$AEM

Agnico Eagle Reports Higher Q2 Earnings, Maintains 2026 Production Outlook

Agnico Eagle Mines (AEM.TO, AEM) after the close on Wednesday reported second-quarter adjusted earnings per share of $3.07, or adjusted earnings of $1.54 billion, compared to $1.94 per share, or $976 million, in the prior year period. FactSet analysts estimated net income of $2.90 per share.Revenue in the period, ended on June 30, stood at $3.80 billion compared to $2.82 billion, matching the FactSet estimate of $3.80 billion.The company also declared a quarterly cash dividend of $0.45 per common share, payable on Sept. 15 to shareholders of record as of Sept. 1.In its guidance, Agnico said expected payable gold production for the full year 2026 remains near the lower end of the guided range of 3.3 million to 3.5 million ounce. Full year total cash costs per ounce and AISC (all-in sustaining costs) per ounce guidance for 2026 remains unchanged at $1,020 to $1,120 and $1,400 to $1,550, respectively.Total capital expenditures for 2026 are now expected to be between $2.6 billion and $2.8 billion, compared with previous guidance of $2.2 billion to $2.4 billion, the company said.Bausch Health shares were last up $1.18 at $145.61 in US after-hours trading. The stock closed up C$0.22 at C$203.13 on the Toronto Stock Exchange.

CIBC Lowers Price Target on Four Mining Companies

CIBC Capital Markets lowered its price target on four precious and base metals companies.Analyst Anita Soni reduced her target on Agnico-Eagle Mines (AEM.TO, AEM) to $285 from $310, cut Equinox Gold (EQX.TO) to C$27 from C$31, lowered OR Royalties (OR.TO) to C$85 from C$88 and dropped Orla Mining (OLA.TO) to C$27 from C$32."We believe the consolidation in the gold price in H1/26, combined with investors' underweight positioning in the sector, provides the necessary catalyst for the next leg up in the second half of the year, especially if a dovish shift in the Fed's tone triggers a new wave of debasement trades," Soni said in a note to clients."Value investors should view the recent weakness in the share prices of quality companies as an opportunity to establish long-term positions."(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

BofA Securities Adjusts Price Target on Agnico Eagle Mines to $240 From $302, Maintains Buy Rating

Agnico Eagle Mines (AEM) has an average rating of overweight and mean price target of $250.19, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $141.85, Change: $-8.48, Percent Change: -5.64%

Agnico Eagle Suspends Barnat Mining Operations

Agnico Eagle Mines (AEM) said Thursday it temporarily suspended mining operations at the Barnat open pit of its Canadian Malartic complex in Quebec following a rock mass movement along the pit's north wall on Wednesday.The suspension is a precautionary measure, and the company said its technical teams are conducting a detailed geotechnical assessment to confirm the stability of the affected area while planning for the safe resumption of operations.The company said Q2 production was unaffected by the incident but expects the rock mass movement to reduce H2 production at Canadian Malartic by about 60,000 to 80,000 ounces of gold. It therefore expects full-year 2026 production to be near the lower end of its previously issued guidance range of 3.3 million to 3.5 million ounces of gold.Shares of Agnico Eagle were down 1.8% in Thursday trading.Price: $152.06, Change: $-2.79, Percent Change: -1.80%

Agnico Eagle Gets Final Court Approval for Rupert Resources Takeover

Agnico Eagle Mines (AEM) is on track to complete its takeover of Rupert Resources (RUP) next week after the Supreme Court of British Columbia granted final approval.Rupert said Thursday its shareholders will receive 0.0401 of an Agnico Eagle share per share held, plus a contingent value right of up to 3 Canadian dollars ($2.15) in cash tied to milestones over a 10-year period.The court order follows approval by Rupert securityholders at a special meeting on Tuesday.Price: $158.47, Change: $+5.99, Percent Change: +3.93%

CIBC Raises Agnico Eagle Mines Price Target to US$310 from US$304

CIBC Capital Markets on Monday maintained its outperformer rating on shares of Agnico Eagle Mines (AEM.TO, AEM) while raising its price target to US$310 from US$304.The investment bank said higher price target reflects the results of a preliminary economic assessment for the Hope Bay project in Nunavut, fine-tuning the effective tax rate at the Meliadine project, and the miner's favorable first-quarter results.Agnico recently hosted a site tour of the two projects in Nunavut, where the company highlighted its two decades of experience in the territory.At Meliadine, Agnico highlighted its environmental stewardship, approach to human resource management, efforts toward continuous improvements at site, and recent mine life extension to 2036 from 2032.The company plans to apply all of these learnings to advance Hope Bay, including a similar mill blueprint from Meliadine for Hope Bay's mill, CIBC said.Price: $247.01, Change: $-7.02, Percent Change: -2.76%

Agnico Eagle Mines' Outperform Rating, C$350 Price Target Unchanged at National Bank of Canada

National Bank of Canada on Monday reiterated its outperform rating on the shares of Agnico Eagle Mines (AEM.TO, AEM) and its C$350.00 price target after the company decided to go ahead with development of the Hope Bay mine in Nunavut.The bank said higher-than-modelled capital costs at the Hope Bay project, which were estimated at US$2.4 billion, have resulted in a modest reduction in the miner's net asset value per share, the bank said.The rating remains based on Agnico's operations in low-risk jurisdictions, combined with its continued strong/consistent operational performance and improving organic growth outlook."Agnico has maintained capital discipline with increasing capital returns to shareholders," National Bank said."With further outlining the company's long-term growth outlook, we expect the company to maintain its premium multiple relative to peers, trading at 6.8x our EV/2026E EBITDA estimates and 1.08x NAV compared to NBCM Senior Peers at 5.9x and 0.86x, respectively," the bank added.Price: $250.45, Change: $+7.51, Percent Change: +3.09%

Barclays Initiates Coverage on Agnico Eagle Mines With Overweight Rating

Research Alert: CFRA Reiterates Strong Buy Opinion On Shares Of Agnico Eagle Mines Limited

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We decrease our 12-month target by CAD35 to CAD370, as we value AEM using an EV/EBITDA of 8.4x applied to our 2027 EBITDA estimate, in line with AEM's three-year average forward EV/EBITDA of 8.4x and a premium to the peers' average of 5.3x. We increase our EPS estimates: 2026 by USD1.13 to USD14.65 and 2027 by USD2.71 to USD17.58. AEM delivered a strong Q1 with record operating margins driven by elevated gold prices and disciplined cost control. 2026 production guidance remains 3.3-3.5 million ounces with costs tracking to plan. AEM's balance sheet remains strong with $2.9B in net cash, supporting an industry-leading growth pipeline targeting 20%-30% production growth over the next decade through projects at Detour underground, Canadian Malartic expansion, Hope Bay, and Upper Beaver. The proposed Finland consolidation adds a potential 500k oz platform. Management plans to return 40% of free cash flow via dividends and an expanded $2B buyback program, while simultaneously funding high-return growth projects.

Research Alert: Agnico Eagle Mines Posts Strong Q1 Beat, Gold Price Drives Strong Cash Flow

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:AEM delivered Q1 2026 net income of $1,695.5M ($3.39/share), up 108% Y/Y, driven by 68.1% higher realized gold price to $4,968/oz. Adjusted net income of $1,705.8M ($3.41/share, up 123% Y/Y) beat consensus by $0.20, with revenue rising 66.1% Y/Y despite lower production. The results validate our thesis as a best-in-class operator with peer-leading margins and significant operating leverage to gold prices. Management maintained full-year guidance of 3.3-3.5M oz, attributing declines to timing and grade variability rather than structural issues. Q1 production declined 5.6% Y/Y to 825,109 oz with mixed performance, while total cash costs increased 22.1% to $1,093/oz due to higher royalties. AEM's balance sheet with $2,915.3M net cash provides flexibility to accelerate high-return projects. We believe the organic growth pipeline targeting 20%-30% production increase over the next decade remains intact, positioning AEM to deliver production-per-share growth in favorable jurisdictions.

Agnico Eagle Mines Profit More Than Doubles, Beats Estimates As Production Falls

Agnico Eagle Mines (AEM.TO, AEM) rose 0.5% in after-hours New York trading on Thursday after the company reported its first-quarter adjusted profit more than doubled year over year and beat analysts' estimates, despite a decline in gold production.The company said adjusted income, excluding most one-time items, rose to US$1.71 billion, or US$3.41 per share, from US$770 million, or US$1.53, a year ago. FactSet expected US$3.24 per share.Quarterly gold production fell to 825,109 ounces from 873,794 ounces in the prior-year period. Agnico said solid production, combined with higher realized gold prices of $4,861 per ounce in the first quarter, resulted in record operating margins and adjusted net income.The company also declared a quarterly cash dividend of $0.45 per share, payable on June 15, to shareholders of record as of June 1. .In the first quarter, the company repurchased 721,211 shares under the NCIB at an average price of $207.68 per share for aggregate purchases of $150 million."We delivered a solid start to 2026, achieving record operating margins while production and costs tracked well to plan. With gold production expected to be weighted to a stronger second half of the year, we are managing cost volatility through disciplined execution and asset optimization, supported by our regional operating model. This positions us well to deliver on our full year guidance," said chief executive Ammar Al-Joundi.In its outlook, Agnico said full year expected payable gold production in 2026 remains unchanged at 3.3 to 3.5 million ounces, with production now weighted approximately 48% to the first half of the year and 52% to the second half. Full year total cash costs per ounce and AISC per ounce in 2026 remain unchanged at $1,020 to $1,120 and $1,400 to $1,550, respectively.The company's shares were last seen up US$1.00 to US$189.13 i after hours. They closed up C$4.22 to C$255.43 on the Toronto Stock Exchange.

Earnings Flash (AEM) Agnico Eagle Mines Updates On "Key Value Drivers" and Pipeline Projects In Q1 2026

Earnings Flash (AEM) Agnico Eagle Mines Annual Gold Production and Cost Guidance Reiterated