Agnico Eagle has beaten earnings estimates in each of its last four reported quarters. But with its next report approaching, analysts have lowered their forecast and the shares have pulled back.
Agnico Eagle Mines Limited (TSX: AEM) is set to report results for the quarter ended September 30 after markets close on October 28, 2026. Analysts currently expect EPS of C$2.92 and revenue of about C$3.67 billion, up 35.3% and 20% year over year, respectively. The EPS estimate has fallen from C$3.58 a month ago. Analysts made three downward revisions and no upward ones.
Recent earnings trend
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Agnico Eagle Mines Limited
AEM.TO
AEM.TO
Agnico Eagle Mines Limited
WealthAwesomeMarket cap
$124.93B
P/E
15.3x
Div. yield
0.65%
Div. / share
$1.70
52W high
$347.31
52W low
$188.06
1W change
-7.31%
Beta
0.64
Analyst Price Targets
Based on analyst covering AEM · as of Oct 23, 2026
Wall Street analysts forecast AEM stock price to rise 20.0% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$296.00
+20.0% Upside
Previously C$296.88 on Oct 22, 2026
Current Price
C$246.72
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on AEM's historical volatility
30-Day Vol
42.7%
Annualized
90-Day Vol
47.2%
Annualized
Trend (90d)
+50.0%
Annualized drift
90d Mean
C$294.96
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$261.85 | C$225.97 – C$303.44 |
| 60 trading days | C$277.91 | C$225.62 – C$342.32 |
| 90 trading days | C$294.96 | C$228.50 – C$380.74 |
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.
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Analyst coverage: 12 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 | — | 2.5800 | — |
| 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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The report will show whether earnings growth is holding up and whether the company’s results and outlook can steady expectations. Investors can follow AEM.TO on the Agnico Eagle stock page.
Investor takeaway: The picture is mixed. Agnico Eagle has beaten estimates in four straight comparable quarters, but analysts have cut the current EPS forecast, and recent coverage has raised concerns about execution at Canadian Malartic and Odyssey. For Canadian investors, the October 28 report will offer a closer look at operations and whether the company’s outlook supports expectations after a sharp share-price decline.
C$2.92
That’s the current consensus EPS estimate for the September quarter, based on 12 analysts. A month ago, it was C$3.58. Estimates range from C$2.20 to C$4.28, making the results and management’s comments on operating conditions especially important.
Bull case
Analysts still expect strong year-over-year growth, and Agnico Eagle’s recent track record gives investors a reason to watch the results closely: the company has beaten EPS estimates in each of its last four reported quarters. It also reported a 40.44% profit margin in the supplied fundamentals snapshot. If results and management commentary support the growth outlook, the recent estimate cuts may prove too cautious.
Bear case
The EPS forecast has dropped from C$3.58 to C$2.92 in a month, with all three recorded revisions pointing down. Recent broker commentary has also flagged operating risks at Canadian Malartic and Odyssey, along with sensitivity to execution and rising costs. Shares closed at C$246.72, below their 50-day and 200-day moving averages, after falling 13.94% over the past month. A history of beating estimates doesn’t rule out weaker results or cautious guidance.
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