunge extension of the high-grade ore body (695,000 oz Indicated (4.4 Mt @ 4.88 g/t Au)), parallel zones of mineralization in both the hanging wall and footwall zones, and growth along strike toward Golden Saddle West. In addition, a targeted program to relog and sample previously unsampled core from the footwall and hanging wall host rocks is underway, offering strong potential for additional resource growth.

VG Deposit

The VG deposit comprises 296,000 oz Inferred (6.285 Mt @ 1.46 g/t Au) defined by 65 drill holes for a total of approximately 7,600 meters (1)(2). In 2026 we completed 2909.3 metres from 9 holes, representing a roughly 38% increase to the meters drilled on the VG Deposit. Prior to 2026, gold mineralization was modelled to a maximum vertical depth of 200 m, with the geometry of the modelled mineralization being cone shaped due to limited drilling across the deposit. This year's drilling has successfully tested down-plunge growth of the current resource, with QV26-026 and QV26-024 intersecting gold mineralization up to approximately 90m down-plunge beyond the previous deepest intercept (QV13-010) and at or beyond the limits of the current resource model. Seven of nine holes have assays pending.

Ryan's Surprise

The mineralization footprint at the Ryan's Surprise deposit measures approximately 550 m north-south by 500 m east-west to a vertical depth of 650 m and remains open along strike and at depth. To date, the Ryan's Surprise deposit contains 280,300 oz Inferred (5.693 Mt @ 1.53 g/t Au) defined by 35 drill holes for a total of approximately 8,370 meters (1)(2). In 2026 we completed 4823.4 metres from 15 holes, representing a roughly 57% increase to the metres drill on the Ryan's Surprise zone. Drilling focused on roughly 50 to 75-meter step outs east and west to extend mineralization along strike. Ryan's Surprise is located 1.5 km west of the Golden Saddle deposit, along a 6.5 km long x 1 km wide north-northwest trend of anomalous gold and arsenic in soils ("Ryan's Trend"), which also hosts several other prospective early-stage targets in close proximity with significant surface gold mineralization and represent further potential for expansion of this project.

Arc Deposit

The Arc deposit contains 115,800 oz Indicated (4.113 Mt @ 0.88 g/t Au) and 397,000 oz Inferred (12.25 Mt @ 1.01 g/t) across a 1.5 km strike length and down to an average vertical depth of approximately 100 m defined by 73 drill holes for a total of approximately 15,000 m (1)(2). Limited drilling on mineralization, particularly below 120 m vertical, presents a significant potential growth opportunity to add additional ounces to the mineral resource estimate in additional to expansion in other directions. In 2026 we completed 1029 metres from 4 holes, representing a roughly 7% increase to the meters drilled on the Arc deposit. Drill focused on nearest surface ounce growth on the west side of the arc deposit.

2026 Drill Program - Near Resource Discovery Opportunities

Multiple days of prospecting and mapping have been completed to further evaluate discovery stage targets across the White property identified with a combination of geophysics, elevated Au in soil anomalies, regional structural mapping, and surface geochemistry signatures. A large suite of hand specimens has been collected and sent to the lab for analysis.

Golden Saddle 2.0

The Golden Saddle 2.0 target represents one of the highest-priority near-resource growth opportunities on the White Gold Project. Located approximately 2.5 km east-southeast of the Golden Saddle deposits, this target sits on the south side of the east-west strike-slip sinistral fault that acts as a primary structural control on the Golden Saddle and Arc deposits (Figure X).

Extensive spatial and geophysical analysis reveals that Golden Saddle 2.0 possesses a geological and geophysical signature remarkably similar to Golden Saddle. The target is defined by distorted, high-gradient magnetic signature where north-south trending magnetic lineaments - interpreted as thrust faults - intersect the main east-west sinistral fault. This fault-intersection geometry creates a classic dilatational "sweet spot" for orogenic gold mineralization, characterized by near-fault brecciation and a low-pressure environment ideal for fluid flow and gold precipitation. The area is further supported by mapped ultramafic units and a robust gold-in-soil anomaly that trends east west, like Golden Saddle. Collected 2026 rock samples demonstrated a suite of lithologies, alterations, structural fabrics, and mineralization compared to the Golden Saddle deposit, which refined drill targeting in 2026. Nine holes totalling 2,643.95 metres were drilled across the target area with assays still pending.

VG East Target

Situated roughly 1.3 km ENE of the currently defined nearly 300,000-ounce Au VG Deposit, this target sits on the south side of the same structure responsible for the mineralization seen at VG. A 500-meter by 200-meter-high Au-in-soil anomaly that remains yet to be drilled. Current interpretation suggests faulting potentially displaced a portion of the VG deposit to the East. Four holes totalling 953 m were drilled at VG East in 2026, the first drilling on this target; assays are pending.

Qualified Person

Dylan Langille, P.Geo. and Vice President of Exploration for the Company is a "qualified person" as defined under National Instrument 43-101 - Standards of Disclosure of Mineral Projects and has reviewed and approved the content of this news release.

About White Gold Corp.

The Company owns a portfolio of 15,364 quartz claims across 19 properties covering 303,001 hectares (3,030 km²) representing approximately 40% of the Yukon's emerging White Gold District. The Company's flagship White Gold Project hosts four near-surface gold deposits (Golden Saddle, Arc, VG and Ryan's Surprise). A Preliminary Economic Assessment ("PEA") on the White Gold Project outlines a 9.4-year, 12,000 tonne per day open pit operation producing an average of 188,000 ounces of gold per year (223,000 ounces per year over the first five years), with an after-tax NPV(5%) of C$1.86 billion, an after-tax IRR of 41% and a 1.5-year payback period at a base case gold price of US$3,600/oz (see the Company's news release dated September 25, 2026)(5)(2). Regional exploration work has also produced several other new discoveries and prospective targets on the Company's claim packages which border sizable gold discoveries including the Coffee Project owned by Talamore Mining (formerly Fuerte Metals) with Measured and Indicated Resources of 80.2 Mt grading 1.15 g/t Au for 2.96 million ounces of gold, and Inferred Resources of 21.2 Mt grading 1.17 g/t Au for 0.80 million ounces of gold (3)(2), and Western Copper and Gold Corporation's Casino Project which has Measured and Indicated Resources of 2,490.7 Mt grading 0.18 g/t Au, 0.14% Cu for 14.8 million ounces of gold and 7.6 billion pounds of copper, and Inferred Resources of 1,412.5 Mt grading 0.14 g/t Au, 0.10% Cu for 6.3 million ounces of gold and 3.1 billion pounds of copper (4)(2). The Company is strategically supported by its major shareholder Agnico Eagle Mines Limited. For more information visit www.whitegoldcorp.ca.

(1) See White Gold Corp. technical report titled "2025 Technical Report for the White Gold Project, Dawson Range, Yukon, Canada", Effective Date August 19, 2025, Report Date August 19, 2025, NI 43-101 Compliant Technical Report prepared by Gilles Arseneau, P.Geo., available on SEDAR+.

(2) All numbers are rounded. Overall numbers may not be exact due to rounding.

(3) See Fuerte Metals press release titled "Fuerte Announces Transformational Acquisition of the Coffee Project from Newmont Corporation" dated September 15, 2025.

(4) See Western Copper and Gold Corporation technical report titled "Casino project, Form 43-101F1 Technical Report Feasibility Study, Yukon Canada", Effective Date June 13, 2022, Issue Date August 8, 2022, NI 43-101 Compliant Technical Report prepared by Daniel Roth, PE, P.Eng., Mike Hester, F Aus IMM, John M. Marek, P.E., Laurie M. Tahija, MMSA-QP, Carl Schulze, P.Geo., Daniel Friedman, P.Eng., Scott Weston, P.Geo., available on SEDAR+.

(5) See White Gold Corp. technical report titled "Preliminary Economic Assessment, White Gold Project, Yukon" Effective Date November 1, 2025, Report Date September 24, 2026 NI-43101 Compliant Technical Report prepared by Brandon Chambers, P.Eng., Tad Crowie, P.Eng., Tysen Hantelmann, P.Eng., Michael Levy, P.E., Gilles Arseneau, P.Geo., Danial Ruane, P.Eng., available on SEDAR+.

PEA Cautionary Statement: The reader is advised that the PEA summarized in this news release is only a conceptual study of the potential viability of the White Gold Project, and the economic and technical viability of the White Gold Project and its estimated Mineral Resources has not been demonstrated. The PEA is preliminary in nature and provides only an initial, high-level review of the White Gold Project's potential and design options; there is no certainty that the PEA will be realized. The PEA conceptual mine plan and economic model include numerous assumptions and Mineral Resource estimates including Inferred Mineral Resource estimates. Inferred Mineral Resource estimates are considered to be too speculative geologically to have any economic considerations applied to such estimates. There is no guarantee that Inferred Mineral Resource estimates will be converted to Indicated or Measured Mineral Resources, or that Indicated or Measured Mineral Resources can be converted to Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability, and as such there is no guarantee the White Gold Project economics described herein will be achieved.

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "proposed", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, the Company's objectives, goals and exploration activities conducted and proposed to be conducted at the Company's properties; future growth potential of the Company, including whether any proposed exploration programs at any of the Company's properties will be successful; exploration results; and future exploration plans and costs and financing availability.

These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include:

The expected benefits to the Company relating to the exploration conducted and proposed to be conducted at the White Gold properties; failure to identify any additional mineral resources or significant mineralization; the preliminary nature of metallurgical test results; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on the Company's properties; business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining and mineral exploration; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); the unlikelihood that properties that are explored are ultimately developed into producing mines; geological factors; actual results of current and future exploration; changes in project parameters as plans continue to be evaluated; soil sampling results being preliminary in nature and are not conclusive evidence of the likelihood of a mineral deposit; title to properties; and those factors described under the heading "Risks Factors" in the Company's annual information form dated July 29, 2020 available on SEDAR+. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

Request Meeting: https://calendly.com/meet-with-wgo/15min

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/319915

Source: White Gold Corp.

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In the latest trading session, Agnico Eagle Mines (AEM - Free Report) closed at $187.61, marking a -1.01% move from the previous day. This change lagged the S&P 500's 0.41% gain on the day. At the same time, the Dow lost 0.07%, and the tech-heavy Nasdaq gained 1.11%.

Coming into today, shares of the gold mining company had lost 4.99% in the past month. In that same time, the Basic Materials sector lost 3.62%, while the S&P 500 gained 1.46%.

Market participants will be closely following the financial results of Agnico Eagle Mines in its upcoming release. The company plans to announce its earnings on October 28, 2026. The company is predicted to post an EPS of $2.51, indicating a 16.2% growth compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.53 billion, up 15.49% from the year-ago period.

For the full year, the Zacks Consensus Estimates are projecting earnings of $11.56 per share and revenue of $15.05 billion, which would represent changes of +39.61% and +26.4%, respectively, from the prior year.

It is also important to note the recent changes to analyst estimates for Agnico Eagle Mines. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 0.16% fall in the Zacks Consensus EPS estimate. Agnico Eagle Mines is currently a Zacks Rank #3 (Hold).

In the context of valuation, Agnico Eagle Mines is at present trading with a Forward P/E ratio of 16.4. This indicates a premium in contrast to its industry's Forward P/E of 11.6.

It is also worth noting that AEM currently has a PEG ratio of 2.78. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Mining - Gold industry currently had an average PEG ratio of 1.28 as of yesterday's close.

The Mining - Gold industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 211, placing it within the bottom 15% of over 250 industries.

The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.

Following a multi-year bull market that saw gold prices explode, the precious metal has been mired in a slump. Since hitting its all-time high (ATH) in January 2026, gold has fallen 22%.

While long-term catalysts—including geopolitical instability, record-high government debt, and persistently high inflation—remain in place, short-term headwinds have prevented gold from rebounding, even after a nearly 18% rally from its year-to-date (YTD) low on July 16 through the end of August.

More recently, a higher-than-expected Consumer Price Index reading for September shifted the odds in favor of another rate hike this year, putting downward pressure on gold prices. According to the CME FedWatch Tool, futures markets now indicate an 88% probability that the Federal Reserve's benchmark interest rate will be higher by its December meeting.

Get Barrick Mining alerts:

So it’s no surprise that gold stocks have taken a beating this year. But for two senior mining companies—Barrick Mining NYSE: B and Agnico Eagle Mines NYSE: AEM—an extremely bullish pattern just popped up on their respective one-year charts, hinting that a rebound could be on the horizon.

Why Golden Cross Patterns Could Signal a Gold Mining Stock ReboundA golden cross is a technical chart pattern that occurs when a short-term moving average (often a 50-day moving average) crosses above a long-term moving average (often a 200-day moving average). The signal can foretell a bullish breakout, and when supported by high trading volume, the crossover is generally considered a more reliable bullish indicator.

It’s worth noting that for gold itself, that pattern has not shown up on the one-year chart. Prices of the precious metal remain in a downtrend since its late-summer rally fizzled out on Aug. 25.

However, over the medium term, gold prices and gold mining stocks exhibit a strong correlation that typically ranges from 0.75 to 0.85, meaning that 75% to 85% of the time they tend to move in the same direction.

For the following two stocks, the emergence of golden cross patterns last week could be an indication that the precious metal’s prices are soon to follow a bullish reversal.

Analysts Are Bullish on Barrick’s Gold—And Its AI-Critical CopperBarrick Mining Today

B

Barrick Mining

$40.79 +0.24 (+0.60%)

As of 10/16/2026 03:59 PM Eastern

This is a fair market value price provided by Massive. Learn more.

$30.35▼

$54.691.72%

10.51

$52.82

Barrick Mining, formerly Barrick Gold, is a global mining company that focuses primarily on the exploration, development, and production of gold and copper, the latter of which is a critical component to the AI trade.

But the company’s gold operations are what has made Barrick famous among gold bugs, and why the miner has amassed a nearly $64 billion market cap.

Its gold mines are located in Nevada, Canada, the Dominican Republic, Mali, Côte d’Ivoire, Tanzania and the Democratic Republic of the Congo, while its copper presence spans Zambia, Chile, and Saudi Arabia.

Barrick’s stock has suffered this year. Since reaching its all-time high, which nearly coincided with gold’s all-time high in January, shares are down around 27%.

Barrick Mining Corporation (B) Price Chart for Sunday, October, 18, 2026

But analysts are bullish on the company’s performance over the next year. Of the 20 analysts covering the stock, 16 assign it a Buy rating. Overall, the stock carries a consensus Moderate Buy rating alongside a consensus price target that implies more than 30% upside potential from current prices.

When Barrick reported Q2 earnings, it beat expectations on both fronts, reporting earnings per share (EPS) of 82 cents versus the 81-cent consensus estimate and revenue of $5.29 billion versus the $5.1 billion forecast.

The company’s trailing price-to-earnings (P/E) ratio of 10.02 may appeal to value-oriented investors, and its EPS is expected to grow 14.66% next year from $3.48 per share to $3.99 per share.

Barrick is set to release its Q3 earnings on Nov. 9 before market open.

Agnico Eagle's Earnings Strengthen the Case for a ReboundAgnico Eagle Mines Today

AEM

Agnico Eagle Mines

$189.34 +1.78 (+0.95%)

As of 10/16/2026 03:59 PM Eastern

This is a fair market value price provided by Massive. Learn more.

$134.38▼

$255.240.95%

16.20

$222.08

With a market cap of nearly $90 billion, Agnico Eagle Mines is one of the world’s largest gold producers.

Based in Canada, the company is engaged in the exploration, development and production of gold, mineral processing, and mine-site reclamation.

However, its principal product remains gold, with silver and other byproducts also recovered from certain operations providing secondary revenue streams.

The Toronto-based company’s portfolio is concentrated in established mining regions, including the Canadian provinces of Ontario and Quebec, Nunavut in northern Canada, and Finland. It also maintains exploration and development interests designed to extend the life and potential of its mineral properties.

Shares of AEM have also been under pressure this year. From their ATH on March 2, the stock has lost nearly 30%.

Agnico Eagle Mines Limited (AEM) Price Chart for Sunday, October, 18, 2026

But analysts are similarly bullish on Agnico Eagle, with a consensus price target implying nearly 22% upside from current levels. The stock carries a consensus Moderate Buy rating with 13 of the 17 covering the stock assigning it a Buy rating.

Agnico Eagle's Q2 earnings were strong, with EPS of $3.05 surpassing analyst expectations of $2.89. Revenue also topped estimates, reaching $3.80 billion against a consensus forecast of $3.78 billion and marking a 35% year-over-year increase. The company also generated a record quarterly free cash flow of $1.3 billion and produced approximately 856,000 ounces of gold.

Agnico Eagle Mines will release Q3 financials on Oct. 28 after market close.

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Agnico Eagle Mines (AEM - Free Report) closed at $189.02 in the latest trading session, marking a +2.8% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.6%. Elsewhere, the Dow gained 0.83%, while the tech-heavy Nasdaq added 0.64%.

Coming into today, shares of the gold mining company had lost 6.51% in the past month. In that same time, the Basic Materials sector lost 9.48%, while the S&P 500 gained 1.34%.

The investment community will be closely monitoring the performance of Agnico Eagle Mines in its forthcoming earnings report. The company is scheduled to release its earnings on October 28, 2026. It is anticipated that the company will report an EPS of $2.45, marking a 13.43% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $3.53 billion, indicating a 15.49% upward movement from the same quarter last year.

AEM's full-year Zacks Consensus Estimates are calling for earnings of $11.46 per share and revenue of $15.04 billion. These results would represent year-over-year changes of +38.41% and +26.28%, respectively.

It's also important for investors to be aware of any recent modifications to analyst estimates for Agnico Eagle Mines. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.96% decrease. Currently, Agnico Eagle Mines is carrying a Zacks Rank of #3 (Hold).

From a valuation perspective, Agnico Eagle Mines is currently exchanging hands at a Forward P/E ratio of 16.04. This denotes a premium relative to the industry average Forward P/E of 11.61.

Investors should also note that AEM has a PEG ratio of 2.3 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As of the close of trade yesterday, the Mining - Gold industry held an average PEG ratio of 0.93.

The Mining - Gold industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 214, putting it in the bottom 14% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.

Agnico Eagle Mines (AEM - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.

Over the past month, shares of this gold mining company have returned -11%, compared to the Zacks S&P 500 composite's +1.4% change. During this period, the Zacks Mining - Gold industry, which Agnico falls in, has lost 16.9%. The key question now is: What could be the stock's future direction?

Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.

Revisions to Earnings EstimatesRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.

We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

For the current quarter, Agnico is expected to post earnings of $2.45 per share, indicating a change of +13.4% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.

The consensus earnings estimate of $11.46 for the current fiscal year indicates a year-over-year change of +38.4%. This estimate has changed -1% over the last 30 days.

For the next fiscal year, the consensus earnings estimate of $11.24 indicates a change of -1.9% from what Agnico is expected to report a year ago. Over the past month, the estimate has remained unchanged.

Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Agnico is rated Zacks Rank #3 (Hold).

Revenue Growth ForecastWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.

In the case of Agnico, the consensus sales estimate of $3.53 billion for the current quarter points to a year-over-year change of +15.5%. The $15.04 billion and $14.67 billion estimates for the current and next fiscal years indicate changes of +26.3% and -2.4%, respectively.

Last Reported Results and Surprise HistoryAgnico reported revenues of $3.8 billion in the last reported quarter, representing a year-over-year change of +35%. EPS of $3.05 for the same period compares with $1.94 a year ago.

Compared to the Zacks Consensus Estimate of $3.86 billion, the reported revenues represent a surprise of -1.56%. The EPS surprise was +5.54%.

The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period.

ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.

Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.

The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Agnico is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Agnico. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.

Shares of Agnico Eagle Mines Limited (TSE: AEM - Get Free Report) (NYSE: AEM) have received a consensus recommendation of "Moderate Buy" from the nine ratings firms that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a

In the latest close session, Agnico Eagle Mines (AEM - Free Report) was up +1.72% at $183.69. The stock's performance was ahead of the S&P 500's daily gain of 0.73%. Meanwhile, the Dow experienced a rise of 0.49%, and the technology-dominated Nasdaq saw an increase of 1.19%.

Coming into today, shares of the gold mining company had lost 12.81% in the past month. In that same time, the Basic Materials sector lost 7.27%, while the S&P 500 gained 0.55%.

The investment community will be closely monitoring the performance of Agnico Eagle Mines in its forthcoming earnings report. The company is scheduled to release its earnings on October 28, 2026. The company is expected to report EPS of $2.45, up 13.43% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $3.53 billion, reflecting a 15.49% rise from the equivalent quarter last year.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $11.46 per share and revenue of $15.04 billion. These totals would mark changes of +38.41% and +26.28%, respectively, from last year.

Any recent changes to analyst estimates for Agnico Eagle Mines should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.79% lower. Agnico Eagle Mines currently has a Zacks Rank of #3 (Hold).

With respect to valuation, Agnico Eagle Mines is currently being traded at a Forward P/E ratio of 15.75. For comparison, its industry has an average Forward P/E of 11.9, which means Agnico Eagle Mines is trading at a premium to the group.

We can additionally observe that AEM currently boasts a PEG ratio of 2.26. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. AEM's industry had an average PEG ratio of 0.94 as of yesterday's close.

The Mining - Gold industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 199, which puts it in the bottom 20% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Agnico Eagle Mines (AEM - Free Report) , which belongs to the Zacks Mining - Gold industry, could be a great candidate to consider.

This gold mining company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 6.06%.

For the last reported quarter, Agnico came out with earnings of $3.05 per share versus the Zacks Consensus Estimate of $2.89 per share, representing a surprise of 5.54%. For the previous quarter, the company was expected to post earnings of $3.19 per share and it actually produced earnings of $3.4 per share, delivering a surprise of 6.58%.

Price and EPS Surprise

With this earnings history in mind, recent estimates have been moving higher for Agnico. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank.

Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Agnico has an Earnings ESP of +6.05% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #3 (Hold), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on October 28, 2026.

With the Earnings ESP metric, it's important to note that a negative value reduces its predictive power; however, a negative Earnings ESP does not indicate an earnings miss.

Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.

Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Investors looking for stocks in the Mining - Gold sector might want to consider either Centerra Gold Inc. (CGAU) or Agnico Eagle Mines (AEM). But which of these two companies is the best option for those looking for undervalued stocks?

Agnico Eagle Mines (AEM - Free Report) closed the most recent trading day at $184.15, moving -5.31% from the previous trading session. This change lagged the S&P 500's 0.77% loss on the day. Meanwhile, the Dow experienced a drop of 0.67%, and the technology-dominated Nasdaq saw a decrease of 0.92%.

Shares of the gold mining company have depreciated by 5.71% over the course of the past month, outperforming the Basic Materials sector's loss of 9.1%, and lagging the S&P 500's gain of 0.96%.

The investment community will be closely monitoring the performance of Agnico Eagle Mines in its forthcoming earnings report. On that day, Agnico Eagle Mines is projected to report earnings of $2.45 per share, which would represent year-over-year growth of 13.43%. Meanwhile, the latest consensus estimate predicts the revenue to be $3.53 billion, indicating a 15.49% increase compared to the same quarter of the previous year.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $11.46 per share and a revenue of $15.04 billion, representing changes of +38.41% and +26.28%, respectively, from the prior year.

Any recent changes to analyst estimates for Agnico Eagle Mines should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.79% lower within the past month. Agnico Eagle Mines is currently a Zacks Rank #3 (Hold).

In terms of valuation, Agnico Eagle Mines is currently trading at a Forward P/E ratio of 16.96. This valuation marks a premium compared to its industry average Forward P/E of 13.07.

Investors should also note that AEM has a PEG ratio of 2.44 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. AEM's industry had an average PEG ratio of 0.95 as of yesterday's close.

The Mining - Gold industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 206, which puts it in the bottom 17% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.

AGNICO EAGLE PROVIDES NOTICE OF RELEASE OF THIRD QUARTER 2026 RESULTS AND CONFERENCE CALLPR Newswire

TORONTO, Sept. 28, 2026

Stock Symbol: AEM (NYSE and TSX)

, /PRNewswire/ -- Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) ("Agnico Eagle" or the "Company") today announced that it will release its third quarter 2026 results on Wednesday, October 28, 2026, after normal trading hours.

Third Quarter 2026 Results Conference Call and Webcast

Agnico Eagle's senior management will host a conference call on Thursday, October 29, 2026, at 11:00 AM (E.D.T.) to discuss the Company's financial and operating results.

Via Webcast:

To listen to the live webcast of the conference call, you may register on the Company's website at www.agnicoeagle.com, or directly via the link here.

Via Phone:

To join the conference call by phone, please dial 437.900.0527 or toll-free 1.888.510.2154 to be entered into the call by an operator. To ensure your participation, please call approximately five minutes prior to the scheduled start of the call.

To join the conference call without operator assistance, you may register your phone number here 30 minutes prior to the scheduled start of the call to receive an instant automated call back.

Replay Archive:

Please dial 289.819.1450 or toll-free 1.888.660.6345, access code 46013 #. The conference call replay will expire on November 29, 2026.

The webcast, along with presentation slides, will be archived for 180 days on the Company's website.

About Agnico Eagle

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.

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SOURCE Agnico Eagle Mines Limited

Key Takeaways Agnico Eagle is advancing key projects while boosting cash flow, buybacks and dividends.NEM expanded liquidity and free cash flow as it ramped up Ahafo North production.Both miners are exposed to higher production costs in 2026, weighing on margins. Agnico Eagle Mines Limited (AEM - Free Report) and Newmont Corporation (NEM - Free Report) are two prominent players in the gold mining space with global operations and diversified portfolios. Although gold prices have retreated sharply from their January 2026 peak, they continue to remain at supportive levels. Against this backdrop, comparing the two industry giants is particularly relevant for investors seeking exposure to the precious metals sector.

Gold has come under renewed pressure after reaching a more than three-month high near $4,650 per ounce in late August 2026. Bullion prices fell toward $4,300 an ounce following the U.S. Federal Reserve’s interest rate hike, its first in more than three years, and expectations of another increase before the year-end. A stronger U.S. dollar and an uptick in oil prices following the recent pullback have put pressure on gold lately. Gold prices remain roughly 15% higher year over year despite the recent retreat.

Let’s dive deep and closely compare the fundamentals of these two mining giants to determine which one is a better investment now.

The Case for Agnico EagleAgnico Eagle is focused on executing projects that are expected to provide additional growth in production and cash flows. It is advancing its key value drivers and pipeline projects, including the Odyssey project in the Canadian Malartic Complex, Detour Lake, Hope Bay, Upper Beaver and San Nicolas.

The merger with Kirkland Lake Gold established Agnico Eagle as the industry's highest-quality senior gold producer. The integrated entity now has an extensive pipeline of development and exploration projects to drive sustainable growth. It also has the financial flexibility to fund a strong pipeline of growth projects.

AEM has a robust liquidity position and generates substantial cash flows, which enable it to maintain a strong exploration budget, finance a strong pipeline of growth projects, pay down debt and drive shareholder value. Its operating cash flow for full-year 2025 was a record $6.8 billion, driven by operational efficiencies. Operating cash flow was roughly $2.1 billion in the second quarter, up around 16% from the year-ago quarter.

 AEM generated record second-quarter free cash flow of roughly $1.3 billion, driven by higher realized gold prices, cost control and strong operational results.  The company remains focused on paying down debt using excess cash, with total long-term debt reducing by roughly $950 million in 2025. AEM had a total long-term debt of $197 million at the end of the second quarter. It ended the quarter with a significant net cash position of roughly $3.3 billion, driven by an increase in cash.

AEM also returned $1 billion in the first half of 2026 through dividends and share buybacks, including a record $625 million in the second quarter. It repurchased shares worth $550 million in the first half and raised the quarterly dividend by 12.5% to 45 cents per share. The company plans to return 40% of its annual free cash flow to its shareholders. AEM offers a dividend yield of 0.9% at the current stock price. It has a five-year annualized dividend growth rate of 2.7% and a payout ratio of 16%.

Agnico Eagle, however, remains exposed to higher production costs. Its all-in-sustaining costs (AISC) — a critical cost metric for miners — were $1,459 per ounce in the second quarter, marking a roughly 14% year-over-year rise, impacted by higher total cash costs and an uptick in sustaining capital expenditures. Total cash costs per ounce for gold were $1,054, 14% higher than $925 a year ago. Total cash costs rose due to increased royalty costs, higher labor and energy costs and lower production.

AEM forecasts total cash costs per ounce in the range of $1,020 to $1,120 and AISC per ounce between $1,400 and $1,550 for 2026, suggesting a year-over-year increase at the midpoint of the respective ranges. Higher production costs warrant caution, as they will likely weigh on profitability.

Agnico Eagle saw less production in the first half of 2026 due to lower grades and throughput across certain mines. Production also fell in the second quarter, impacted by reduced production from Canadian Malartic. Barnat pit wall movement is a key near-term operational risk. A rock mass movement at the Barnat open pit at Canadian Malartic involved roughly one million tons of material. Mining was suspended at the pit, with remediation expected in the third quarter and mining resumption anticipated in the fourth quarter.

The event is projected to reduce gold production at Canadian Malartic by 60,000-80,000 ounces in the second half of 2026. For full-year 2026, the company expects gold production near the lower end of its 3.3 million to 3.5 million ounces guidance, reflecting the preliminary redesign of the Barnat open pit. The reduced production base is likely to keep per-ounce costs elevated, potentially limiting margin expansion.

The Case for NewmontNewmont continues to invest in growth projects in a calculated manner. The company is pursuing several projects, including the Cadia Panel Caves and Tanami Expansion 2 in Australia. These projects should expand Newmont’s production capacity and extend mine life, driving revenues and profits. NEM has recommenced work at the Cadia panel cave project following the seismic event in April. The Tanami expansion is progressing with an expected completion of all underground infrastructure by the end of the third quarter of 2026.

In October 2025, NEM achieved commercial production at Ahafo North, which followed the first gold pour in September 2025. Ahafo North is expected to produce between 275,000 and 325,000 ounces of gold annually over an estimated mine life of 13 years.

NEM has also received key regulatory approvals from the Province of British Columbia for its Red Chris Block Cave Project, marking a major milestone in the planned transformation of the Red Chris Mine from an open-pit operation to a large-scale block-cave mine. The approvals take the project closer to the final investment decision.

Newmont has a strong liquidity position and generates substantial cash flows, which allow it to fund its growth projects, meet short-term debt obligations and drive shareholder value. At the end of the second quarter of 2026, Newmont had robust liquidity of roughly $13 billion, including cash and cash equivalents of around $9 billion. Net cash provided by operating activities amounted to $2.9 billion, up roughly 23% from the year-ago quarter. Its free cash flow climbed 29% year over year to a record $2.2 billion, led by an increase in net cash from operating activities.

 Newmont distributed $3.4 billion to its shareholders through dividends and share repurchases in 2025. It has returned $1.9 billion to its shareholders since April 23, 2026. Newmont has executed buybacks under the current $6 billion authorized share repurchase program, with $4.3 billion remaining under it. NEM offers a dividend yield of 0.8% at the current stock price. Its payout ratio is 11%.

Newmont also remains committed to deleveraging, reducing debt by roughly $3.4 billion in 2025. It ended the second quarter with a strong net cash position of $3.4 billion and remains actively focused on managing its debt.

NEM saw lower gold production for the second quarter, partly linked to its strategic divestment of non-core assets. The company reported a roughly 13% year-over-year and 1% sequential decline in attributable gold production to 1.29 million ounces. Lower output from Cadia and reduced grades across certain mines impacted production. Newmont expects third-quarter 2026 production to be largely in line with the second-quarter level.

The company anticipates gold production at about 5.26 million ounces for 2026, indicating a year-over-year decline from 5.89 million ounces in 2025. NEM expects lower production from Penasquito and Cadia in 2026 due to site transitions. It also sees lower-than-expected production from Nevada Gold Mines and Pueblo Viejo. These will be partly offset by contributions from the newly commissioned Ahafo North mine.

Lower production is expected to lead to higher unit costs in 2026. NEM expects AISC to be $1,680 per ounce on a by-product basis, indicating a notable increase from $1,358 per ounce in 2025. The anticipated increase is due to lower sales volumes as a result of planned mine sequencing, higher royalties and production taxes, deferral of sustaining capital from 2025 into 2026 and inventory changes. Newmont also sees a sequential rise in unit costs in the third quarter, mainly due to increased sustaining capital spending and higher oil prices.

AEM & NEM: Price Performance, Valuation & Other ComparisonsAEM stock has gained 22.3% over the past year, while NEM stock has rallied 47.7% compared with the Zacks Mining – Gold industry’s increase of 31%.

Image Source: Zacks Investment Research

AEM is currently trading at a forward 12-month earnings multiple of 17.24, lower than its five-year median. This represents a 27% premium when stacked up with the industry average of 13.57X.

Image Source: Zacks Investment Research

Newmont is trading at a discount to Agnico Eagle. The NEM stock is currently trading at a forward 12-month earnings multiple of 12.60, lower than its five-year median and below the industry. 

Image Source: Zacks Investment Research

NEM’s return on equity of 29.1% is higher than AEM’s 22%. This reflects Newmont’s efficient use of shareholder funds in generating profits.

Image Source: Zacks Investment Research

How Does Zacks Consensus Estimate Compare for AEM & NEM?The Zacks Consensus Estimate for AEM’s 2026 sales and EPS implies a year-over-year rise of 26.3% and 38.4%, respectively. The EPS estimates for 2026 have been trending lower over the last 60 days.

Image Source: Zacks Investment Research

The consensus estimate for NEM’s 2026 sales and EPS implies year-over-year growth of 14.5% and 31.9%, respectively. The EPS estimates for 2026 have been trending downward over the last 60 days.

Image Source: Zacks Investment Research

AEM or NEM: Which Is a Better Pick?Both AEM and NEM currently have a Zacks Rank #3 (Hold) each, so picking one stock is not easy. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Both Agnico Eagle and Newmont are demonstrating strong financial performance and commitment to shareholder returns, leveraging higher realized gold prices. Both have a strong pipeline of development projects and solid financial health. NEM’s higher ROE indicates that it is more effectively utilizing shareholder funds. In addition, NEM’s cheap valuation offers an attractive entry point. Investors seeking exposure to the gold space might consider Newmont as the more favorable option at this time.

Agnico Eagle Mines (AEM - Free Report) closed at $197.48 in the latest trading session, marking a -1.01% move from the prior day. This change lagged the S&P 500's 1.49% gain on the day. Elsewhere, the Dow gained 0.71%, while the tech-heavy Nasdaq added 2.26%.

The gold mining company's shares have seen a decrease of 7.67% over the last month, not keeping up with the Basic Materials sector's gain of 0.21% and the S&P 500's gain of 0.1%.

Market participants will be closely following the financial results of Agnico Eagle Mines in its upcoming release. The company's earnings per share (EPS) are projected to be $2.45, reflecting a 13.43% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.53 billion, up 15.49% from the year-ago period.

For the full year, the Zacks Consensus Estimates are projecting earnings of $11.58 per share and revenue of $15.09 billion, which would represent changes of +39.86% and +26.72%, respectively, from the prior year.

Investors should also pay attention to any latest changes in analyst estimates for Agnico Eagle Mines. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.17% upward. Agnico Eagle Mines is currently a Zacks Rank #3 (Hold).

With respect to valuation, Agnico Eagle Mines is currently being traded at a Forward P/E ratio of 17.23. This signifies a premium in comparison to the average Forward P/E of 13.26 for its industry.

One should further note that AEM currently holds a PEG ratio of 2.48. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Mining - Gold industry currently had an average PEG ratio of 0.97 as of yesterday's close.

The Mining - Gold industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 202, this industry ranks in the bottom 18% of all industries, numbering over 250.

The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.

In the latest close session, Agnico Eagle Mines (AEM - Free Report) was up +2.97% at $201.37. The stock outpaced the S&P 500's daily gain of 1.14%. At the same time, the Dow added 0.61%, and the tech-heavy Nasdaq gained 1.69%.

Prior to today's trading, shares of the gold mining company had lost 5.85% lagged the Basic Materials sector's loss of 1.36% and the S&P 500's loss of 2.85%.

The investment community will be paying close attention to the earnings performance of Agnico Eagle Mines in its upcoming release. The company's earnings per share (EPS) are projected to be $2.45, reflecting a 13.43% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $3.53 billion, up 15.49% from the prior-year quarter.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $11.58 per share and revenue of $15.09 billion, indicating changes of +39.86% and +26.72%, respectively, compared to the previous year.

Investors should also note any recent changes to analyst estimates for Agnico Eagle Mines. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.17% higher. Currently, Agnico Eagle Mines is carrying a Zacks Rank of #3 (Hold).

From a valuation perspective, Agnico Eagle Mines is currently exchanging hands at a Forward P/E ratio of 17.01. For comparison, its industry has an average Forward P/E of 12.52, which means Agnico Eagle Mines is trading at a premium to the group.

We can also see that AEM currently has a PEG ratio of 2.44. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As the market closed yesterday, the Mining - Gold industry was having an average PEG ratio of 0.94.

The Mining - Gold industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 205, placing it within the bottom 17% of over 250 industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.

In the latest close session, Agnico Eagle Mines (AEM - Free Report) was up +1.87% at $200.36. The stock's performance was ahead of the S&P 500's daily gain of 0.86%. Elsewhere, the Dow saw an upswing of 0.98%, while the tech-heavy Nasdaq appreciated by 0.96%.

Heading into today, shares of the gold mining company had gained 9.05% over the past month, outpacing the Basic Materials sector's loss of 0.74% and the S&P 500's loss of 1.96%.

Investors will be eagerly watching for the performance of Agnico Eagle Mines in its upcoming earnings disclosure. The company is expected to report EPS of $2.45, up 13.43% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $3.53 billion, indicating a 15.49% increase compared to the same quarter of the previous year.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $11.58 per share and a revenue of $15.09 billion, representing changes of +39.86% and +26.72%, respectively, from the prior year.

Investors should also take note of any recent adjustments to analyst estimates for Agnico Eagle Mines. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.91% decrease. Currently, Agnico Eagle Mines is carrying a Zacks Rank of #3 (Hold).

In terms of valuation, Agnico Eagle Mines is currently trading at a Forward P/E ratio of 16.99. This expresses a premium compared to the average Forward P/E of 12.91 of its industry.

Meanwhile, AEM's PEG ratio is currently 2.44. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As the market closed yesterday, the Mining - Gold industry was having an average PEG ratio of 0.96.

The Mining - Gold industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 217, positioning it in the bottom 12% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.

Agnico Eagle Mines has gained 40% since I last checked on the stock in July, but significant upside still sustains for the stock. Robust results for H1 2026 called for an upgrade in both revenue and adjusted income estimates, which in turn resulted in attractive market multiples. Gold prices can be at risk at this time, as interest rates are set to rise. But even then, optimism regarding the stock is only partly dampened.

Agnico Eagle Mines (AEM - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.

Shares of this gold mining company have returned +9.4% over the past month versus the Zacks S&P 500 composite's -1.4% change. The Zacks Mining - Gold industry, to which Agnico belongs, has gained 10.6% over this period. Now the key question is: Where could the stock be headed in the near term?

Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.

Revisions to Earnings EstimatesHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.

Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.

Agnico is expected to post earnings of $2.45 per share for the current quarter, representing a year-over-year change of +13.4%. Over the last 30 days, the Zacks Consensus Estimate has changed -3.7%.

The consensus earnings estimate of $11.58 for the current fiscal year indicates a year-over-year change of +39.9%. This estimate has changed -0.9% over the last 30 days.

For the next fiscal year, the consensus earnings estimate of $11.25 indicates a change of -2.8% from what Agnico is expected to report a year ago. Over the past month, the estimate has changed -2.1%.

Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Agnico is rated Zacks Rank #3 (Hold).

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Revenue Growth ForecastEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.

For Agnico, the consensus sales estimate for the current quarter of $3.53 billion indicates a year-over-year change of +15.5%. For the current and next fiscal years, $15.09 billion and $14.7 billion estimates indicate +26.7% and -2.6% changes, respectively.

Last Reported Results and Surprise HistoryAgnico reported revenues of $3.8 billion in the last reported quarter, representing a year-over-year change of +35%. EPS of $3.05 for the same period compares with $1.94 a year ago.

Compared to the Zacks Consensus Estimate of $3.86 billion, the reported revenues represent a surprise of -1.56%. The EPS surprise was +5.54%.

The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period.

ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.

While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.

The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Agnico is graded C on this front, indicating that it is trading at par with its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Agnico. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.

Key Takeaways Agnico Eagle will sell its Delta and Helm Bay projects to Vizsla Copper, with closing expected in Q4 2026. Agnico Eagle will receive C$32M in shares, deferred shares and warrants, targeting a 19.99% stake. AEM retains NSR royalties and up to C$20M in Delta milestone payments, plus a C$5M financing commitment. Agnico Eagle Mines Limited (AEM - Free Report) has agreed to sell its Delta base and precious metals project and Helm Bay gold project to Vizsla Copper Corp. The transaction is expected to close in the fourth quarter of 2026, subject to customary conditions and TSX Venture Exchange approval. 

Under the agreement, Agnico Eagle will receive roughly 22.5 million Vizsla Copper common shares at closing. AEM will also receive 2.9 million deferred shares, subject to shareholder approval. The shares will be issued at a deemed price of C$1.26 per share, representing an aggregate value of approximately C$32 million. AEM will also receive around 3.04 million warrants exercisable at C$1.95 per share. Following the transaction, Agnico Eagle is expected to hold approximately 19.99% of Vizsla Copper. 

Agnico Eagle will retain a 2% net smelter return royalty on Delta and a 3% net smelter return (NSR) royalty on Helm Bay. In addition, Vizsla Copper will make C$20 million in contingent milestone payments related to Delta. These include C$5 million upon disclosure of a mineral resource estimate containing at least 300,000 copper-equivalent tons, C$5 million upon completion of a feasibility study and C$10 million upon achieving commercial production.  

The payments may be made in cash or common shares at Vizsla Copper's election, subject to applicable limitations. For share-based payments, the number of shares will be based on Vizsla Copper's 20-day volume-weighted average trading price, subject to a minimum price of C$1.26 per share. Any payment that would cause Agnico Eagle's ownership to reach 20% or more, or cannot be issued in shares due to regulatory approval limitations, will be paid in cash. 

Agnico Eagle has also committed to participate in Vizsla Copper's next qualifying equity financing for up to C$5 million, further aligning the two companies as Vizsla Copper advances the Delta project. 

Agnico Eagle has committed to participate in Vizsla Copper’s first equity financing following the agreement, for up to C$5 million or 10% of the financing proceeds, whichever is lower. The commitment is subject to the financing raising at least C$30 million and being completed by Dec. 31, 2026. 

Price Performance of AEMShares of AEM are up 32.1% over the past year compared with the industry’s 42.9% rise.

Image Source: Zacks Investment Research

AEM’s Zacks Rank & Key PicksAgnico Eagle carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the Basic Materials space are Worthington Steel, Inc. (WS - Free Report) , Carpenter Technology Corporation (CRS - Free Report)  and Avient Corporation (AVNT - Free Report) . WS currently sports a Zacks Rank #1 (Strong Buy), while CRS and AVNT carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. 

The Zacks Consensus Estimate for WS’ current-year earnings stands at $3.4 per share, implying a 52.5% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in two of the trailing four quarters and missed twice, with the negative average surprise being 13.8%.

The Zacks Consensus Estimate for CRS’ fiscal current-year earnings is pegged at $13.28 per share, implying a 23.4% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 8.4%.

The Zacks Consensus Estimate for AVNT’s current-year earnings is pegged at $3.2 per share, indicating a 13.5% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 3.4%. 

Agnico Eagle Mines Limited (TSE:AEM – Get Free Report) (NYSE:AEM) Director John Merfyn Roberts sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of C$273.35, for a total transaction of C$410,025.00. Following the sale, the director owned 16,182 shares in the company, valued at C$4,423,349.70. This represents a 8.48% decrease in their position.

John Merfyn Roberts also recently made the following trade(s):

On Monday, August 10th, John Merfyn Roberts sold 1,000 shares of Agnico Eagle Mines stock. The shares were sold at an average price of C$244.66, for a total transaction of C$244,660.00. Agnico Eagle Mines Stock Performance Agnico Eagle Mines stock opened at C$283.22 on Tuesday. Agnico Eagle Mines Limited has a 52 week low of C$188.48 and a 52 week high of C$348.94. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.89 and a current ratio of 2.86. The firm has a market capitalization of C$143.41 billion, a price-to-earnings ratio of 24.25, a P/E/G ratio of 22.97 and a beta of 2.02. The company has a 50 day moving average price of C$238.73 and a 200 day moving average price of C$258.82.

Agnico Eagle Mines (TSE:AEM – Get Free Report) (NYSE:AEM) last released its earnings results on Wednesday, July 29th. The company reported C$4.33 earnings per share (EPS) for the quarter. The company had revenue of C$5.53 billion during the quarter. Agnico Eagle Mines had a return on equity of 22.69% and a net margin of 40.45%. Research analysts forecast that Agnico Eagle Mines Limited will post 5.4966052 EPS for the current year. Agnico Eagle Mines Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 15th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, September 1st. Agnico Eagle Mines’s dividend payout ratio is currently 14.55%.

Wall Street Analyst Weigh In Several equities analysts have weighed in on the company. Barclays lowered their target price on Agnico Eagle Mines from C$298.00 to C$266.00 in a research note on Thursday, July 16th. National Bank Financial dropped their price target 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 note on Tuesday, July 14th. Stifel Nicolaus dropped their target price on Agnico Eagle Mines from C$350.00 to C$310.00 in a research report on Friday, July 17th. Finally, Jefferies Financial Group raised shares of Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. Two investment 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 company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$295.33.

Get Our Latest Stock Analysis on AEM

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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.

See Also Five stocks we like better than Agnico Eagle Mines 3 Under-the-Radar Defense Stocks With Record Backlogs This Korea ETF Has Soared, But the Rally May Not Be Over Why Guidewire’s Post-Earnings Plunge May Not Last Ride-Share Reckoning: Tesla Drives Into Uber’s Lane Receive News & Ratings for Agnico Eagle Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agnico Eagle Mines and related companies with MarketBeat.com's FREE daily email newsletter.

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Agnico Eagle Mines (AEM - Free Report) .

Agnico currently has an average brokerage recommendation (ABR) of 1.67, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 20 brokerage firms. An ABR of 1.67 approximates between Strong Buy and Buy.

Of the 20 recommendations that derive the current ABR, 13 are Strong Buy and two are Buy. Strong Buy and Buy respectively account for 65% and 10% of all recommendations.

Brokerage Recommendation Trends for AEM

Check price target & stock forecast for Agnico here>>>

While the ABR calls for buying Agnico, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.

Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.

This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements.

Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.

Zacks Rank Should Not Be Confused With ABRIn spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.

The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.

It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.

On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.

Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.

Is AEM a Good Investment?In terms of earnings estimate revisions for Agnico, the Zacks Consensus Estimate for the current year has declined 0.8% over the past month to $11.56.

Analysts' growing pessimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates lower, could be a legitimate reason for the stock to plunge in the near term.

The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #4 (Sell) for Agnico. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

Therefore, it could be wise to take the Buy-equivalent ABR for Agnico with a grain of salt.

Key Takeaways Agnico Eagle and B2Gold are positioned to benefit from stronger gold prices and growth projects. Agnico Eagle posted record cash flow but faces higher costs and lower production in 2026. B2Gold is advancing growth projects while contending with cost inflation and lower output guidance. Agnico Eagle Mines Limited (AEM - Free Report) and B2Gold Corp. (BTG - Free Report) are established gold-mining companies focused on the exploration, development and operation of gold properties globally. They share regional operational interests, including active mining areas in Nunavut, Canada.

Gold prices are regaining strength after a significant downward correction. Prices have been on an upward trajectory lately, surging to a three-month high near $4,650 per ounce. U.S. dollar tumbled to multi-month lows due to worries around U.S. Treasury bond buybacks aimed at curbing surging long-term borrowing costs and improving liquidity, driving the upswing in bullion prices. The recent rally is also supported by central bank buying and investment demand.

Let’s dive deep and closely compare the fundamentals of these two Canada-based gold miners to determine which one is a better investment now.

The Case for Agnico EagleAgnico Eagle is focused on executing projects that are expected to provide additional growth in production and cash flows. It is advancing its key value drivers and pipeline projects, including the Odyssey project in the Canadian Malartic Complex, Detour Lake, Hope Bay, Upper Beaver and San Nicolas.

   AEM has a robust liquidity position and generates substantial cash flows, which enable it to maintain a strong exploration budget, finance a strong pipeline of growth projects, pay down debt and drive shareholder value. Its operating cash flow for full-year 2025 was a record $6.8 billion, driven by operational efficiencies. Operating cash flow was roughly $2.1 billion in the second quarter, up around 16% from the year-ago quarter.

AEM generated record second-quarter free cash flow of roughly $1.3 billion, driven by higher realized gold prices, cost control and strong operational results. Higher realized prices are expected to continue to boost AEM’s profitability and drive cash flow generation.

AEM also returned $1 billion in the first half of 2026 through dividends and share buybacks, including a record $625 million in the second quarter. It repurchased shares worth $550 million in the first half. It raised the quarterly dividend by 12.5% to 45 cents per share.  The company plans to return 40% of its annual free cash flow to its shareholders. AEM offers a dividend yield of 0.8% at the current stock price. It has a five-year annualized dividend growth rate of 2.7% and a payout ratio of 16%.

Agnico Eagle, however, remains exposed to higher production costs. Its all-in-sustaining costs (AISC) — a critical cost metric for miners — were $1,459 per ounce in the second quarter, marking a roughly 14% year-over-year rise, impacted by higher total cash costs and an uptick in sustaining capital expenditures. Total cash costs per ounce for gold were $1,054, 14% higher than $925 a year ago. Total cash costs rose due to increased royalty costs, higher labor and energy costs and lower production.

AEM forecasts total cash costs per ounce in the range of $1,020 to $1,120 and AISC per ounce between $1,400 and $1,550 for 2026, suggesting a year-over-year increase at the midpoint of the respective ranges. Higher production costs warrant caution, as they will likely weigh on profitability.

Agnico Eagle also saw lower production in the first half of 2026 due to lower grades and throughput across certain mines. Production also fell in the second quarter, impacted by reduced production from Canadian Malartic. Barnat pit wall movement is a key near-term operational risk. A rock mass movement at the Barnat open pit at Canadian Malartic involved roughly one million tons of material. Mining was suspended at the pit, with remediation expected in the third quarter and mining resumption anticipated in the fourth quarter.

The event is projected to reduce gold production at Canadian Malartic by 60,000-80,000 ounces in the second half of 2026. For full-year 2026, the company expects gold production near the lower end of its 3.3 million to 3.5 million ounces guidance, reflecting the preliminary redesign of the Barnat open pit. The reduced production base is likely to keep per-ounce costs elevated, potentially limiting margin expansion.

The Case for B2GoldB2Gold will benefit from its ongoing strategy of maximizing profitable mine production, moving forward with its remaining development and exploration projects, and evaluating additional exploration, development and production prospects. The company continues to advance multiple projects that can broaden production beyond its current mines.

The Menankoto Exploitation Permit was granted earlier this month, allowing pre-stripping at Fekola Regional to begin. The company expects Regional to ramp through the end of 2027 and produce more than 150,000 ounces annually from 2028 through the mid-2030s.

Gramalote in Colombia remains a development option after the 2025 feasibility study outlined average annual production of about 177,000 ounces over a 13-year processing life. At Otjikoto, second-quarter 2026 capital spending included about $5 million for Antelope development and $2 million for Wolfshag underground development. These projects extend B2Gold’s growth options beyond the near-term Goose ramp.

The Goose mine in Nunavut achieved commercial production in early October 2025 but the April 2026 crushing-circuit fire disrupted its 2026 ramp-up. The mine’s production guidance was narrowed to 170,000-200,000 ounces for 2026 from 170,000-230,000 ounces. The company expects repair work and phase one crusher upgrades to be completed by the end of the third quarter of 2026. An additional mobile crusher is being commissioned, with combined interim crushing capacity expected to exceed 3,000 tons per day. B2Gold continues to target medium-term annual production above 300,000 ounces, with steady-state output of 300,000 ounces targeted by mid-2027.

B2Gold ended the second quarter of 2026 with $287 million in cash and $405 million in working capital. The full $800-million revolving credit facility was available at June 30, before a subsequent $95-million draw for Goose working capital. B2Gold declared a second-quarter 2025 dividend rate of 2 cents per share, which marks an annual dividend of 8 cents. This is driven by its strong cash position and operating results. It has one of the highest dividend yields in the gold space. BTG offers a dividend yield of 1.5% at the current stock price.

B2Gold is witnessing cost inflation pressure across all sites, which is impacting input prices, including reagents, fuel and consumables. For 2026, cash operating costs are projected between $1,155 and $1,280 per ounce. AISC is anticipated to be $2,370-$2,550, reduced from the prior stated $2,400-$2,580 per ounce. However, the figure is still significantly higher than the 2025 reported AISC of $1,584. The company also narrowed 2026 production guidance to 820,000-920,000 ounces from 820,000-970,000 ounces, below the 979,604 ounces produced in 2025.

Price Performance and Valuation of AEM & BTGAEM stock has rallied 56% over the past year, while BTG stock has racked up a gain of 41.2% compared with the Zacks Mining – Gold industry’s increase of 64.9%.

Image Source: Zacks Investment Research

AEM is currently trading at a forward 12-month earnings multiple of 19.19, modestly lower than its five-year median. This represents a 35.1% premium when stacked up with the industry average of 14.2X.

Image Source: Zacks Investment Research

B2Gold is trading at a significant discount to Agnico Eagle. BTG stock is currently trading at a forward 12-month earnings multiple of 7.41, below its five-year median and the industry average.

Image Source: Zacks Investment Research

How Does Zacks Consensus Estimate Compare for AEM & BTG?The Zacks Consensus Estimate for AEM’s 2026 sales and EPS implies a year-over-year rise of 27% and 39.6%, respectively. The EPS estimates for 2026 have been trending lower over the past 60 days.

Image Source: Zacks Investment Research

The consensus estimate for BTG’s 2026 sales and EPS implies year-over-year growth of 16.7% and 6.5%, respectively. The EPS estimates for 2026 have been trending southward over the past 60 days.

Image Source: Zacks Investment Research

AEM or BTG: Which Is a Better Pick?AEM and BTG are well-positioned to benefit from the favorable gold pricing environment. Both have a strong pipeline of development projects and solid financial health and remain committed to driving shareholder returns. However, both are hamstrung by production and cost headwinds. BTG has a more attractive valuation, which gives it the edge over AEM. The cheap valuation offers an attractive entry point. Investors seeking exposure to the gold space might consider B2Gold as the more favorable option at this time.

While AEM currently carries a Zacks Rank #5 (Strong Sell), BTG has a Zacks Rank #3 (Hold).

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

A month has gone by since the last earnings report for Agnico Eagle Mines (AEM - Free Report) . Shares have added about 42.9% in that time frame, outperforming the S&P 500.

But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Agnico due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.

Agnico Eagle's Q2 Earnings Surpass Estimates, Revenues MissAgnico Eagle reported earnings of $3.17 per share for the second quarter of 2026, up from $2.12 in the year-ago quarter.

Barring one-time items, earnings were $3.05 per share, up 57.2% from $1.94 a year ago. The figure surpassed the Zacks Consensus Estimate of $2.89.

 The company generated revenues of $3,802.8 million, up 35% year over year. The top line missed the Zacks Consensus Estimate of $3,863.2 million.

Operational HighlightsPayable gold production was 855,816 ounces in the reported quarter, down 1.2% from 866,029 ounces in the prior-year quarter. The figure surpassed our estimate of 827,779 ounces.

 Total cash costs per ounce for gold were $1,054, up from $925 a year ago. It was above our estimate of $1,043.

 Realized gold prices were $4,483 per ounce in the quarter, up 36.3% from $3,288 a year ago. The figure lagged our estimate of $4,640.

 AISC was $1,459 per ounce in the quarter, up 13.9% from $1,281 a year ago. It was above our estimate of $1,439.

Financial PositionAgnico Eagle ended the quarter with cash and cash equivalents of $3,464 million, up 11.3% sequentially. Long-term debt was $197 million, unchanged from the prior quarter.

 Total cash from operating activities amounted to $2,144 million in the second quarter, up 16.2% from $1,845 million a year ago. Free cash flow increased 2.3% year over year to $1,335 million.

OutlookFor full-year 2026, the company expects gold production near the lower end of its guidance of 3.3 million to 3.5 million ounces, reflecting the preliminary redesign of the Barnat open pit at Canadian Malartic. Total cash costs per ounce are projected between $1,020 and $1,120, while AISC is forecast in the range of $1,400 to $1,550 per ounce.

 The company now expects capital expenditures, excluding capitalized exploration, to be between $2.6 billion and $2.8 billion, up from the prior guidance of $2.2-$2.4 billion, reflecting the approval of construction activities at Hope Bay. Capitalized exploration is projected in the range of $290 million to $330 million.

 Exploration and corporate development expenses are expected to be between $275 million and $305 million. Depreciation and amortization expenses are forecast in the range of $1.55-$1.75 billion.

 The company anticipates general and administrative expenses between $230 million and $260 million. Other costs are projected between $75 million and $95 million.

 The effective tax rate is projected between 34% and 36%, with cash taxes estimated in the range of $3.4-$3.6 billion.

How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a downward trend in estimates review.

The consensus estimate has shifted -9.95% due to these changes.

VGM ScoresCurrently, Agnico has a strong Growth Score of A, a score with the same score on the momentum front. However, the stock was allocated a grade of D on the value side, putting it in the bottom 40% for this investment strategy.

Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. It's no surprise Agnico has a Zacks Rank #4 (Sell). We expect a below average return from the stock in the next few months.