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
Advertisement
Earn cash back with a smarter spending account
Open a KOHO account and start earning on everyday purchases — no annual fee on the base plan.
Agnico Eagle Mines Limited
AEM.TO
AEM.TO
Agnico Eagle Mines Limited
WealthAwesomeMarket cap
$106.95B
P/E
12.8x
52W high
$348.08
52W low
$169.50
1W change
+3.82%
Beta
0.59
Analyst Price Targets
Based on analyst covering AEM
Wall Street analysts forecast AEM stock price to rise 39.4% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$294.39
+39.4% Upside
Current Price
C$211.22
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
38.9%
Annualized
90-Day Vol
45.3%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$176.68
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$199.01 | C$174.02 – C$227.59 |
| 60 trading days | C$187.51 | C$155.10 – C$226.70 |
| 90 trading days | C$176.68 | C$140.04 – C$222.90 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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% |
Advertisement
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.
Advertisement
Advertisement
Wealth Awesome
Timely coverage of Canadian stocks, earnings, dividends, and market movers for DIY investors. Stories are checked against exchange data and public filings.
View Full Profile →✅ Reviewed by Certified Financial Professionals
This content has been reviewed by CFA® charterholders and Certified Financial Planners (CFP®) with over a decade of experience in Canadian financial markets. All information is fact-checked against official Canadian sources and regulations.
Why these credentials matter: CFA® charterholders complete 900+ hours of rigorous study in investment analysis and ethics. CFP® professionals are held to the highest standards of financial planning competency and fiduciary duty in Canada.
⚠️ Professional Disclaimer
This content is for educational purposes only and should not be considered personalized financial advice. While our team brings professional expertise, individual circumstances vary. For personalized guidance, consult with a qualified financial advisor, tax professional, or mortgage specialist.
