Agnico Eagle Mines Limited continues its strong earnings momentum, surpassing expectations yet again.
Agnico Eagle Mines Limited (AEM.TO) reported its second-quarter 2026 earnings on July 29, 2026, revealing an adjusted EPS of $3.05, beating analysts’ estimates by 4.8%. This marks the fourth consecutive quarter of earnings beats, showcasing the company's operational resilience and strategic focus on growth amidst a fluctuating gold market.
Recent earnings trend
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Agnico Eagle Mines Limited
AEM.TO
AEM.TO
Agnico Eagle Mines Limited
WealthAwesomeMarket cap
$103.06B
P/E
12.4x
Div. yield
0.80%
Div. / share
$1.70
52W high
$348.08
52W low
$177.75
1W change
-1.29%
Beta
0.62
Analyst Price Targets
Based on analyst covering AEM
Wall Street analysts forecast AEM stock price to rise 43.7% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$292.51
+43.7% Upside
Current Price
C$203.52
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
44.8%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$170.24
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$191.76 | C$167.68 – C$219.29 |
| 60 trading days | C$180.68 | C$149.45 – C$218.43 |
| 90 trading days | C$170.24 | C$134.94 – C$214.77 |
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 |
|---|---|---|---|---|
| 2026-09-30 | 2026-10-28 | — | 2.9200 | — |
| 2026-06-30 | 2026-07-29 | 3.0500 | 2.9100 | +4.8% |
| 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% |
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Investor takeaway: With a solid earnings performance and a focus on capital returns, Agnico Eagle Mines presents a compelling case for both growth and income-oriented investors. However, challenges such as production guidance adjustments and operational disruptions at the Barnat pit warrant close attention.
Adjusted EPS of $3.05 vs. Estimate of $2.91
The 4.8% earnings surprise reflects Agnico Eagle's robust operational execution, with record free cash flow of over $1.3 billion for the quarter.
Bull case
Agnico Eagle's strong free cash flow generation and disciplined capital management position it well for future growth. The company is committed to returning capital to shareholders while making strategic investments in promising projects like Hope Bay, which enhances its appeal in the competitive gold mining sector.
Bear case
Concerns about production guidance, especially following the Barnat pit wall incident, could pressure earnings and cash flow in the near term. Analysts have raised alarms about potential declines in earnings over the next few years, leading to questions about the sustainability of its dividend policy.
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