Wall Street analysts expect Agnico Eagle Mines (AEM - Free Report) to post quarterly earnings of $2.89 per share in its upcoming report, which indicates a year-over-year increase of 49%. Revenues are expected to be $3.86 billion, up 37.2% from the year-ago quarter.
Over the last 30 days, there has been a downward revision of 16.2% 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 reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements 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.
That said, let's delve into the average estimates of some Agnico metrics that Wall Street analysts commonly model and monitor.
The consensus estimate for 'Revenue from mine operations- Quebec- LaRonde' stands at $427.61 million. The estimate indicates a change of +79.6% from the prior-year quarter.
Analysts forecast 'Revenue from mine operations- Quebec- Canadian Malartic' to reach $667.02 million. The estimate suggests a change of +34.2% year over year.
Analysts expect 'Revenue from mine operations- Quebec- Goldex' to come in at $143.17 million. The estimate indicates a year-over-year change of +24.2%.
It is projected by analysts that the 'Revenue from mine operations- Nunavut- Meliadine' will reach $436.35 million. The estimate suggests a change of +23.1% year over year.
The consensus among analysts is that 'Payable production - Gold (ounces) - Total Gold' will reach $838926.4 ounces. Compared to the current estimate, the company reported $866029.0 ounces in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Payable production - Gold (ounces) - Quebec - LaRonde' should arrive at $87086.3 ounces. The estimate is in contrast to the year-ago figure of $69778.0 ounces.
According to the collective judgment of analysts, 'Payable production - Gold (ounces) - Quebec - Canadian Malartic' should come in at $148272.2 ounces. Compared to the current estimate, the company reported $172531.0 ounces in the same quarter of the previous year.
Analysts' assessment points toward 'Payable production - Gold (ounces) - Quebec - Goldex' reaching $30351.6 ounces. Compared to the present estimate, the company reported $33118.0 ounces in the same quarter last year.
The average prediction of analysts places 'Payable production - Gold (ounces) - Nunavut - Meliadine' at $95419.5 ounces. The estimate is in contrast to the year-ago figure of $90263.0 ounces.
Analysts predict that the 'Payable production - Gold (ounces) - Nunavut - Meadowbank' will reach $104982.5 ounces. The estimate compares to the year-ago value of $101935.0 ounces.
The collective assessment of analysts points to an estimated 'Payable production - Gold (ounces) - Finland - Kittila' of $52694.2 ounces. The estimate compares to the year-ago value of $50357.0 ounces.
The combined assessment of analysts suggests that 'Payable production - Gold (ounces) - Ontario - Detour Lake' will likely reach $172249.1 ounces. The estimate compares to the year-ago value of $168272.0 ounces.
View all Key Company Metrics for Agnico here>>>
Over the past month, Agnico shares have recorded returns of -7.5% versus the Zacks S&P 500 composite's +0.6% change. Based on its Zacks Rank #5 (Strong Sell), AEM will likely underperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
, /PRNewswire/ -- Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) ("Agnico Eagle") announced today that it has entered into a subscription agreement dated July 23, 2026 (the "Subscription Agreement") with Cadillac Mines Corporation ("Cadillac"), pursuant to which Agnico Eagle agreed to acquire 8,696,000 common shares of Cadillac ("Common Shares") at a price of C$6.90 per Common Share for total consideration of C$60,002,400.00(the "Private Placement"). The Private Placement is subject to certain closing conditions, including the closing of Cadillac's initial public offering of Common Shares (the "IPO") pursuant to Cadillac's final long form base PREP prospectus dated July 23, 2026. The Private Placement is expected to close on or about August 5, 2026.
Prior to entering into the Subscription Agreement, Agnico Eagle owned 22,821,028 Common Shares, representing approximately 9.70% of the issued and outstanding Common Shares on a non-diluted basis. On closing of the Private Placement, Agnico Eagle is expected to own 31,517,028 Common Shares, representing approximately 11.09% of the issued and outstanding Common Shares on a non-diluted basis after giving effect to the IPO (assuming the issuance of all Common Shares qualified thereunder) and all other security issuances completed by Cadillac concurrently with the Private Placement.
Pursuant to a subscription agreement dated July 25, 2023 between Agnico Eagle and Cadillac, Agnico Eagle is entitled to certain rights, including the right to participate in equity financings in order to maintain its pro rata ownership interest in Cadillac at the time of such financing.
On closing of the IPO, Agnico Eagle will enter into a lock-up agreement in favour of the underwriters of the IPO, pursuant to which it will agree that it will not, directly or indirectly, without the prior written consent of the underwriters: (a) offer, sell, pledge or otherwise dispose of any Common Shares or any securities convertible into or exercisable or exchangeable for Common Shares (collectively, the "Locked-Up Securities"); (b) make any short sale, engage in any hedging or enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of the Locked-Up Securities; or (c) agree to or publicly announce any intention to do any of the foregoing, in each case, for a period of 180 days following the closing date of the IPO, subject to certain limited exceptions.
Agnico Eagle is acquiring the Common Shares as part of its strategy of acquiring strategic positions in prospective opportunities with high geological potential. Depending on market conditions, strategic priorities and other factors, Agnico Eagle may, from time to time, acquire additional Common Shares or other securities of Cadillac or dispose of some or all of the Common Shares or other securities of Cadillac that it owns at such time.
An early warning report will be filed by Agnico Eagle in accordance with applicable securities laws. To obtain a copy of the early warning report, please contact:
Investor Relations
Agnico Eagle Mines Limited
145 King Street East, Suite 400
Toronto, Ontario M5C 2Y7
Telephone: 416-947-1212
Email: [email protected]
Agnico Eagle's head office is located at 145 King Street East, Suite 400, Toronto, Ontario M5C 2Y7. Cadillac's head office is located at 123 Front Street West, Suite 905, Toronto, Ontario M5J 2M2.
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. Agnico Eagle 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.
Forward-Looking Statements
The information in this news release has been prepared as at July 24, 2026. Certain statements in this news release, referred to herein as "forward-looking statements", constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" under the provisions of Canadian provincial securities laws. These statements can be identified by the use of words such as "may", "will" or similar terms.
Forward-looking statements in this news release include, without limitation, statements relating to Agnico Eagle's acquisition of Common Shares pursuant to the Private Placement and expected ownership interest in Cadillac, the closing of the Private Placement and IPO and the agreements to be entered into in connection therewith, and Agnico Eagle's acquisition or disposition of securities of Cadillac in the future.
Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by Agnico Eagle as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Many factors, known and unknown, could cause actual results to be materially different from those expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Other than as required by law, Agnico Eagle does not intend, and does not assume any obligation, to update these forward-looking statements.
Key Takeaways Agnico Eagle and ORLA are advancing growth projects while benefiting from still-supportive gold prices. AEM generated strong cash flow and shareholder returns, while ORLA expanded through Musselwhite. Both miners face higher operating costs, but differ in valuation, ROE and 2026 growth expectations. Agnico Eagle Mines Limited (AEM - Free Report) and Orla Mining Ltd. (ORLA - Free Report) are two prominent players in the gold mining space with solid producing assets and expansion-focused operations. While gold prices have pulled back sharply from their January 2026 highs, they remain supportive.
Heightened geopolitical tensions, a weaker U.S. dollar, tariff-related worries and concerns surrounding the Federal Reserve’s independence had driven bullion to a record high of nearly $5,600 per ounce in late January. Since then, gold has pulled back sharply due to inflation concerns triggered by a surge in crude oil prices amid Middle East tensions, with prices falling to $4,500 per ounce around the end of May.
Bullion continued to retreat in June, with prices slipping below $4,000 per ounce to a near eight-month low amid rate-hike expectations and a stronger greenback, despite reduced inflation concerns following the interim agreement between the United States and Iran. Meanwhile, the Fed held interest rates steady in the latest policy meeting, but signaled a potential rate increase before the year's end. Aggressive profit-booking also contributed to the slump in gold prices.
Gold prices recouped some losses to climb above $4,100 per ounce recently, but have again eased toward $4,000 per ounce as a surge in oil prices has stoked renewed inflation fears, fueling a hawkish shift in interest rate expectations. Notwithstanding the pullback, bullion prices are still up roughly 20% year over year.
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 $1.3 billion in the first quarter, up around 29% from the year-ago quarter.
AEM’s first-quarter free cash flow climbed 23% year over year to roughly $732 million. The upside was backed by higher realized gold prices and robust operational results. AEM also returned around $1.4 billion to its shareholders in 2025 and $375 million in the first quarter through dividends and share buybacks. It raised the quarterly dividend by 12.5% to 45 cents per share. AEM offers a dividend yield of 1.2% at the current stock price. It has a five-year annualized dividend growth rate of 2.7%. AEM has a payout ratio of 18%.
Despite these positives, Agnico Eagle remains exposed to higher production costs. Its all-in-sustaining costs (“AISC”) — a critical cost metric for miners — were $1,483 per ounce in the first quarter, marking a roughly 26% 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 $1,093, 22% higher than $895 a year ago. Total cash costs rose due to increased royalty 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.
The Case for Orla MiningBased in Vancouver, Orla Mining has operations and development projects in Mexico, Canada and the United States. The company acquired the Musselwhite gold mine in February 2025, expanding its asset base. Orla Mining inked a deal with Equinox Gold Corp. (EQX - Free Report) on May 13, 2026, for an at-market combination to create a North American senior gold producer. Once completed, the combined company will operate as Equinox Gold.
ORLA shareholders will receive 1.00 Equinox Gold common share and a nominal cash payment of $0.0001 for each Orla Mining common share as part of the deal. The company is set to increase its annual production, aided by a highly complementary portfolio of six North American mines.
Orla Mining’s Musselwhite mine, combined with Equinox Gold’s Greenstone mine in Ontario and the Valentine mine in Newfoundland & Labrador, will have a cumulative production of 685,000 ounces of gold in Canada. Of this, Musselwhite is expected to contribute 235,000 ounces of gold or 34% of the total production in Canada. The proposed business combination has been approved by the shareholders of both companies.
ORLA recently provided a strong operational update for the second quarter of 2026. Orla Mining reported a second-quarter total gold production of 88,265 ounces and gold sales of 90,225 ounces, up roughly 13% and 14% year over year, respectively. For the first half of 2026, it produced 169,471 ounces of gold, up around 35% from the prior-year period, driven by strong performance at Musselwhite.
Gold production at the Musselwhite mine came in at 67,077 ounces in the second quarter, which marked a 27% increase from the prior-year quarter. Operations at the Camino Rojo mine in Mexico returned to normal after a brief interruption due to an illegal worker blockade. The mine produced 21,188 ounces of gold in the quarter. ORLA remains on course to achieve its 2026 gold production guidance of 340,000-360,000 ounces, suggesting year-over-year growth of 16% at the mid-point.
ORLA ended the second quarter with a cash position of $451 million. It made debt repayments of $35 million during the quarter. Also, $182.7 million of convertible debentures were converted to equity, reducing its outstanding debt to $132.3 million, resulting in a net cash position of $318.7 million. The company is slated to report its second-quarter financial results on Aug. 4, 2026.
However, Orla Mining has been facing headwinds from higher operating costs. Total cash costs per ounce surged 109% year over year to $1,251 in the first quarter. AISC per ounce of gold sold increased 97% to $1,668. Higher costs are also expected to weigh on the company’s performance in 2026. The company expects AISC of $1,550-$1,750 per ounce of gold sold for 2026, suggesting an increase from $1,458 per ounce in 2025.
AEM & ORLA: Price Performance, Valuation & Other ComparisonsAEM stock has gained 14% in the past year, while ORLA stock has lost 11.2% compared with the Zacks Mining – Gold industry’s increase of 39.3%.
Image Source: Zacks Investment Research
AEM is currently trading at a forward 12-month earnings multiple of 11.68, which represents a roughly 19.4% premium when stacked up with the industry average of 9.78X.
Image Source: Zacks Investment Research
Orla Mining looks more attractively priced than Agnico Eagle. ORLA stock is currently trading at a forward 12-month earnings multiple of 6.1, below the industry average.
Image Source: Zacks Investment Research
ORLA’s return on equity (ROE) of 66.8% is higher than AEM’s 21.1%. This reflects Orla Mining’s efficient use of shareholder funds in generating profits.
Image Source: Zacks Investment Research
How Does Zacks Consensus Estimate Compare for AEM & ORLA?The Zacks Consensus Estimate for AEM’s 2026 sales and EPS implies a year-over-year rise of 36% and 46%, respectively. The EPS estimates for 2026 have been trending lower over the past 60 days.
Image Source: Zacks Investment Research
The consensus estimate for ORLA’s 2026 sales and EPS indicates year-over-year growth of 62.2% and 77.8%, respectively. The EPS estimates for 2026 have been trending southward over the past 60 days.
Image Source: Zacks Investment Research
AEM or ORLA: Which Is a Better Pick?Both Agnico Eagle and Orla Mining are positioned to benefit from still-supportive gold prices and expansion initiatives, each demonstrating strong operating performance. However, both face headwinds from cost inflation. ORLA has a more attractive valuation, which gives it the edge over AEM. ORLA’s higher ROE also indicates that it is more effectively utilizing shareholder funds. In addition, Orla Mining’s higher earnings growth projections suggest that it may offer better investment prospects in the current market environment. Investors seeking exposure to the gold space might consider ORLA as the more favorable option at this time.
While AEM currently carries a Zacks Rank #5 (Strong Sell), ORLA has a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 Rank stocks here.
Bank of Nova Scotia raised its position in Agnico Eagle Mines Limited (NYSE:AEM – Free Report) (TSE:AEM) by 36.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,475,764 shares of the mining company’s stock after acquiring an additional 390,875 shares during the quarter. Bank of Nova Scotia owned approximately 0.29% of Agnico Eagle Mines worth $299,480,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sei Investments Co. grew its stake in shares of Agnico Eagle Mines by 42.2% in the first quarter. Sei Investments Co. now owns 20,736 shares of the mining company’s stock worth $4,209,000 after purchasing an additional 6,158 shares during the last quarter. Davis R M Inc. bought a new position in Agnico Eagle Mines during the 1st quarter valued at approximately $224,000. Alesco Advisors LLC An ESL Co bought a new position in Agnico Eagle Mines during the 1st quarter valued at approximately $344,000. Acumen Wealth Advisors LLC lifted its holdings in Agnico Eagle Mines by 1,866.4% in the 1st quarter. Acumen Wealth Advisors LLC now owns 2,989 shares of the mining company’s stock worth $607,000 after buying an additional 2,837 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in Agnico Eagle Mines by 2.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 14,612 shares of the mining company’s stock worth $2,966,000 after buying an additional 328 shares during the period. 68.34% of the stock is owned by institutional investors.
Agnico Eagle Mines Stock Down 1.8% AEM stock opened at $144.43 on Friday. Agnico Eagle Mines Limited has a fifty-two week low of $122.32 and a fifty-two week high of $255.24. The business’s 50 day moving average price is $161.15 and its two-hundred day moving average price is $190.77. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.18 and a current ratio of 3.15. The company has a market capitalization of $73.31 billion, a price-to-earnings ratio of 13.57, a price-to-earnings-growth ratio of 2.20 and a beta of 0.60.
Agnico Eagle Mines (NYSE:AEM – Get Free Report) (TSE:AEM) last announced its earnings results on Thursday, April 30th. The mining company reported $3.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.19 by $0.21. The firm had revenue of $4 billion during the quarter, compared to analyst estimates of $3.96 billion. Agnico Eagle Mines had a return on equity of 21.09% and a net margin of 39.46%.The business’s revenue was up 66.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.53 EPS. As a group, analysts forecast that Agnico Eagle Mines Limited will post 12.09 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades AEM has been the topic of several research analyst reports. TD boosted their target price on Agnico Eagle Mines from $251.00 to $252.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Bank of America dropped their price target on Agnico Eagle Mines from $302.00 to $240.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Barclays cut their price target on shares of Agnico Eagle Mines from $210.00 to $188.00 and set an “overweight” rating on the stock in a report on Wednesday, July 15th. JPMorgan Chase & Co. reduced their price objective on shares of Agnico Eagle Mines from $222.00 to $175.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, Jefferies Financial Group upgraded shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating and upped their price objective for the stock from $187.00 to $200.00 in a report on Monday, July 6th. Twelve equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Agnico Eagle Mines currently has a consensus rating of “Moderate Buy” and a consensus price target of $230.00.
Get Our Latest Research Report on AEM
Key Headlines Impacting Agnico Eagle Mines Here are the key news stories impacting Agnico Eagle Mines this week:
Negative Sentiment: Zacks labeled AEM a “Bear of the Day,” saying earnings estimates have been cut as gold retreats, which weighs on near-term sentiment for the miner. Bear of the Day: Agnico Eagle Mines (AEM) Negative Sentiment: Another Zacks note said Agnico Eagle does not have the right setup for a likely earnings beat ahead of next week’s report, reinforcing caution around the upcoming results. Agnico Eagle Mines (AEM) Reports Next Week: Wall Street Expects Earnings Growth Negative Sentiment: JPMorgan reportedly lowered expectations for Agnico Eagle Mines, adding to the day’s bearish analyst tone. JPMorgan Chase & Co. Has Lowered Expectations for Agnico Eagle Mines (NYSE:AEM) Stock Price Negative Sentiment: A separate market wrap noted AEM fell more than the broader market, signaling selling pressure alongside the weaker sector backdrop. Agnico Eagle Mines (AEM) Dips More Than Broader Market: What You Should Know Agnico Eagle Mines Company Profile (Free Report)
Agnico Eagle Mines Limited (NYSE: AEM) is a Canadian-based senior gold producer headquartered in Toronto, Ontario. The company is principally engaged in the exploration, development, production and reclamation of gold-bearing properties. Agnico Eagle pursues both greenfield and brownfield exploration to expand its resource base and operates a portfolio of producing mines and development projects to generate long-life gold production.
Its core business activities span the full mining lifecycle: grassroots and advanced-stage exploration, prefeasibility and feasibility studies, mine construction, underground and open-pit mining, ore processing and metal recovery, and post-mining reclamation and closure.
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Agnico Eagle Mines (AEM - Free Report) ended the recent trading session at $144.51, demonstrating a -1.73% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 1.21% for the day. Elsewhere, the Dow lost 0.97%, while the tech-heavy Nasdaq lost 2.15%.
Shares of the gold mining company witnessed a loss of 4.18% over the previous month, trailing the performance of the Basic Materials sector with its loss of 3.33%, and the S&P 500's gain of 0.42%.
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 July 29, 2026. The company is expected to report EPS of $2.92, up 50.52% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $3.94 billion, up 39.96% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $12.09 per share and revenue of $16.2 billion, which would represent changes of +46.01% and +36.02%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Agnico Eagle Mines. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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.
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, the Zacks Consensus EPS estimate has moved 8.42% lower. Agnico Eagle Mines is currently a Zacks Rank #5 (Strong Sell).
Investors should also note Agnico Eagle Mines's current valuation metrics, including its Forward P/E ratio of 12.16. This valuation marks a premium compared to its industry average Forward P/E of 10.12.
We can also see that AEM currently has a PEG ratio of 2.2. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Mining - Gold industry currently had an average PEG ratio of 0.67 as of yesterday's close.
The Mining - Gold industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 232, this industry ranks in the bottom 6% of all industries, numbering over 250.
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.
Key Takeaways Agnico Eagle is the second largest gold miner in the world. Analysts are cutting AEM's earnings estimates as gold retreats from its all-time highs.Agnico Eagle has paid a cash dividend every year since 1983. Agnico Eagle Mines Ltd. (AEM - Free Report) is the second largest gold miner in the world. Analysts are cutting 2026 earnings estimates on this Zacks Rank #5 (Strong Sell) as gold prices retreat from their all-time highs.
Agnico Eagle Mines was founded in 1957 and is headquartered in Toronto, Canada. It’s Canada’s largest gold miner and is the second largest gold miner in the world. The company operates mines in Canada, Australia, Finland, and Mexico.
Analysts Cut Agnico Eagle Mines Earnings Estimates as Gold Prices FallGold hit a new all-time high of $5,589 per ounce on Jan 28, 2026, but it has since retreated and has recently traded around $4,000 an ounce.
Analysts have been trying to keep up with the impact of the price changes for the gold miners. Earlier this year, they were raising estimates on Agnico Eagle Mines as gold prices soared. Now, they are cutting them to get in line with the falling gold price.
One estimate has been cut for the second quarter 2026 in the last week. The Q2 Zacks Consensus is now looking for $2.98, down from $3.16 just 60 days ago.
Similarly, analysts have been cutting full year earnings estimates. Four estimates have been slashed for 2026 in the last week, with seven being cut in the prior 30 days.
The 2026 Zacks Consensus Estimate has fallen to $12.09 from $13.20 in the last 30 days.
These earnings cuts will produce a Zacks Rank of #5 (Strong Sell) because there are no analysts raising estimates and the consensus estimate is falling.
However, this is still earnings growth of 46% year-over-year as Agnico Eagle Mines made only $8.28 last year.
It will report second quarter 2026 results on July 29, 2026.
Here’s what it looks like on the price and consensus chart.
Image Source: Zacks Investment Research
Shares of Agnico Eagle Mines Retreat from All-Time HighsShares of Agnico Eagle Mines soared to new all-time highs as gold prices rose above $5,000 per ounce earlier this year.
But over the last 3 months, shares have retreated. Agnico Eagle Mines is down more than the price of gold during that time.
Image Source: Zacks Investment Research
However, the stock is cheaper than ever. Agnico Eagle Mines trades with a forward price-to-earnings (P/E) ratio of just 11.7. A P/E under 15 usually indicates value.
Agnico Eagle Mines also takes its commitment to its shareholders seriously. It has paid a cash dividend every year since 1983. That dividend is currently yielding 1.3%.
Reminder, the Zacks Rank is a short-term recommendation of one to three months. It changes when analysts revise their earnings estimates.
Watch those analyst earnings estimate revisions closely if gold inches back towards $5,000 per ounce. The Rank will become more favorable if gold rises later this year.
Wall Street expects a year-over-year increase in earnings on higher revenues when Agnico Eagle Mines (AEM - Free Report) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 29. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis gold mining company is expected to post quarterly earnings of $2.98 per share in its upcoming report, which represents a year-over-year change of +53.6%.
Revenues are expected to be $3.94 billion, up 40% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 10.01% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. 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.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Agnico?For Agnico, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -5.41%.
On the other hand, the stock currently carries a Zacks Rank of #5.
So, this combination makes it difficult to conclusively predict that Agnico will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Agnico would post earnings of $3.19 per share when it actually produced earnings of $3.40, delivering a surprise of +6.58%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Agnico doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
TORONTO, Ontario — TheNewswire - July 22, 2026 — Renforth Resources Inc. (CSE: RFR | OTC: RFHRF | FSE: 9RR) ("Renforth" or the "Company") is pleased to update shareholders on our ongoing drill program on our wholly owned Victoria Ni/Cu/Co Open Pit Polymetallic deposit. The program has successfully completed two drillholes in the first undercut area, with visual mineralization encountered in both holes. First Undercut Area
Andra AP fonden reduced its position in shares of Agnico Eagle Mines Limited (NYSE:AEM – Free Report) (TSE:AEM) by 3.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 125,561 shares of the mining company’s stock after selling 4,926 shares during the period. Andra AP fonden’s holdings in Agnico Eagle Mines were worth $25,486,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Capital World Investors boosted its holdings in shares of Agnico Eagle Mines by 2.8% in the 4th quarter. Capital World Investors now owns 21,338,277 shares of the mining company’s stock valued at $3,618,730,000 after buying an additional 572,473 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Agnico Eagle Mines by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 20,979,666 shares of the mining company’s stock worth $3,557,772,000 after purchasing an additional 309,717 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Agnico Eagle Mines by 21.6% during the fourth quarter. Van ECK Associates Corp now owns 17,225,477 shares of the mining company’s stock worth $2,920,258,000 after purchasing an additional 3,062,705 shares in the last quarter. TD Asset Management Inc increased its position in shares of Agnico Eagle Mines by 1.7% during the fourth quarter. TD Asset Management Inc now owns 9,665,456 shares of the mining company’s stock worth $1,641,239,000 after purchasing an additional 165,263 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in shares of Agnico Eagle Mines by 4.0% in the 4th quarter. Mackenzie Financial Corp now owns 8,687,624 shares of the mining company’s stock valued at $1,489,509,000 after purchasing an additional 332,797 shares during the last quarter. Hedge funds and other institutional investors own 68.34% of the company’s stock.
Wall Street Analyst Weigh In A number of analysts recently issued reports on AEM shares. Barclays decreased their target price on Agnico Eagle Mines from $210.00 to $188.00 and set an “overweight” rating for the company in a research report on Wednesday, July 15th. Wall Street Zen cut Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Bank of America decreased their price objective on Agnico Eagle Mines from $302.00 to $240.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Jefferies Financial Group raised shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating and lifted their target price for the company from $187.00 to $200.00 in a report on Monday, July 6th. Finally, Scotiabank reduced their price target on shares of Agnico Eagle Mines from $278.00 to $260.00 and set a “sector outperform” rating for the company in a research report on Tuesday, July 14th. Twelve investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Agnico Eagle Mines currently has an average rating of “Moderate Buy” and an average target price of $233.62.
Check Out Our Latest Stock Report on Agnico Eagle Mines
Agnico Eagle Mines Stock Performance Shares of AEM stock opened at $136.25 on Tuesday. The stock’s 50-day moving average price is $164.20 and its 200 day moving average price is $191.31. The company has a quick ratio of 2.18, a current ratio of 3.15 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $69.15 billion, a PE ratio of 12.81, a price-to-earnings-growth ratio of 1.82 and a beta of 0.60. Agnico Eagle Mines Limited has a 52-week low of $119.84 and a 52-week high of $255.24.
Agnico Eagle Mines (NYSE:AEM – Get Free Report) (TSE:AEM) last released its earnings results on Thursday, April 30th. The mining company reported $3.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.19 by $0.21. Agnico Eagle Mines had a return on equity of 21.09% and a net margin of 39.46%.The business had revenue of $4 billion for the quarter, compared to analyst estimates of $3.96 billion. During the same quarter in the previous year, the company posted $1.53 earnings per share. The company’s revenue for the quarter was up 66.1% compared to the same quarter last year. As a group, equities research analysts forecast that Agnico Eagle Mines Limited will post 12.29 EPS for the current year.
Agnico Eagle Mines Company Profile (Free Report)
Agnico Eagle Mines Limited (NYSE: AEM) is a Canadian-based senior gold producer headquartered in Toronto, Ontario. The company is principally engaged in the exploration, development, production and reclamation of gold-bearing properties. Agnico Eagle pursues both greenfield and brownfield exploration to expand its resource base and operates a portfolio of producing mines and development projects to generate long-life gold production.
Its core business activities span the full mining lifecycle: grassroots and advanced-stage exploration, prefeasibility and feasibility studies, mine construction, underground and open-pit mining, ore processing and metal recovery, and post-mining reclamation and closure.
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SummaryAgnico Eagle is undervalued at 0.83x NAV, trading below historical multiples despite robust financials and transformative acquisitions.I have consolidated the Central Lapland Greenstone Belt, acquiring 2,500 sq km of highly prospective ground, mirroring the successful Kittila strategy at 13x scale.Q1 2026 saw strong results: 825,100 oz gold at $1,483/oz AISC, $4.1B revenue, $1.7B adj. net income, and $2.9B net cash post-acquisitions.I rate AEM a Buy with a $190 NAV-based price target, citing reserve growth, upcoming catalysts, and substantial upside as key drivers. showcake/iStock via Getty Images
Agnico Eagle Mines Limited (AEM:CA) (AEM) is the second-largest gold producer in the world, providing investors with stable profits.
The company made a bet in 2005 on the Finnish gold deposit Kittila. The market paid
66 Followers
Analyst’s Disclosure: I/we have a beneficial long position in the shares of AEM:CA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Investors looking for top-rated dividend and value equities in the commodities sector are staring at a structural disconnect right now. Physical gold has established a floor near $4,000 an ounce amid sustained central bank accumulation and escalating geopolitical friction.
Global central banks are aggressively hoarding bullion to diversify away from fiat currency risks, creating a persistent, underlying bid in the physical market. Yet, gold mining equities have suffered a punishing 35% to 45% pullback over the last two quarters.
This creates a scenario in which the underlying commodity is performing exceptionally well, but the businesses extracting it are being priced as if the sector is entering a severe recession. The current setup presents a classic mismatch, pitting record commodity prices against equity multiples that look more like those of a sustained bear market.
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Tremors of Profit: Positioning for Mean ReversionThis divergence presents a high-urgency oversold entry point. The market is broadly penalizing producers for localized operational hiccups and temporary macroeconomic headwinds.
When you evaluate the underlying financial health and future earnings potential of the top-tier producers, the recent sell-off appears highly exaggerated. For investors willing to look past the short-term noise, the impending margin expansion provides an attractive setup.
Clearing the Rubble: The Truth About Mining MarginsThe recent multiple contraction across the mining complex represents a severe mispricing of transient data. Earlier this year, escalating tensions in the Strait of Hormuz spiked Brent crude to roughly $115 a barrel. For open-pit mining operations, diesel fuel accounts for roughly 15% to 20% of cash expenses. Heavy machinery required to haul tons of rock relies entirely on steady, affordable energy prices.
This dynamic forced a brutal double-shock scenario. Surging fuel costs inflated all-in sustaining costs (AISC) as spot gold prices pulled back. Markets panicked, dumping miners on fears of systemic, long-term margin compression.
Commodity markets are inherently cyclical, and energy shocks fade. As oil normalizes, the operational leverage inherent in these miners is primed for rapid upward mean reversion. Operational leverage is the mathematical engine of mining stocks.
When a miner produces gold at a cost of $2,000 an ounce and sells it at $3,000, the profit is $1,000. If the gold price rises to $4,000 while energy costs retreat, the commodity price increases by 33%, but the profit rises far faster. The cost side of the ledger is stabilizing, while the revenue side is preparing for a structural upgrade from global markets.
China Is Forcing a Physical Gold MarketThe fundamental setup for bullion is about to change permanently. By July 24, 2026, Chinese regulators will force a profound structural shift by requiring major financial institutions, including the Industrial and Commercial Bank of China, to completely halt retail paper gold trading linked to the Shanghai Gold Exchange.
For decades, paper gold contracts allowed speculators to influence prices without ever taking delivery of a physical bar. To flush out this leveraged speculation, Chinese authorities have already raised margin requirements to 140%. Retail traders are now forced to liquidate their paper positions or take physical delivery.
This regulatory purge strips away paper-market volatility and establishes a concrete physical demand floor. When you combine this physical floor with falling diesel prices, producers' profit margins expand significantly. The broader macroeconomic environment, characterized by sustained structural deficits in silver, copper, and uranium, is driving institutional capital toward hard assets. Gold serves as the bedrock of this rotation.
Agnico Eagle's Rebound PotentialOne of the most glaring disconnects in the market today is Agnico Eagle Mines NYSE: AEM. Shares are trading down about 19% year-to-date, retreating from a 52-week high of $255.24 down to roughly $137. Agnico currently trades at a highly compressed forward price-to-earnings ratio of just 11. Historically, the company has commanded a premium valuation due to its high-quality operations in safe jurisdictions such as Canada and Finland.
Agnico Eagle Mines Today
AEM
Agnico Eagle Mines
$137.02 +0.05 (+0.04%)
As of 02:47 PM Eastern
This is a fair market value price provided by Massive. Learn more.
52-Week Range$119.84▼
$255.24Dividend Yield1.31%
P/E Ratio12.89
Price Target$233.62
The catalyst for this localized sell-off stems from a July 1, 2026, rock mass movement at the Barnat open pit at the Canadian Malartic complex, which forced a temporary suspension of mining operations. While Agnico continues to process stockpiled ore, the disruption threatens to cut production by up to 150,000 ounces annually in 2027 and 2028.
Options market pricing tells a compelling story. The current call and put skew indicates that market makers have aggressively priced in the downside risk of the Barnat pit suspension ahead of the upcoming July 29 earnings report.
When options chains become this heavily skewed to the downside, it establishes the perfect conditions for a sharp volatility crush. If management provides stabilized 2027 guidance that is even slightly better than the worst-case scenario, Agnico is positioned for an upward re-rating as institutional capital rushes back into the safety of a premier North American operator.
The Tactical Edge in Gold FieldsFor investors prioritizing immediate cash flow while waiting for capital appreciation, Gold Fields NYSE: GFI presents a unique structural advantage. Trading at a low forward price-to-earnings ratio of 6.4, the Johannesburg-based miner has shed 28% this year, trading near $31 per share.
Gold Fields Today
$31.31 -0.68 (-2.14%)
As of 02:47 PM Eastern
This is a fair market value price provided by Massive. Learn more.
52-Week Range$23.86▼
$61.64Dividend Yield3.83%
Price Target$47.75
The heavy discount in Gold Fields is tied directly to sovereign risk. Ghana is advancing a mining law revamp that would limit lease renewals to 10 years and phase out stability agreements.
Gold Fields has applied for a 20-year extension for its Tarkwa mine, which produces 475,000 ounces a year and expires in April 2027. Markets hate uncertainty, and they are heavily discounting Gold Fields to account for the friction in West Africa.
The market is largely ignoring the asset diversification, which is buffering Gold Fields' balance sheet.
The continuous production base of the Tier-1 South Deep operation in South Africa easily funds the current dividend and mitigates the localized friction in Ghana.
Gold Fields also offers a 3.8% dividend yield. This yield provides a total-return buffer during this transient cost spike, making Gold Fields a superior hold compared to Agnico Eagle Mines' 1.3% yield for income-focused portfolios. Investors receive a steady yield while waiting for the Ghana lease resolution and the broader industry margin expansion to materialize.
Golden Horizons: Why the Valuation Gap Will CloseThe fundamental math underpinning gold producers right now is highly compelling. The recent pullback driven by temporary energy spikes has created deep value across the sector, right as Chinese regulators force a transition away from speculative paper trading toward physical bullion accumulation.
Producers trading at single-digit or low double-digit earnings multiples while the underlying asset hovers near $4,000 an ounce represent a rare anomaly. Value-oriented investors might consider adding these discounted miners to their watchlists as the broader institutional rotation into hard assets gains momentum in the second half of the year. The disconnect between physical metal prices and equity valuations rarely lasts long, and the upcoming earnings season could act as the primary catalyst to close the valuation gap.
Should You Invest $1,000 in Agnico Eagle Mines Right Now?Before you consider Agnico Eagle Mines, you'll want to hear this.
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Allspring Global Investments Holdings LLC increased its position in shares of Agnico Eagle Mines Limited (NYSE:AEM – Free Report) (TSE:AEM) by 2.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 538,236 shares of the mining company’s stock after acquiring an additional 12,157 shares during the period. Allspring Global Investments Holdings LLC owned about 0.11% of Agnico Eagle Mines worth $110,509,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of AEM. Acumen Wealth Advisors LLC acquired a new stake in Agnico Eagle Mines in the fourth quarter valued at approximately $26,000. Abound Wealth Management raised its holdings in Agnico Eagle Mines by 99.0% during the fourth quarter. Abound Wealth Management now owns 209 shares of the mining company’s stock valued at $35,000 after buying an additional 104 shares in the last quarter. Lodestone Wealth Management LLC acquired a new stake in shares of Agnico Eagle Mines in the fourth quarter worth about $35,000. Jessup Wealth Management Inc acquired a new stake in shares of Agnico Eagle Mines in the fourth quarter worth about $35,000. Finally, Bangor Savings Bank bought a new stake in shares of Agnico Eagle Mines during the 4th quarter worth about $37,000. Institutional investors and hedge funds own 68.34% of the company’s stock.
Agnico Eagle Mines Trading Down 0.3% Shares of AEM opened at $136.89 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.18 and a current ratio of 3.15. The company has a market cap of $69.48 billion, a price-to-earnings ratio of 12.87, a PEG ratio of 1.81 and a beta of 0.60. The stock has a fifty day moving average price of $165.41 and a two-hundred day moving average price of $191.42. Agnico Eagle Mines Limited has a 52-week low of $117.65 and a 52-week high of $255.24.
Agnico Eagle Mines (NYSE:AEM – Get Free Report) (TSE:AEM) last issued its quarterly earnings data on Thursday, April 30th. The mining company reported $3.40 EPS for the quarter, topping analysts’ consensus estimates of $3.19 by $0.21. Agnico Eagle Mines had a net margin of 39.46% and a return on equity of 21.09%. The firm had revenue of $4 billion for the quarter, compared to analyst estimates of $3.96 billion. During the same quarter in the prior year, the firm earned $1.53 EPS. The company’s revenue was up 66.1% on a year-over-year basis. Analysts predict that Agnico Eagle Mines Limited will post 12.39 EPS for the current fiscal year.
Analysts Set New Price Targets A number of research analysts have recently commented on AEM shares. Bank of America lowered their price objective on Agnico Eagle Mines from $302.00 to $240.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. JPMorgan Chase & Co. upped their target price on Agnico Eagle Mines from $220.00 to $222.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Wall Street Zen downgraded Agnico Eagle Mines from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Scotiabank dropped their price target on shares of Agnico Eagle Mines from $278.00 to $260.00 and set a “sector outperform” rating on the stock in a research report on Tuesday. Finally, Canadian Imperial Bank of Commerce set a $285.00 price objective on shares of Agnico Eagle Mines in a research note on Thursday. Twelve research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Agnico Eagle Mines has an average rating of “Moderate Buy” and an average price target of $233.62.
Check Out Our Latest Stock Report on Agnico Eagle Mines
Agnico Eagle Mines Company Profile (Free Report)
Agnico Eagle Mines Limited (NYSE: AEM) is a Canadian-based senior gold producer headquartered in Toronto, Ontario. The company is principally engaged in the exploration, development, production and reclamation of gold-bearing properties. Agnico Eagle pursues both greenfield and brownfield exploration to expand its resource base and operates a portfolio of producing mines and development projects to generate long-life gold production.
Its core business activities span the full mining lifecycle: grassroots and advanced-stage exploration, prefeasibility and feasibility studies, mine construction, underground and open-pit mining, ore processing and metal recovery, and post-mining reclamation and closure.
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In the latest close session, Agnico Eagle Mines (AEM - Free Report) was down 3.47% at $137.29. The stock's performance was behind the S&P 500's daily loss of 0.51%. At the same time, the Dow lost 0.2%, and the tech-heavy Nasdaq lost 1.47%.
Shares of the gold mining company have depreciated by 17.78% over the course of the past month, underperforming the Basic Materials sector's loss of 8.52%, and the S&P 500's gain of 0.53%.
The upcoming earnings release of Agnico Eagle Mines will be of great interest to investors. The company's earnings report is expected on July 29, 2026. In that report, analysts expect Agnico Eagle Mines to post earnings of $3.06 per share. This would mark year-over-year growth of 57.73%. Alongside, our most recent consensus estimate is anticipating revenue of $3.94 billion, indicating a 39.96% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $12.44 per share and a revenue of $16.35 billion, signifying shifts of +50.24% and +37.27%, respectively, from the last year.
Any recent changes to analyst estimates for Agnico Eagle Mines should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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 moved 5.78% lower. Agnico Eagle Mines presently features a Zacks Rank of #4 (Sell).
Looking at valuation, Agnico Eagle Mines is presently trading at a Forward P/E ratio of 11.43. This signifies a premium in comparison to the average Forward P/E of 9.55 for its industry.
It's also important to note that AEM currently trades at a PEG ratio of 1.87. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Mining - Gold industry was having an average PEG ratio of 0.64.
The Mining - Gold industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 228, this industry ranks in the bottom 8% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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?
Let's take a look at what these Wall Street heavyweights have to say about Agnico Eagle Mines (AEM - Free Report) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
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, 12 are Strong Buy and two are Buy. Strong Buy and Buy respectively account for 60% and 10% of all recommendations.
Brokerage Recommendation Trends for AEM
Check price target & stock forecast for Agnico here>>>
The ABR suggests buying Agnico, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.
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.
With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near-term price performance. So, validating the Zacks Rank with ABR could go a long way in 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.
Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide.
In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.
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.
There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices.
Is AEM a Good Investment?Looking at the earnings estimate revisions for Agnico, the Zacks Consensus Estimate for the current year has declined 5.8% over the past month to $12.44.
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.
Agnico Eagle Mines (AEM - Free Report) closed at $146.87 in the latest trading session, marking a -1.45% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.42%. Meanwhile, the Dow gained 0.29%, and the Nasdaq, a tech-heavy index, added 0.29%.
The gold mining company's shares have seen a decrease of 5.53% over the last month, not keeping up with the Basic Materials sector's loss of 4.07% and the S&P 500's gain of 2.2%.
The upcoming earnings release of Agnico Eagle Mines will be of great interest to investors. The company's earnings report is expected on July 29, 2026. The company's earnings per share (EPS) are projected to be $3.14, reflecting a 61.86% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $3.94 billion, up 39.96% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $12.61 per share and revenue of $16.35 billion. These totals would mark changes of +52.29% and +37.27%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Agnico Eagle Mines. 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.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 4.47% decrease. Currently, Agnico Eagle Mines is carrying a Zacks Rank of #3 (Hold).
Digging into valuation, Agnico Eagle Mines currently has a Forward P/E ratio of 11.81. This valuation marks a premium compared to its industry average Forward P/E of 9.7.
We can also see that AEM currently has a PEG ratio of 1.93. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Mining - Gold industry had an average PEG ratio of 0.64.
The Mining - Gold industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 186, positioning it in the bottom 25% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
Investors often flock to gold during economic uncertainty. Often, the best way to play the commodity is to buy a gold miner’s stock, but choosing between Agnico Eagle Mines (AEM +2.63%) and AngloGold Ashanti (AU +3.27%) requires looking past the shiny surface to the underlying operational data.
Agnico Eagle Mines focuses on low-risk jurisdictions and maintains a pristine balance sheet, whereas AngloGold Ashanti prioritizes global diversification and aggressive production growth across multiple continents. Both companies provide significant exposure to the gold market, yet they offer distinct risk and reward profiles for investors seeking to balance stability with growth potential in a changing economic landscape.
The case for Agnico Eagle MinesAgnico Eagle Mines is a prominent player among gold stocks, focusing on high-quality jurisdictions like Canada, Australia, Finland, and Mexico. It operates as a senior producer, focusing on low-risk regions to avoid the political and regulatory volatility often found in emerging markets. With over 18,000 employees and contractors, the company maintains a massive operational scale across its core mining and development projects.
In FY 2025, revenue reached $11.9 billion, representing growth of roughly 44% over the prior year. The company reported net income of approximately $4.5 billion for the period, more than double that of 2024.
As of its December 2025 balance sheet, the debt-to-equity ratio was 0.0x, indicating the company has no total debt relative to its shareholder equity. Free cash flow for the year was close to $4.4 billion, representing cash from operations minus capital expenditures, providing significant capital for reinvestment or shareholder returns.
The case for AngloGold AshantiAngloGold Ashanti operates with a more geographically diverse footprint, spanning ten countries across four continents. Its extensive portfolio includes operational mines and exploration projects across South America, Africa, and Australia. This global reach, supported by more than 38,000 employees, provides exposure to diverse geological environments and mineral deposits worldwide.
For FY 2025, the company generated revenue of approximately $9.7 billion, a substantial increase of more than 70% compared to the previous year. Net income for the fiscal year reached about $2.6 billion, compared to about $1 billion in 2024.
Based on the December 2025 balance sheet, the debt-to-equity ratio is approximately 0.3x, showing that total debt is about 30% of shareholder equity. Free cash flow reached nearly $2.9 billion after accounting for capital expenditures, supporting the company's ongoing development projects in Colombia and the United States.
Risk profile comparisonAgnico Eagle Mines faces risks associated with operating in highly regulated environments, which can lead to increased compliance costs and operational hurdles. Environmental regulations and potential permitting delays in Canada or Finland could affect production schedules or increase costs. The company also competes for high-quality assets against larger peers like Newmont Corp (NEM +1.81%).
AngloGold Ashanti is exposed to significant geopolitical risks due to its operations in developing economies and various international jurisdictions. Changes in local tax laws, labor strikes, or political instability in regions like the Democratic Republic of Congo or Ghana could disrupt cash flow or asset security. It competes globally for talent and resources with firms such as Barrick Mining Corp (B +2.87%).
Valuation comparisonWhile both companies trade at a discount to the broader market, AngloGold Ashanti is the more affordable option based on its Forward P/E and P/S ratio. The Forward P/E compares share price to future earnings estimates, while the P/S ratio measures price against revenue.
MetricAgnico Eagle MinesAngloGold AshantiSector BenchmarkForward P/E11.0x10x25.5xP/S ratio5.4x3.7xSector benchmark uses the SPDR XLB sector ETF.
Valuation metrics sourced from Financial Modeling Prep (FMP) and may differ from other data providers.
One of the great aspects of gold mining stocks is that they add significant value to their bottom lines when the metal rallies, as evidenced by the net income jumps in 2025 for both Agnico and AngloGold.
AngloGold Ashanti believes its Arthur Field in Nevada is a ‘holy grail’ for a miner: a Tier 1 discovery in a low-risk jurisdiction with long life and strong growth potential. The company has already found more than 4 million ounces at the mine and expects to find many more. But it takes time for a mine to produce. Right now, the strong price of gold will continue to benefit AngloGold’s existing operations, with Wall Street expecting $13 billion in revenue and $4.8 billion in net income in 2026.
Agnico Eagle Mines is also seen as benefiting from a strong gold price in 2026. Analysts expect $16.4 billion in sales and nearely $6.9 billion in net income. Similar to AngloGold, management sees a long-term path to boosting gold proictiuon 30%, thanks to additional mines it is developing in Canada.
So, how to choose between them: one way is to see which has the lower cost of production, which means profitability is more sustainable if gold’s price retreats. In that case, Agnico Eagle is the winner, with an all-in cost per ounce of around $1,090, while AngloGold is more than $1,600. While AEM is pricier on its P/S and forward P/E, that’s an advantage worth paying up for.
Agnico Eagle Mines (AEM - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Over the past month, shares of this gold mining company have returned -5%, compared to the Zacks S&P 500 composite's +1.1% change. During this period, the Zacks Mining - Gold industry, which Agnico falls in, has lost 7.9%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Earnings Estimate RevisionsRather 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 $3.14 per share, indicating a change of +61.9% from the year-ago quarter. The Zacks Consensus Estimate has changed -1% over the last 30 days.
The consensus earnings estimate of $13.02 for the current fiscal year indicates a year-over-year change of +57.3%. This estimate has changed -1.4% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $12.95 indicates a change of -0.5% from what Agnico is expected to report a year ago. Over the past month, the estimate has changed -3.4%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. 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 #3 (Hold) for Agnico.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue GrowthWhile 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 $3.94 billion for the current quarter points to a year-over-year change of +40%. The $16.35 billion and $16.41 billion estimates for the current and next fiscal years indicate changes of +37.3% and +0.4%, respectively.
Last Reported Results and Surprise HistoryAgnico reported revenues of $4.1 billion in the last reported quarter, representing a year-over-year change of +66.1%. EPS of $3.4 for the same period compares with $1.53 a year ago.
Compared to the Zacks Consensus Estimate of $3.84 billion, the reported revenues represent a surprise of +6.68%. The EPS surprise was +6.58%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time 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 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.
TORONTO, Ontario — July 9, 2026 — TheNewswire - Renforth Resources Inc. (CSE: RFR | OTC: RFHRF | FSE: 9RR) ("Renforth" or the "Company") is pleased to announce the commencement of a drill program on our wholly owned Victoria Ni/Cu/Co Open Pit Polymetallic deposit on our Malartic Metals Package Property located between Cadillac and Malartic Quebec, contiguous to the Canadian Malartic Mine Complex property and approximately 19km south of the LaRonde VMS Mine, both held by Agnico Eagle Mines Limited (T:AEM – NYSE:AEM). This program is the first drilling to build upon our September 2025 Victoria MRE, designed to undercut two areas of significant mineralization encountered in prior drilling, as detailed below.
HIGHLIGHTS
Undercut SUR-21-05 and SUR-21-04, the latter assayed 74.55m of 0.14% Ni and 95.43ppm Co from 126.45 to 201m down the hole, including 10.5m of 0.55% Cu from 182.7 to 193.2m down the hole.*
Undercut SUR-21-26, SUR-21-27 and SUR-21-28, the latter assayed 170.55m of 0.16% Ni and 100.2 ppm Co from 40.9 to 211.45m down the hole, culminating in a highlight interval of 1.5m of 3.46% Ni and 491ppm Co from 196.5 to 198m down the hole.*
*Please refer to prior press releases issued on November 10, 2021 and March 29, 2022 for fulsome results
“We are happy to have the drill turning on our Victoria project again, initially undercutting some very good prior results in order to, with success, begin expanding the initial resource. Personally I find Victoria a very exciting project which I feel will continue to grow, both within the 2.5km our open pit resource currently covers, as we drill deeper and infill this footprint, and, in addition, when we eventually step out and drill off the remainder of the 20km long mineralized structure that our Victoria deposit currently sits in a small part of. This deposit, currently presented as a “low grade” Ni equivalent open pit with a <1:1 strip ratio, road access and a hydroelectric powerline crossing it, in an entirely underexplored area within a very established mining district, is just beginning to tell us its story. We have proven, and previously press released, that we can sort the mineralized material and process it conventionally with initial testing of both technologies, our next step is to drill for expansion and a better understanding of grade. As we have high grade results in several commodities in hand we know there is potential, now starts the follow up” states Nicole Brewster, President and CEO of Renforth.
First Undercut Area
Undercutting SUR-21-05 and SUR-21-04 which were drilled in March 2021, resulting in the following assay highlights as previously press released November 10, 2021.
Hole ID
From
To
Length (m)
Cu %
Ni %
Co ppm
Zn %
SUR-21-04
28.5
31.5
3
0.13
SUR-21-04
40.3
45
4.7
0.49
SUR-21-04
48
50.3
2.3
0.12
SUR-21-04
51.5
60
8.5
0.35
SUR-21-04
69.5
74.1
4.6
0.41
SUR-21-04
79
81.3
2.3
0.27
SUR-21-04
81.3
121.4
40.1
0.12
90.93
or
81.3
201
119.7
0.13
90.49
SUR-21-04
126.45
201
74.55
0.14
95.43
including
182.7
193.2
10.5
0.52
0.09
79.66
0.44
including
192.65
193.2
0.55
0.95
0.17
217
SUR-21-04
193.2
201
7.8
0.28
165.65
SUR-21-05
9.1
11.3
2.2
0.51
SUR-21-05
11.3
84
72.7
0.13
97.27
SUR-21-05
85.3
96.7
11.4
0.12
0.81
SUR-21-05
96.7
114
17.3
0.13
87
*Length stated is as measured in the core box, the true width is not currently known.
Vertical Cross Section First Undercut Area
Click Image To View Full Size
The first planned undercut drillhole in this area is the green drillhole in the vertical cross section above showing the block model outline and prior drilling which form the Victoria MRE.
Second Undercut Area
Drillholes SUR-21-26, SUR-21-27 and SUR-21-28 were drilled in December 2021 with the assay result highlights press released on March 29, 2022 as they appear below.
DDH
From m
To m
Length m
Ni%
Co ppm
Cu%
Zn%
SUR-21-26
2.8
61
58.2
0.17
116.4
SUR-21-26
incl.
37.5
57.45
19.95
0.24
152.3
SUR-21-26
incl.
51
55.4
4.4
0.3
176.3
SUR-21-26
65.35
67.2
1.85
98.72
1.9
SUR-21-26
90.5
96
5.5
0.15
83.5
SUR-21-26
107.15
109.2
2.05
0.19
131.3
SUR-21-26
122.5
124.55
2.05
84.77
0.27
SUR-21-27
15.4
16.3
0.9
0.16
150
SUR-21-27
30
34.5
4.5
0.17
150.7
SUR-21-27
incl.
31.5
33
1.5
0.19
163.5
SUR-21-27
44
73.5
29.5
0.18
159.3
SUR-21-27
incl
55.5
73.5
18
0.2
151.2
SUR-21-27
or
55.5
65.25
9.75
0.235
172.5
SUR-21-27
and incl.
70
72.5
2.5
0.23
167.6
SUR-21-27
91.5
93
1.5
0.15
108
SUR-21-27
97.5
99
1.5
0.16
103
SUR-21-27
109
112
3
0.16
105.5
SUR-21-28
31.5
36
4.5
0.18
155.6
SUR-21-28
40.9
211.45
170.55
0.16
100.2
SUR-21-28
incl.
61.5
77.35
15.85
0.2
133.6
SUR-21-28
which incl.
70.6
72.6
2
0.34
214.5
SUR-21-28
also incl.
153
153.8
0.8
0.19
134
SUR-21-28
and incl.
187.5
199.5
12
0.54
138.7
SUR-21-28
or
195
202.5
7.5
0.8
174.5
SUR-21-28
which incl.
196.5
198
1.5
3.46
491
0.1
*Length stated is as measured in the core box, the true width is not currently known.
Vertical Cross Section Second Undercut Area
Click Image To View Full Size
The first drillhole planned to undercut prior results in this second area is depicted in green in the vertical cross section above, which also shows the block model outline and prior drilling which form the existing Victoria MRE.
Renforth will update shareholders as required during, and on completion of, the drill program at Victoria.
Assay results highlighted above, taken from prior press releases, were the result of testing of drill core selected in the field from logged drill core, bagged, tagged, and sealed and delivered to initially AGAT Laboratories in Val D’Or where they were processed for Sodium Peroxide Fusion – ICP-OES/ICP-MS Finish Multi Element Analysis under the supervision of Francis R. Newton P. Geo OGQ.
At the date of the initial report of these results no testing had been done for platinum group elements, Renforth completed that testing after this work and the calculation of the Victoria MRE.
The initial testing to prove the ability to sort the mineralized material from Victoria referenced above is discussed in the press release “Renforth Resources Inc. Reports Success on Initial Sorting Test of Victoria Polymetallic Mineralization” issued October 1, 2024. The initial testing demonstrating that conventional processing can be implemented at Victoria, as referenced above, is discussed in the press release titled “Renforth Resources Inc. Receives Positive Initial QEMSCAN Characterization and Liberation Analysis Results at Victoria Sulphide Nickel Polymetallic in Quebec” released March 27, 2025. Both are addressed in the Victoria MRE report “Technical Report and mineral Resources Estimate of the Victoria Nickel Polymetallic Sulphide Deposit, Malartic Metals Package Property, Malartic, Quebec” effective September 26, 2025, and filed under the Company’s profile on SEDAR.
This press release contains no new exploration information.
Technical disclosure in this press release has been reviewed and approved by Francis R. Newton P. Geo (OGQ#2129), a “qualified person” pursuant to NI 43-101
Renforth is still awaiting receipt of the assay data from the channel cutting program recently completed on the wholly owned Parbec Gold Deposit, located beside the Canadian Malartic Mine held by Agnico Eagle Mines Limited (T:AEM – NYSE:AEM) where Renforth is focussed on increasing and recategorizing the resource ounces present in the open pit deposit. When the assay data is received results will be shared.
ABOUT RENFORTH RESOURCES INC.
Renforth Resources Inc. (CSE: RFR | OTC: RFHRF | FSE: 9RR) is a Canadian junior gold exploration company focused on advancing the Parbec gold deposit in the prolific Abitibi region of Québec. Parbec is strategically located immediately adjacent to Agnico Eagle Mines Limited's (T:AEM – NYSE:AEM) Canadian Malartic complex, one of the largest open-pit gold mines in Canada. The Company also holds the Victoria Ni/Cu/Co polymetallic deposit. Renforth is committed to disciplined, systematic exploration and transparent disclosure as it works to unlock the value of its Abitibi-region portfolio.
This press release contains forward-looking statements within the meaning of applicable Canadian securities legislation, including statements with respect to planned exploration programmes, drill timing, anticipated results of mapping and sampling activities, and the Company's strategic plans. Forward-looking statements are based on management's current expectations and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in such forward-looking statements. These risks include, without limitation, changes in commodity prices, the results of exploration activities, regulatory changes, and general economic conditions. The Company does not undertake any obligation to update forward-looking statements except as required by applicable law. Readers are cautioned not to place undue reliance on forward-looking statements.
Since I last checked on the gold Canadian miner Agnico Eagle Mines Limited in September 2025, its price has gone nowhere. But it has seen wide fluctuations in between. Price weakness has been apparent since the war in late February, which coincides with a decline in the price of gold on expected interest rate increases and U.S. dollar strengthening. But AEMs market multiples were elevated too, not a good sign in a bearish gold market. At the same time, the company's fundamentals are robust.
Key Takeaways Agnico Eagle returned $375M in Q1 2026 via dividends and buybacks, about half of free cash flow.AEM raised its quarterly dividend 12.5% and renewed a $2B share repurchase program in May 2026.AEM aims to return about 40% of free cash flow to shareholders this year after roughly one-third in 2025. Agnico Eagle Mines Limited (AEM - Free Report) is leveraging its strong cash flow to boost shareholder value through dividends and share buybacks. AEM returned $375 million in the first quarter of 2026 through dividends and share buybacks, accounting for around half of its free cash flow.
Agnico Eagle raised its quarterly dividend by 12.5% to 45 cents per share in February 2026. It also renewed its normal course issuer bid (NCIB) in May 2026, allowing it to repurchase and cancel up to $2 billion worth of its common shares.
AEM’s first-quarter free cash flow climbed 23% year over year to roughly $732 million. Free cash flow was a record $4.4 billion in 2025, up 105% year over year. The upside was backed by higher realized gold prices and robust operational results.
AEM returned around $1.4 billion to its shareholders in 2025, representing a third of its free cash flow. It sees the potential to increase that to roughly 40% this year.
Agnico Eagle is executing a disciplined capital allocation strategy, capitalizing on its strong cash generation to enhance shareholder value, support a robust pipeline of growth projects and reduce debt. With gold prices staying supportive despite the recent selloff, AEM is well-positioned to sustain this shareholder-focused approach.
Among its peers, Barrick Mining Corporation (B - Free Report) generates healthy cash flows, positioning itself well to take advantage of attractive development and exploration opportunities and drive shareholder value. Barrick returned $2.4 billion to its shareholders in 2025 through dividends and repurchases. It repurchased shares worth $1.5 billion last year. Barrick’s board authorized a new $3 billion share buyback program. Its new dividend policy targets a total payout of 50% of attributable free cash flow on an annualized basis.
Newmont Corporation (NEM - Free Report) has distributed $3.4 billion to its shareholders through dividends and share repurchases in 2025. It has returned $2.7 billion to its shareholders since Feb. 19, 2026. Newmont has executed buybacks of $6 billion under the earlier authorized share repurchase programs, including $2.4 billion since the fourth-quarter 2025 earnings call. NEM’s board has approved an additional $6 billion repurchase program.
The Zacks Rundown for AEMAgnico Eagle’s shares have rallied 27.7% in the past year against the Zacks Mining – Gold industry’s growth of 46.6%.
Image Source: Zacks Investment Research
From a valuation standpoint, AEM is currently trading at a forward 12-month earnings multiple of 11.3, a roughly 21% premium to the industry average of 9.34X. It carries a Value Score of C.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for AEM’s 2026 and 2027 earnings implies a year-over-year rise of 59.7% and 0.7%, respectively. The EPS estimates for 2026 and 2027 have been trending higher over the past 60 days.
Agnico Eagle Mines (AEM - Free Report) closed at $150.33 in the latest trading session, marking a -2.98% move from the prior day. The stock trailed the S&P 500, which registered a daily loss of 0.45%. Elsewhere, the Dow lost 0.25%, while the tech-heavy Nasdaq lost 1.16%.
Shares of the gold mining company have depreciated by 4.42% over the course of the past month, underperforming the Basic Materials sector's loss of 0.89%, and the S&P 500's gain of 2.14%.
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 July 29, 2026. The company is expected to report EPS of $3.14, up 61.86% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $3.94 billion, showing a 39.96% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $13.22 per share and revenue of $16.65 billion, which would represent changes of +59.66% and +39.82%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Agnico Eagle Mines. 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 suggests that these changes in estimates have a direct relationship with upcoming 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.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 0.13% higher within the past month. Agnico Eagle Mines presently features a Zacks Rank of #3 (Hold).
In the context of valuation, Agnico Eagle Mines is at present trading with a Forward P/E ratio of 11.72. For comparison, its industry has an average Forward P/E of 9.48, 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 3.4. 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. Mining - Gold stocks are, on average, holding a PEG ratio of 0.87 based on yesterday's closing prices.
The Mining - Gold industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 169, placing it within the bottom 32% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.
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With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Agnico Eagle Mines (AEM - Free Report) Toronto, Canada-based Agnico Eagle Mines Limited is a gold producer with mining operations in Canada, Mexico and Finland, and exploration activities in Canada, Europe, Latin America and the United States. It successfully completed its merger with Kirkland Lake Gold in February 2022.
AEM is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Additionally, the company could be a top pick for growth investors. AEM has a Growth Style Score of A, forecasting year-over-year earnings growth of 59.7% for the current fiscal year.
Three analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.15 to $13.22 per share. AEM boasts an average earnings surprise of +9.9%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, AEM should be on investors' short list.
Key Takeaways AEM halted Barnat pit mining after a July 1 rock mass movement, with no injuries or damage.Stockpiled low-grade ore will keep the Canadian Malartic plant running during the shutdown.AEM sees second-half Malartic output down 60,000-80,000 ounces, with 2026 near low-end guidance. Agnico Eagle Mines Limited (AEM - Free Report) has temporarily suspended mining operations at the Barnat open pit at its Canadian Malartic complex in Quebec due to a rock mass movement that occurred on July 1, 2026, along the north wall of the Barnat open pit. Although there were no injuries, equipment damage or environmental impacts, as a precautionary measure, the company has taken this step.
The affected area had previously been identified to have a geologically weaker structure and was under enhanced monitoring, with safety exclusion zones in place. Technical teams are now conducting a detailed geotechnical assessment to confirm the stability and determine the future path. During the temporary shutdown, the Canadian Malartic processing plant will continue operating using low-grade ore from existing stockpiles to help reduce the near-term impact on production.
The company noted that the second-quarter 2026 production remains unaffected and its expectations of approximately 845,000 ounces of gold production are slightly ahead of plan. However, the company estimates the disruption will reduce second-half production at Canadian Malartic by 60,000-80,000 ounces, taking the full-year output near the lower end of its previously issued guidance of 3.3 million to 3.5 million ounces. The annual expectation of production in 2027 and 2028 was also reduced up to roughly 150,000 ounces, while mitigation measures are being evaluated. The Barnat pit was scheduled to be mined out by early 2029.
The incident is not expected to affect the development or production outlook for the Odyssey mine. The company stays aligned with its long-term goal of achieving annual production of 1 million ounces from the Canadian Malartic complex in the early 2030s.
AEM’s shares have gained 26% over the past year compared with the industry’s 41.3% growth.
Image Source: Zacks Investment Research
AEM’s Zacks Rank & Key PicksAEM currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Basic Materials space are Albemarle Corporation (ALB - Free Report) , Ingevity Corporation (NGVT - Free Report) and Avino Silver & Gold Mines Ltd. (ASM - Free Report) .
While ALB sports a Zacks Rank #1 (Strong Buy) at present, NGVT and ASM carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for ALB’s 2026 earnings is pinned at $12.98 per share, indicating a 1,743.04% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed one, with an average surprise of 74.5%. ALB’s shares have jumped 106.9% over the past year.
The Zacks Consensus Estimate for NGVT’s 2026 earnings is pegged at $5.05 per share, indicating a rise of 22.28% year over year. Its earnings beat the Zacks Consensus Estimate in three of the trailing four quarters.
The Zacks Consensus Estimate for ASM’s current fiscal-year earnings is pinned at 34 cents per share, indicating a 17.24% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 125%. ASM’sshares have gained 78.1% over the past year.
, /PRNewswire/ - Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) ("Agnico Eagle" or the "Company") reports that a rock mass movement occurred on July 1, 2026, along the north wall of the Barnat open pit at the Canadian Malartic complex in Quebec, Canada. There were no injuries, equipment damage or environmental impact as a result of the event. As a precautionary measure, the Company has temporarily suspended mining operations in the Barnat open pit.
The rock mass movement occurred within an area that had been previously identified as having weaker geological structures within the north wall at Barnat and was subject to enhanced geotechnical monitoring in accordance with established mine planning and safety protocols, including safety exclusion zones.
The Company's technical teams are conducting a detailed geotechnical assessment to confirm the stability of the affected area and determine the appropriate path forward. Planning activities are underway to support the safe and orderly resumption of operations in the Barnat pit. Safety remains the Company's highest priority.
During the suspension of in-pit mining operations, the Canadian Malartic processing plant will be supplied with low-grade ore from existing stockpiles in place of planned Barnat ore feed. This approach is expected to help mitigate the near-term impact on production.
Production in the second quarter of 2026 was not affected and the Company expects production for the second quarter of approximately 845,000 ounces of gold, slightly ahead of plan. However, based on currently available information, the Company expects the rock mass movement to reduce production in the second half of 2026 at Canadian Malartic by approximately 60,000 to 80,000 ounces of gold. Accordingly, the Company expects full year 2026 production to be near the lower end of its previously disclosed guidance range of 3.3 million to 3.5 million ounces of gold.
The Barnat open pit was expected to be mined out by early 2029. While the Company's geotechnical assessment remains ongoing, the event is currently expected to result in reduced production in both 2027 and 2028 of up to approximately 150,000 ounces of gold per year. The Company is continuing to evaluate opportunities to mitigate this potential impact to its production outlook.
Importantly, the Company believes that the rock mass movement will not affect the development or production outlook for the Odyssey mine and does not change the pathway to achieving annual production of 1 million ounces of gold from the Canadian Malartic complex in the early 2030s.
The Company will continue to advance its geotechnical assessment and refine the timing for a safe restart of mining operations at the Barnat open pit. Further updates to production and cost guidance will be provided with the Company's second quarter 2026 results, scheduled for release after market close on July 29, 2026.
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. Agnico Eagle 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.
For further information regarding Agnico Eagle, contact Investor Relations at [email protected] or call (416) 947-1212.
Forward-Looking Statements
Certain statements contained in this news release constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" under the provisions of Canadian provincial securities laws and are referred to herein as "forward-looking statements". All statements, other than statements of historical fact, that address circumstances, events, activities or developments that could, or may or will occur are forward-looking statements. When used in this news release, the words "could", "estimate", "expect", "guide", "may", "pathway", "plan", "potential", "schedule", "will", and similar expressions are intended to identify forward-looking statements.
Forward-looking statements in this news release include, without limitation, statements relating to the Company's forward-looking guidance, including gold production for 2026, 2027 and 2028; life of mine estimates; the use of low-grade stock piles at the Canadian Malartic processing facility; the potential to mitigate the impact production impacts from the rock mass movement; the target to achieve annual production of 1 million ounces of gold from the Canadian Malartic complex in the early 2030s; the expected impact of the rock mass movement on the development and production outlook of the Odyssey mine; the expected environmental impact of the rock mass movement; and the potential to restart mining operations at the Barnat pit. Such statements reflect the Company's views as at the date of this news release and are subject to certain risks, uncertainties and assumptions, and undue reliance should not be placed on such statements. Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by Agnico Eagle as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The material factors and assumptions used in the preparation of the forward-looking statements contained herein, which may prove to be incorrect, include, but are not limited to, the assumptions set forth herein and in management's discussion and analysis for the year ended December 31, 2025 (the "2025 MD&A") and the Company's Annual Information Form (the "AIF") for the year ended December 31, 2025 filed with Canadian securities regulators and that are included in its Annual Report on Form 40-F for the year ended December 31, 2025 (the "Form 40-F") filed with the U.S. Securities and Exchange Commission (the "SEC") as well as: that there are no significant disruptions affecting operations; that production, permitting, development, expansion and the operations at each of Agnico Eagle's properties proceeds on a basis consistent with current expectations and plans; that the Company's plans for its mining operations are not changed or amended in a material way; that the relevant metal prices, foreign exchange rates and prices for key mining and construction inputs (including labour and electricity) will be consistent with Agnico Eagle's expectations; that the effect of tariffs or trade disputes will not materially affect the price or availability of the inputs the Company uses at its operations; that Agnico Eagle's current estimates of mineral reserves, mineral resources, mineral grades and metal recovery are accurate; that there are no material delays in the timing for completion of ongoing growth projects; that seismic activity at the Company's operations at LaRonde, Goldex, Fosterville and other properties is as expected by the Company and that the Company's efforts to mitigate its effect on mining operations, including with respect to community relations, are successful; that the Company's current plans to address climate change and reduce greenhouse gas emissions are successful; that the Company's current plans to optimize production are successful; that there are no material variations in the current tax and regulatory environment; that governments, the Company or others do not take measures in response to pandemics or other health emergencies or otherwise that, individually or in the aggregate, materially affect the Company's ability to operate its business or its productivity; and that measures taken relating to, or other effects of, pandemics or other health emergencies do not affect the Company's ability to obtain necessary supplies and deliver them to its mine sites. Many factors, known and unknown, could cause the actual results to be materially different from those expressed or implied by such forward-looking statements. Such risks include, but are not limited to: the volatility of prices of gold and other metals; uncertainty of mineral reserves, mineral resources, mineral grades and mineral recovery estimates; uncertainty of future production, project development, capital expenditures and other costs; foreign exchange rate fluctuations; inflationary pressures; financing of additional capital requirements; cost of exploration and development programs; seismic activity at the Company's operations, including at LaRonde, Goldex and Fosterville; mining risks; community protests, including by Indigenous groups; risks associated with foreign operations; risks associated with joint ventures; governmental and environmental regulation; the volatility of the Company's stock price; risks associated with the Company's currency, fuel and by-product metal derivative strategies; the current interest rate environment; the potential for major economies to encounter a slowdown in economic activity or a recession; the potential for increased conflict or hostilities in various regions, including Europe, South America and the Middle East; and the extent and manner of communicable diseases or outbreaks, and measures taken by governments, the Company or others to attempt to mitigate the spread thereof may directly or indirectly affect the Company. For a more detailed discussion of such risks and other factors that may affect the Company's ability to achieve the expectations set forth in the forward-looking statements contained in this news release, see the AIF and 2025 MD&A filed on SEDAR+ at www.sedarplus.ca and included in the Form 40-F filed on EDGAR at www.sec.gov, as well as the Company's other filings with the Canadian securities regulators and the SEC. Other than as required by law, the Company does not intend, and does not assume any obligation, to update these forward-looking statements.
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, /PRNewswire/ - Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) ("Agnico Eagle" or the "Company") reports that a rock mass movement occurred on July 1, 2026, along the north wall of the Barnat open pit at the Canadian Malartic complex in Quebec, Canada. There were no injuries, equipment damage or environmental impact as a result of the event. As a precautionary measure, the Company has temporarily suspended mining operations in the Barnat open pit.
The rock mass movement occurred within an area that had been previously identified as having weaker geological structures within the north wall at Barnat and was subject to enhanced geotechnical monitoring in accordance with established mine planning and safety protocols, including safety exclusion zones.
The Company's technical teams are conducting a detailed geotechnical assessment to confirm the stability of the affected area and determine the appropriate path forward. Planning activities are underway to support the safe and orderly resumption of operations in the Barnat pit. Safety remains the Company's highest priority.
During the suspension of in-pit mining operations, the Canadian Malartic processing plant will be supplied with low-grade ore from existing stockpiles in place of planned Barnat ore feed. This approach is expected to help mitigate the near-term impact on production.
Production in the second quarter of 2026 was not affected and the Company expects production for the second quarter of approximately 845,000 ounces of gold, slightly ahead of plan. However, based on currently available information, the Company expects the rock mass movement to reduce production in the second half of 2026 at Canadian Malartic by approximately 60,000 to 80,000 ounces of gold. Accordingly, the Company expects full year 2026 production to be near the lower end of its previously disclosed guidance range of 3.3 million to 3.5 million ounces of gold.
The Barnat open pit was expected to be mined out by early 2029. While the Company's geotechnical assessment remains ongoing, the event is currently expected to result in reduced production in both 2027 and 2028 of up to approximately 150,000 ounces of gold per year. The Company is continuing to evaluate opportunities to mitigate this potential impact to its production outlook.
Importantly, the Company believes that the rock mass movement will not affect the development or production outlook for the Odyssey mine and does not change the pathway to achieving annual production of 1 million ounces of gold from the Canadian Malartic complex in the early 2030s.
The Company will continue to advance its geotechnical assessment and refine the timing for a safe restart of mining operations at the Barnat open pit. Further updates to production and cost guidance will be provided with the Company's second quarter 2026 results, scheduled for release after market close on July 29, 2026.
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. Agnico Eagle 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.
For further information regarding Agnico Eagle, contact Investor Relations at [email protected] or call (416) 947-1212.
Forward-Looking Statements
Certain statements contained in this news release constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" under the provisions of Canadian provincial securities laws and are referred to herein as "forward-looking statements". All statements, other than statements of historical fact, that address circumstances, events, activities or developments that could, or may or will occur are forward-looking statements. When used in this news release, the words "could", "estimate", "expect", "guide", "may", "pathway", "plan", "potential", "schedule", "will", and similar expressions are intended to identify forward-looking statements.
Forward-looking statements in this news release include, without limitation, statements relating to the Company's forward-looking guidance, including gold production for 2026, 2027 and 2028; life of mine estimates; the use of low-grade stock piles at the Canadian Malartic processing facility; the potential to mitigate the impact production impacts from the rock mass movement; the target to achieve annual production of 1 million ounces of gold from the Canadian Malartic complex in the early 2030s; the expected impact of the rock mass movement on the development and production outlook of the Odyssey mine; the expected environmental impact of the rock mass movement; and the potential to restart mining operations at the Barnat pit. Such statements reflect the Company's views as at the date of this news release and are subject to certain risks, uncertainties and assumptions, and undue reliance should not be placed on such statements. Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by Agnico Eagle as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The material factors and assumptions used in the preparation of the forward-looking statements contained herein, which may prove to be incorrect, include, but are not limited to, the assumptions set forth herein and in management's discussion and analysis for the year ended December 31, 2025 (the "2025 MD&A") and the Company's Annual Information Form (the "AIF") for the year ended December 31, 2025 filed with Canadian securities regulators and that are included in its Annual Report on Form 40-F for the year ended December 31, 2025 (the "Form 40-F") filed with the U.S. Securities and Exchange Commission (the "SEC") as well as: that there are no significant disruptions affecting operations; that production, permitting, development, expansion and the operations at each of Agnico Eagle's properties proceeds on a basis consistent with current expectations and plans; that the Company's plans for its mining operations are not changed or amended in a material way; that the relevant metal prices, foreign exchange rates and prices for key mining and construction inputs (including labour and electricity) will be consistent with Agnico Eagle's expectations; that the effect of tariffs or trade disputes will not materially affect the price or availability of the inputs the Company uses at its operations; that Agnico Eagle's current estimates of mineral reserves, mineral resources, mineral grades and metal recovery are accurate; that there are no material delays in the timing for completion of ongoing growth projects; that seismic activity at the Company's operations at LaRonde, Goldex, Fosterville and other properties is as expected by the Company and that the Company's efforts to mitigate its effect on mining operations, including with respect to community relations, are successful; that the Company's current plans to address climate change and reduce greenhouse gas emissions are successful; that the Company's current plans to optimize production are successful; that there are no material variations in the current tax and regulatory environment; that governments, the Company or others do not take measures in response to pandemics or other health emergencies or otherwise that, individually or in the aggregate, materially affect the Company's ability to operate its business or its productivity; and that measures taken relating to, or other effects of, pandemics or other health emergencies do not affect the Company's ability to obtain necessary supplies and deliver them to its mine sites. Many factors, known and unknown, could cause the actual results to be materially different from those expressed or implied by such forward-looking statements. Such risks include, but are not limited to: the volatility of prices of gold and other metals; uncertainty of mineral reserves, mineral resources, mineral grades and mineral recovery estimates; uncertainty of future production, project development, capital expenditures and other costs; foreign exchange rate fluctuations; inflationary pressures; financing of additional capital requirements; cost of exploration and development programs; seismic activity at the Company's operations, including at LaRonde, Goldex and Fosterville; mining risks; community protests, including by Indigenous groups; risks associated with foreign operations; risks associated with joint ventures; governmental and environmental regulation; the volatility of the Company's stock price; risks associated with the Company's currency, fuel and by-product metal derivative strategies; the current interest rate environment; the potential for major economies to encounter a slowdown in economic activity or a recession; the potential for increased conflict or hostilities in various regions, including Europe, South America and the Middle East; and the extent and manner of communicable diseases or outbreaks, and measures taken by governments, the Company or others to attempt to mitigate the spread thereof may directly or indirectly affect the Company. For a more detailed discussion of such risks and other factors that may affect the Company's ability to achieve the expectations set forth in the forward-looking statements contained in this news release, see the AIF and 2025 MD&A filed on SEDAR+ at www.sedarplus.ca and included in the Form 40-F filed on EDGAR at www.sec.gov, as well as the Company's other filings with the Canadian securities regulators and the SEC. Other than as required by law, the Company does not intend, and does not assume any obligation, to update these forward-looking statements.
Key Takeaways Agnico Eagle's strong free cash flows support growth projects and financial flexibility.AEM is investing strong cash flows in major projects, including Odyssey, Detour Lake and Hope Bay.AEM's 2026 and 2027 EPS estimates have moved higher over the past 60 days. Agnico Eagle Mines Limited (AEM - Free Report) logged first-quarter free cash flow of roughly $732 million, climbing 23% year over year. The upside was backed by higher gold prices and robust operational results. Operating cash flow was roughly $1.3 billion in the first quarter, up around 29% from the year-ago quarter.
Notably, AEM’s free cash flow surged 105% year over year to a record $4.4 billion in 2025. Operating cash flow for full-year 2025 was also a record $6.8 billion, driven by operational efficiencies.
AEM’s strong liquidity position and substantial cash flows allow it to maintain a strong exploration budget and fund a robust pipeline of growth projects. The strong free cash flow supports investments in growth initiatives, including the Odyssey project in the Canadian Malartic Complex, Detour Lake, Hope Bay, Upper Beaver and San Nicolas.
A robust free cash flow generation places AEM firmly in the upper tier of gold producers. This allows the company to pivot these funds into high-return growth initiatives, enhance its shareholder returns and further accelerate debt reduction.
Among Agnico Eagle’s peers, Newmont Corporation (NEM - Free Report) registered a record quarterly free cash flow in the first quarter, underpinned by its operational efficiency, the strength of its asset portfolio and higher gold and silver prices. NEM’s free cash flow surged 161% year over year to $3.1 billion in the first quarter, led by an increase in net cash from operating activities and lower capital investment. Newmont, on its first-quarter call, said that it expects to continue delivering strong free cash flows in 2026, aided by its world-class portfolio.
Barrick Mining Corporation (B - Free Report) generates strong cash flows, with a significant portion funneled back to its investors. In the first quarter, Barrick generated strong operating cash flows of roughly $2.6 billion, up 111% year over year. Barrick’s attributable free cash flow shot up 195% year over year to around $1.2 billion.
The Zacks Rundown for AEMAgnico Eagle’s shares have gained 30.4% in the past year against the Zacks Mining – Gold industry’s rise of 43.2%.
Image Source: Zacks Investment Research
From a valuation standpoint, AEM is currently trading at a forward 12-month earnings multiple of 11.56, a roughly 23.6% premium to the industry average of 9.35X. It carries a Value Score of C.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for AEM’s 2026 and 2027 earnings implies a year-over-year rise of 59.4% and 1.6%, respectively. The EPS estimates for 2026 and 2027 have been trending higher over the past 60 days.
Agnico Eagle Mines (AEM - Free Report) ended the recent trading session at $153.76, demonstrating a -2.21% change from the preceding day's closing price. This move lagged the S&P 500's daily gain of 1.18%. On the other hand, the Dow registered a gain of 0.59%, and the technology-centric Nasdaq increased by 2.07%.
Shares of the gold mining company witnessed a loss of 14.15% over the previous month, trailing the performance of the Basic Materials sector with its loss of 5.12%, and the S&P 500's loss of 2.9%.
Analysts and investors alike will be keeping a close eye on the performance of Agnico Eagle Mines in its upcoming earnings disclosure. The company's upcoming EPS is projected at $3.14, signifying a 61.86% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $3.94 billion, up 39.96% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $13.2 per share and revenue of $16.66 billion. These totals would mark changes of +59.42% and +39.89%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Agnico Eagle Mines. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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. The Zacks Consensus EPS estimate has moved 0.51% higher within the past month. Currently, Agnico Eagle Mines is carrying a Zacks Rank of #3 (Hold).
Digging into valuation, Agnico Eagle Mines currently has a Forward P/E ratio of 11.91. This indicates a premium in contrast to its industry's Forward P/E of 9.03.
It's also important to note that AEM currently trades at a PEG ratio of 3.45. 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. Mining - Gold stocks are, on average, holding a PEG ratio of 0.86 based on yesterday's closing prices.
The Mining - Gold industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 173, putting it in the bottom 30% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
, /PRNewswire/ - Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) ("Agnico Eagle" or the "Company") today announced that it will release its second quarter 2026 results on Wednesday, July 29, 2026, after normal trading hours.
Second Quarter 2026 Results Conference Call and Webcast
Agnico Eagle's senior management will host a conference call on Thursday, July 30, 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 02161 #. The conference call replay will expire on August 30, 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.
Key Takeaways Agnico Eagle is progressing Odyssey, Hope Bay and Upper Beaver to support future growth.Barrick is advancing Goldrush, Fourmile and Lumwana projects to expand gold and copper output.Agnico Eagle and Barrick generated strong cash flows while returning capital to shareholders. Agnico Eagle Mines Limited (AEM - Free Report) and Barrick Mining Corporation (B - Free Report) are two leading players in the gold mining space with global operations and diversified portfolios. While gold prices have experienced a significant downward correction after reaching peak levels in January 2026, they remain at supportive levels. Against this backdrop, comparing the two industry giants is particularly relevant for investors seeking exposure to the precious metals sector.
Heightened geopolitical tensions, a weaker U.S. dollar, tariff-related concerns and concerns surrounding the Federal Reserve’s independence had driven bullion to a record high of nearly $5,600 per ounce in late January. Since then, gold pulled back sharply due to inflation concerns triggered by a surge in crude oil prices amid Middle East tensions, with prices falling to $4,500 per ounce around the end of May.
Bullion continues to retreat this month, with prices slipping below $4,000 per ounce to a near eight-month low lately on rising rate hike expectations and a strengthening greenback despite reduced inflation concerns following the interim agreement between the United States and Iran. Meanwhile, the Fed held interest rates steady in the latest policy meeting, but signaled a potential rate increase before the year's end. Despite the significant pullback, bullion is still up around 20% year over year.
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.
The Hope Bay Project, with proven and probable mineral reserves of 3.4 million ounces, is expected to play a significant role in generating cash flow in the years to come. AEM advanced site preparations for a potential project redevelopment in the first quarter of 2026. At Canadian Malartic, Agnico Eagle is advancing the transition to underground mining with the construction of the Odyssey mine and executing other opportunities to beef up annual production. Production from East Gouldie commenced from the ramp in the first quarter.
Drilling at the Marban deposit, added through the acquisition of O3 Mining, focuses on mineral reserve and mineral resource expansion. AEM also continued to work on a feasibility study at San Nicolas. At Detour Lake, AEM advanced the development of the exploration ramp during the first quarter. Development activities also advanced at Upper Beaver, which has the potential to produce 200,000-225,000 ounces of gold and 3,600 tons of copper annually.
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 $1.3 billion in the first quarter, up around 29% from the year-ago quarter.
AEM’s first-quarter free cash flow climbed 23% year over year to roughly $732 million. The upside was backed by the strength in gold prices and robust 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.
The company had a long-term debt of $197 million at the end of the first quarter. It ended the quarter with a significant net cash position of roughly $2.9 billion, driven by an increase in cash. Agnico Eagle's long-term debt-to-capitalization is just around 1.1%, lower than Barrick’s 11.3%.
AEM also returned around $1.4 billion to its shareholders in 2025 and $375 million in the first quarter through dividends and share buybacks. It raised the quarterly dividend by 12.5% to 45 cents per share. AEM offers a dividend yield of 1.1% at the current stock price. It has a five-year annualized dividend growth rate of 2.7%. AEM has a payout ratio of 18%.
Agnico Eagle remains exposed to higher production costs. Its all-in-sustaining costs (AISC) — a critical cost metric for miners — were $1,483 per ounce in the first quarter, marking a roughly 26% 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 $1,093, 22% higher than $895 a year ago. Total cash costs rose due to increased royalty 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.
The Case for BarrickBarrick is well-positioned to capitalize on advancements across its key growth projects, which are expected to meaningfully boost production. Its major gold and copper initiatives, including Goldrush, the Pueblo Viejo plant expansion and mine life extension, Fourmile and Lumwana Super Pit, are progressing on schedule and within budget, setting the stage for the next wave of profitable output.
The Goldrush mine is ramping up to the targeted 400,000 ounces of production per annum by 2028. Bordering Goldrush is the Fourmile project, which is yielding grades double those of Goldrush and is anticipated to become another Tier One mine. Barrick has announced the advancement of its planned IPO (expected to be completed by the end of 2026) of a new company that will hold its North American gold assets and the Fourmile project, in which it will hold a significant controlling interest.
The $2-billion Super Pit Expansion Project at Barrick’s Lumwana mine is progressing steadily, accelerating its shift into a Tier One copper mine. Barrick stated that the Lumwana expansion is the result of a significant turnaround, transforming the mine from an underperforming asset into a vital part of both its global copper portfolio and Zambia’s long-term development strategy. The expansion is expected to produce 240,000 tons of copper annually.
Barrick has a solid liquidity position and generates healthy cash flows, positioning it well to take advantage of attractive development, exploration and acquisition opportunities, drive shareholder value and reduce debt. At the end of the first quarter of 2026, Barrick’s cash and cash equivalents were around $7.1 billion. It generated strong operating cash flows of roughly $2.6 billion in the quarter, up 111% year over year. Attributable free cash flow shot up 195% year over year to around $1.2 billion.
Barrick returned $2.4 billion to its shareholders in 2025 through dividends and repurchases. It repurchased shares worth $1.5 billion last year. The company’s board authorized a new $3 billion share buyback program. Its new dividend policy targets a total payout of 50% of attributable free cash flow on an annualized basis.
Barrick offers a dividend yield of 1.8% at the current stock price. Its payout ratio is 55%, with a five-year annualized dividend growth rate of roughly 13.4%.
Barrick, however, is challenged by higher costs, which may weigh on its margins. It saw an 8% sequential increase in AISC in the first quarter, reaching $1,708 per ounce. For 2026, Barrick projects AISC in the range of $1,760-$1,950 per ounce, indicating a significant year-over-year increase at the midpoint compared with $1,637 in 2025. Cash costs per ounce are forecast to be $1,330-$1,470, up from $1,199 in 2025.
AEM & B: Price Performance, Valuation & Other ComparisonsAEM stock has gained 24.7% in the past year, while B stock has rallied 72% compared with the Zacks Mining – Gold industry’s increase of 41.7%.
Image Source: Zacks Investment Research
The AEM stock is currently trading at a forward 12-month earnings multiple of 11.54. This represents a roughly 21.7% premium when stacked up with the industry average of 9.48X.
Image Source: Zacks Investment Research
Barrick is currently trading at a forward 12-month earnings multiple of 9, below the industry and AEM.
Image Source: Zacks Investment Research
AEM’s return on equity of 21.1% is higher than B’s 14.8%. This reflects Agnico Eagle’s efficient use of shareholder funds in generating profits.
Image Source: Zacks Investment Research
How Does Zacks Consensus Estimate Compare for AEM & B?The Zacks Consensus Estimate for AEM’s 2026 sales and EPS implies year-over-year growth of 39.9% and 59.4%, respectively. The EPS estimates for 2026 have been trending northward over the past 60 days.
Image Source: Zacks Investment Research
The consensus estimate for B’s 2026 sales and EPS implies a year-over-year rise of 22.3% and 56.2%, respectively. The EPS estimates for 2026 have been trending higher over the past 60 days.
Image Source: Zacks Investment Research
AEM or B: Which Is the Better Pick Now?Both AEM and B currently carry 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 Barrick have a strong pipeline of development projects, solid financial health and strong earnings growth prospects, and are seeing favorable estimate revisions. Higher realized gold prices are also expected to drive their margins and cash flows. AEM's higher growth projections and superior return on equity suggest that it may offer better investment prospects in the current market environment. AEM’s lower leverage also indicates lesser financial risks. Investors seeking exposure to the gold space might consider Agnico Eagle as the more favorable option at this time.
London, United Kingdom--(Newsfile Corp. - June 24, 2026) - Edison issues report on Alter Ego Media (ATH: AEM).
Alter Ego Media (AEM) owns a portfolio of leading media and entertainment assets in Greece. Management's strategy is to evolve the group from a traditional advertising-dependent media company into a broader media and entertainment business with more diverse and resilient revenue streams, while delivering operational efficiencies. The relatively underdeveloped nature of the Greek media and entertainment sectors, following a prolonged period of economic disruption, together with a supportive macroeconomic backdrop, provides opportunities to grow market share and drive the evolution of the industries. A conservative balance sheet, with no financial debt except operating leases, provides plenty of flexibility in its capital allocation, which already includes shareholder returns in the form of an annual dividend, with a scrip alternative, and a share buyback programme.
Click here to read the full report.
All reports published by Edison are available to download free of charge from its website
www.edisongroup.com
Edison is authorised and regulated by the Financial Conduct Authority.
Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.
Connect with Edison on:
LinkedIn www.linkedin.com/company/edison-group-/
X www.x.com/edison_inv_res
YouTube www.youtube.com/edisonitv
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/302671
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Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM ScoreIf you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
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Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Agnico Eagle Mines (AEM - Free Report) Toronto, Canada-based Agnico Eagle Mines Limited is a gold producer with mining operations in Canada, Mexico and Finland, and exploration activities in Canada, Europe, Latin America and the United States. It successfully completed its merger with Kirkland Lake Gold in February 2022.
AEM is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Additionally, the company could be a top pick for growth investors. AEM has a Growth Style Score of A, forecasting year-over-year earnings growth of 59.4% for the current fiscal year.
Five analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.02 to $13.20 per share. AEM also boasts an average earnings surprise of +9.9%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, AEM should be on investors' short list.
Agnico Eagle Mines (AEM - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Shares of this gold mining company have returned -6.2% 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 lost 4.7% 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.
Earnings Estimate RevisionsHere 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.
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.
Agnico is expected to post earnings of $3.14 per share for the current quarter, representing a year-over-year change of +61.9%. Over the last 30 days, the Zacks Consensus Estimate has changed -0.6%.
For the current fiscal year, the consensus earnings estimate of $13.2 points to a change of +59.4% from the prior year. Over the last 30 days, this estimate has changed +0.5%.
For the next fiscal year, the consensus earnings estimate of $13.41 indicates a change of +1.6% from what Agnico is expected to report a year ago. Over the past month, the estimate has changed +0.1%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. 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 #3 (Hold) for Agnico.
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 $3.94 billion indicates a year-over-year change of +40%. For the current and next fiscal years, $16.66 billion and $16.94 billion estimates indicate +39.9% and +1.7% changes, respectively.
Last Reported Results and Surprise HistoryAgnico reported revenues of $4.1 billion in the last reported quarter, representing a year-over-year change of +66.1%. EPS of $3.4 for the same period compares with $1.53 a year ago.
Compared to the Zacks Consensus Estimate of $3.84 billion, the reported revenues represent a surprise of +6.68%. The EPS surprise was +6.58%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time 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.
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 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.
Agnico Eagle Mines (AEM - Free Report) ended the recent trading session at $160.16, demonstrating a -4.01% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 1.44%. Meanwhile, the Dow lost 0.09%, and the Nasdaq, a tech-heavy index, lost 2.22%.
Prior to today's trading, shares of the gold mining company had lost 5.15% lagged the Basic Materials sector's loss of 0.5% and the S&P 500's gain of 0.08%.
Analysts and investors alike will be keeping a close eye on the performance of Agnico Eagle Mines in its upcoming earnings disclosure. The company is predicted to post an EPS of $3.14, indicating a 61.86% growth compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $3.94 billion, indicating a 39.96% growth compared to the corresponding quarter of the prior year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $13.2 per share and a revenue of $16.66 billion, signifying shifts of +59.42% and +39.89%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Agnico Eagle Mines. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
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 past month, there's been a 0.51% rise in the Zacks Consensus EPS estimate. Agnico Eagle Mines is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Agnico Eagle Mines is presently being traded at a Forward P/E ratio of 12.64. This signifies a premium in comparison to the average Forward P/E of 9.3 for its industry.
We can additionally observe that AEM currently boasts a PEG ratio of 3.66. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Mining - Gold stocks are, on average, holding a PEG ratio of 0.93 based on yesterday's closing prices.
The Mining - Gold industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 164, placing it within the bottom 33% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
TORONTO--(BUSINESS WIRE)--Agnico Eagle Mines Limited (NYSE: AEM, TSX: AEM) (“Agnico Eagle”) and Rupert Resources Ltd (TSX: RUP, OTCQX: RUPRF, FSE:R05) (“Rupert”) today announced the successful completion of the previously-announced plan of arrangement (the “Arrangement”) under the provisions of the Business Corporations Act (British Columbia) pursuant to which, among other things, Agnico Eagle acquired all of the issued and outstanding common shares of Rupert (the “Shares”) that it did not already own (the “Transaction”).
Pursuant to the Arrangement, each Share was exchanged for: (i) 0.0401 of a common share of Agnico Eagle (the “Share Consideration”); and (ii) contingent consideration of up to C$3.00, in the form of a contingent value right (a “CVR”, and together with the Share Consideration, the “Consideration”), that is payable in cash upon certain milestones being achieved over the 10 year term of the CVR, all as more particularly described in Rupert’s management information circular dated May 7, 2026 (the “Circular”).
As a result of the completion of the Transaction, it is expected that the Shares will be de-listed from the Toronto Stock Exchange (the “TSX”) and withdrawn from quotation on the OTCQX Best Market of the OTC Markets Group (the “OTCQX”) shortly after the date hereof and Rupert will promptly apply to the applicable Canadian securities regulators to cease to be a reporting issuer (or equivalent) under applicable Canadian securities laws.
Further details regarding the Transaction are included in the Circular, a copy of which is available under Rupert’s issuer profile on SEDAR+ at www.sedarplus.ca.
Action Required by Rupert Shareholders
Registered holders of Shares are reminded to submit a duly completed Letter of Transmittal and the share certificate(s) and/or direct registration system statement(s), as applicable, representing their Shares to Computershare Investor Services Inc. (“Computershare”), the depositary for the Arrangement, to receive the Consideration they are entitled to under the Arrangement. If you have questions or require further information about the procedures to complete your Letter of Transmittal, please contact Computershare by telephone at 1 (800) 564-6253 (toll-free in North America) or (514) 982-7555 (outside North America), by facsimile at (905) 771-4082 or by email at [email protected].
Non-registered holders of Shares are not required to submit a Letter of Transmittal. Non-registered holders of Shares will receive the Consideration they are entitled to through the intermediary in whose name their Shares are held and should contact such intermediary for assistance and instructions in depositing their Shares.
Listing of CVRs
As previously announced, the CVRs issuable to Rupert securityholders pursuant to the Arrangement have received conditional listing approval from the TSX. The listing, which will be the first of its kind on the TSX, will enable trading of the CVRs on the TSX and is expected to provide holders with enhanced liquidity and price discovery. The CVRs will trade under the symbol “AEM.CV”.
In connection with the listing of the CVRs, Agnico Eagle will provide an undertaking to the TSX to provide specified public disclosure in respect of the CVRs, as follows:
Reporting on a quarterly basis of material developments, if any, pertaining to the mining rights acquired from Rupert today (the “Acquired Property”); and Annual disclosure of the number of ounces of gold in mineral reserves on the Acquired Property in Agnico Eagle’s annual statement of mineral resources and mineral reserves. The TSX’s conditional approval is being provided on a discretionary basis pursuant to the TSX Sandbox program, which is designed to facilitate listing applications for novel securities such as the CVRs. The CVRs will exit the TSX Sandbox upon satisfaction of certain conditions, including continued compliance by Agnico Eagle with the TSX’s standard listing requirements and payment to holders in respect of the first milestone under the CVRs.
Listing of the CVRs remains subject to satisfaction of certain conditions, including the TSX’s minimum public distribution requirements. Subject to the satisfaction of these conditions, CVRs are expected to commence trading on June 18, 2026.
About Agnico Eagle Mines Limited
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. Agnico Eagle 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.
For further information regarding Agnico Eagle, contact Investor Relations at [email protected] or call (416) 947-1212.
About Rupert Resources Ltd.
Rupert Resources Ltd. is a gold exploration and development company focused on advancing the Ikkari project in the Central Lapland Greenstone Belt of Northern Finland.
This press release contains statements which may constitute “forward-looking information” within the meaning of applicable securities laws. The words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect”, “continue” and similar expressions, as they relate to Agnico Eagle or Rupert, are intended to identify such forward-looking statements. Forward-looking statements included in this press release include, but are not limited to, statements relating to: the de-listing of the Shares from the TSX and withdrawal from quotation on the OTCQX and Rupert’s application for an order to cease to be a reporting issuer (or equivalent) under applicable Canadian securities laws; the expected listing date of the CVRs on the TSX and the benefits to be derived from such listing; the achievement of the milestones related to the CVRs; the conditions under which the CVRs will exit the TSX Sandbox; and future public disclosure regarding the CVRs. Investors are cautioned that forward-looking statements are based on the opinions, assumptions and estimates of Rupert and Agnico Eagle considered reasonable at the date the statements are made, and are inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include, among others, the possibility that the shares will not be de-listed from the TSX or withdrawn from quotation on the OTCQX within the timing currently contemplated or at all; that Rupert’s application to for an order to cease to be a reporting issuer (or equivalent) under applicable Canadian securities laws may not be accepted or may be delayed; the conditions to listing the CVRs on the TSX may not be satisfied; the requirements relating to public disclosure regarding the CVRs may change over time as securities laws and the interpretation thereof may change; and general economic, business and political conditions. Additional risk factors are discussed or referred to in the Circular, and in Rupert’s and Agnico Eagle’s most recent Annual Information Forms, for their respective years ended December 31, 2025, available under Rupert and Agnico Eagle’s respective issuer profiles on SEDAR+ at www.sedarplus.ca. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although Agnico Eagle and Rupert have attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, Agnico Eagle and Rupert do not intend, and do not assume any obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.
Investors looking for stocks in the Mining - Gold sector might want to consider either Newmont Corporation (NEM) or Agnico Eagle Mines (AEM). But which of these two stocks presents investors with the better value opportunity right now?
In the latest trading session, Agnico Eagle Mines (AEM - Free Report) closed at $175.82, marking a +2.34% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.57%. Meanwhile, the Dow experienced a rise of 0.64%, and the technology-dominated Nasdaq saw a decrease of 1.15%.
Prior to today's trading, shares of the gold mining company had lost 4.13% lagged the Basic Materials sector's gain of 3.28% and the S&P 500's gain of 2.14%.
The investment community will be closely monitoring the performance of Agnico Eagle Mines in its forthcoming earnings report. The company is forecasted to report an EPS of $3.14, showcasing a 61.86% upward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $3.94 billion, up 39.96% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $13.2 per share and revenue of $16.66 billion. These totals would mark changes of +59.42% and +39.89%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for Agnico Eagle Mines. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 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 0.51% higher. As of now, Agnico Eagle Mines holds a Zacks Rank of #3 (Hold).
From a valuation perspective, Agnico Eagle Mines is currently exchanging hands at a Forward P/E ratio of 13.01. This valuation marks a premium compared to its industry average Forward P/E of 9.48.
One should further note that AEM currently holds a PEG ratio of 3.77. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Mining - Gold industry was having an average PEG ratio of 0.97.
The Mining - Gold industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 159, finds itself in the bottom 35% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.
Stock Symbol: AEM (NYSE and TSX) TORONTO, May 20, 2026 /PRNewswire/ - Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) ("Agnico Eagle" or the "Company") announced today that it entered into a subscription agreement with Wallbridge Mining Company Limited ("Wallbridge"), pursuant to which Agnico Eagle agreed to purchase 243,927,966 common shares of Wallbridge ("Common Shares") at a price of C$0.092 per Common Share for total consideration of C$22,441,373 (the "Private Placement"). The Private Placement is subject to certain closing conditions, including approval of the Toronto Stock Exchange, and is expected to close on or about May 22, 2026.
Agnico (AEM) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
FG: TSX-V VANCOUVER, BC, May 22, 2026 /PRNewswire/ - Falcon Gold Corp. (TSXV: FG) (FSE: 3FA) (OTC-Pinks: FGLDF) ("Falcon" or the "Company") notes the growing momentum within Ontario's mining sector following recent announcements by Agnico Eagle Mines Limited and the Government of Ontario outlining approximately $14 billion in planned spending and investment across the province's mining sector through 2030. (Government of Ontario) The announcement comes as Ontario continues to strengthen its position as one of the world's leading mining jurisdictions following recent permitting reforms aimed at accelerating responsible mine development timelines.
Agnico Eagle delivered record operating margins in Q1 2026, posted $1.695 billion in net income, and reaffirmed full-year production guidance of 3.3 to 3.5 million ounces. The balance sheet carries over $2 billion in net cash, and Fitch upgraded the credit rating to A- last month. At a forward P/E of 12.96 and a forward EV/EBITDA of 7x, the stock trades below sector medians and roughly 40% below its own five-year average valuation after a 15%.
On May 27, 2026, we conducted a DCF analysis for Agnico Eagle Mines Ltd (AEM), a company currently trading at $180.57. The stock has shown a strong performance
Agnico Eagle Mines remains a Buy, supported by record results, robust financials, and peer-leading cost structure amid gold price volatility. AEM plans over $10 billion in Ontario mine investments by 2030, targeting 4Moz annual gold production and portfolio expansion, recently announcing a positive decision surrounding the Hope Bay project. Strong balance sheet with $3.11 billion cash and minimal debt enables flexibility for shareholder returns and growth, targeting ~40% FCF return via dividends and buybacks.
Vancouver, British Columbia--(Newsfile Corp. - June 4, 2026) - Prism Resources Inc. (TSXV: PRS.H) (the "Company") announces that it has entered into a royalty purchase agreement (the "Royalty Purchase Agreement") with Agnico Eagle Mines Limited ("Agnico") pursuant to which the Company will sell its 7.5% net profit interest royalty (the "Royalty") over certain properties in the Porcupine Mining District of Ontario, including Agnico's Aurora and Sunday Lake properties, to Agnico for cash consideration of $5,000,000 (the "Transaction"). Recommendation of the Board and Special Committee The board of directors of the Company (the "Board") established a special committee (the "Special Committee") to review, assess and advise the Board on the Transaction, which is currently comprised of Patrick Evans as the sole member, with Mr.
Stock Symbol: AEM (NYSE and TSX) TORONTO, June 4, 2026 /PRNewswire/ - Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) ("Agnico Eagle") announced today that it has updated its early warning report in respect of Prism Resources Inc. ("Prism") in connection with Agnico Eagle entering into a royalty purchase agreement (the "Royalty Purchase Agreement") with Prism, pursuant to which Agnico Eagle has agreed to purchase Prism's right, title and interest in and to a 7.5% net profit interest royalty (the "Royalty") over certain properties in the Porcupine Mining District of Ontario owned by Agnico Eagle in exchange for $5,000,000 in cash (the "Transaction"). The Transaction is subject to a number of customary closing conditions, including approval by Prism's shareholders and receipt of acceptance of the TSX Venture Exchange.
Agnico (AEM) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
