Agnico Eagle Mines Limited continues to show strong financial performance, with a notable earnings surprise this quarter.
In its recent earnings report for Q2 2026, Agnico Eagle Mines Limited (AEM.TO) achieved an adjusted earnings per share (EPS) of $3.05, beating analyst expectations by 4.5%. This marks the fourth consecutive quarter where the company has exceeded earnings estimates, reflecting solid operational execution amid rising gold prices.
Recent earnings trend
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Agnico Eagle Mines Limited
AEM.TO
AEM.TO
Agnico Eagle Mines Limited
WealthAwesomeMarket cap
$150.81B
P/E
18.5x
Div. yield
0.58%
Div. / share
$1.70
52W high
$348.08
52W low
$186.51
1W change
+16.14%
Beta
0.62
Analyst Price Targets
Based on analyst covering AEM
Wall Street analysts forecast AEM stock price to fall 3.0% over the next 12 months.
Consensus
NeutralBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$283.30
-3.0% Upside
Current Price
C$292.11
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on AEM's historical volatility
30-Day Vol
52.3%
Annualized
90-Day Vol
50.8%
Annualized
Trend (90d)
+50.0%
Annualized drift
90d Mean
C$349.22
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$310.03 | C$258.83 โ C$371.34 |
| 60 trading days | C$329.04 | C$254.92 โ C$424.71 |
| 90 trading days | C$349.22 | C$255.47 โ C$477.37 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Analyst coverage: 8 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 4 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-06-30 | 2026-07-29 | 3.0500 | 2.9200 | +4.5% |
| 2026-03-31 | 2026-04-30 | 3.4000 | 3.2100 | +5.9% |
| 2025-12-31 | 2026-02-12 | 2.7000 | 2.6500 | +1.9% |
| 2025-09-30 | 2025-10-29 | 2.1600 | 1.9600 | +10.2% |
| 2025-06-30 | 2025-07-30 | 1.9400 | 1.8000 | +7.8% |
| 2025-03-31 | 2025-04-24 | 1.5300 | 1.3800 | +10.9% |
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Investor takeaway: Agnico Eagle's strong earnings performance highlights its operational strengths and disciplined cost management. However, ongoing challenges at the Barnat pit and inflationary pressures could affect future guidance.
Q2 2026 EPS: $3.05 vs. Estimate: $2.92 (+4.5% Surprise)
The company's quarterly earnings show a year-over-year increase of 57.2%, demonstrating its ability to take advantage of high gold prices while keeping costs under control.
Bull case
Agnico Eagle reported record free cash flow of $1.34 billion and is moving forward with key growth projects, including the construction of the Hope Bay project, which is expected to significantly increase future production.
Bear case
Despite beating earnings estimates, Agnico Eagle's revenues fell short of expectations, and operational disruptions at the Barnat pit have led to a downward adjustment in production guidance, raising concerns about future performance.
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