Agnico Eagle Mines (AEM) Stock Forecast, Price Target & Predictions
AEM Stock Forecast
Agnico Eagle Mines stock forecast is as follows: an average price target of $76.26 (represents a -8.31% downside from AEM’s last price of $83.17) and a rating consensus of 'Buy', based on 12 wall street analysts offering a 1-year stock forecast.
AEM Price Target
The average price target for Agnico Eagle Mines (AEM) is $76.26 based on 1-year price targets from 12 Wall Street analysts in the past 3 months, with a price target range of $83.55 to $66.00. This represents a potential -8.31% downside from AEM's last price of $83.17.
AEM Analyst Ratings
According to 12 Wall Street analysts, Agnico Eagle Mines's rating consensus is 'Buy'. The analyst rating breakdown for AEM stock is 0 'Strong Buy' (0.00%), 11 'Buy' (91.67%), 1 'Hold' (8.33%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Agnico Eagle Mines Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jul 12, 2024 | Matthew Murphy | Jefferies | $66.00 | $74.62 | -11.55% | -20.64% |
| Jul 05, 2024 | Josh Wolfson | RBC Capital | $80.00 | $69.80 | 14.61% | -3.81% |
| Jun 20, 2024 | Jackie Przybylowski | BMO Capital | $77.00 | $64.61 | 19.18% | -7.42% |
| Jun 18, 2024 | Tanya Jakusconek | Scotiabank | $81.00 | $64.61 | 25.37% | -2.61% |
| Jun 08, 2022 | Matthew Murphy | Barclays | $70.00 | $53.48 | 30.89% | -15.84% |
| Apr 21, 2022 | - | Barclays | $71.00 | $61.76 | 14.96% | -14.63% |
| Jan 21, 2022 | Puneet Singh | Industrial Alliance Securities | $83.55 | $50.50 | 65.45% | 0.46% |
The latest Agnico Eagle Mines stock forecast, released on Jul 12, 2024 by Matthew Murphy from Jefferies, set a price target of $66.00, which represents a -11.55% decrease from the stock price at the time of the forecast ($74.62), and a -20.64% decrease from AEM last price ($83.17).
Agnico Eagle Mines Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 4 | 4 |
| Avg Price Target | - | $76.00 | $76.00 |
| Last Closing Price | $83.17 | $83.17 | $83.17 |
| Upside/Downside | -100.00% | -8.62% | -8.62% |
In the current month, the average price target of Agnico Eagle Mines stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Agnico Eagle Mines's last price of $83.17. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 19, 2024 | Scotiabank | Outperform | Outperform | Hold |
| Aug 02, 2024 | TD Securities | Buy | Buy | Hold |
| Jul 29, 2024 | Zacks Investment Research | Positive | Positive | Hold |
| Jul 17, 2024 | National Bank | Outperform | Outperform | Hold |
| Jul 12, 2024 | Jefferies | Hold | Hold | Hold |
| Jul 10, 2024 | CIBC | Outperform | Outperform | Hold |
| Jul 05, 2024 | RBC Capital | Outperform | Outperform | Hold |
| Jun 20, 2024 | BMO Capital | Outperform | Outperform | Hold |
| Jun 18, 2024 | Scotiabank | Sector Outperform | Sector Outperform | Hold |
| May 23, 2024 | Scotiabank | Outperform | Outperform | Hold |
Agnico Eagle Mines's last stock rating was published by Scotiabank on Aug 19, 2024. The company gave AEM a "Outperform" rating, the same as its previous rate.
Agnico Eagle Mines Financial Forecast
Agnico Eagle Mines Revenue Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.51B | $1.38B | $1.45B | $1.58B | $1.33B | $949.10M | $974.07M | $966.32M | $934.39M | $928.45M | $980.61M |
| Avg Forecast | $1.73B | $1.73B | $1.73B | $1.87B | $1.86B | $1.86B | $1.86B | $1.81B | $1.93B | $2.02B | $2.01B | $1.98B | $2.33B | $2.10B | $2.03B | $1.79B | $1.76B | $1.65B | $1.71B | $1.48B | $1.41B | $1.43B | $1.58B | $1.27B | $944.41M | $956.59M | $956.04M | $902.92M | $944.31M | $935.33M |
| High Forecast | $1.79B | $1.79B | $1.79B | $1.94B | $1.93B | $1.93B | $1.93B | $1.88B | $2.00B | $2.09B | $2.08B | $2.05B | $2.41B | $2.17B | $2.10B | $1.85B | $1.82B | $1.68B | $1.77B | $1.53B | $1.46B | $1.48B | $1.60B | $1.29B | $962.05M | $974.46M | $973.90M | $919.79M | $961.96M | $952.80M |
| Low Forecast | $1.63B | $1.63B | $1.63B | $1.76B | $1.75B | $1.75B | $1.75B | $1.71B | $1.82B | $1.90B | $1.89B | $1.86B | $2.19B | $1.97B | $1.91B | $1.68B | $1.66B | $1.62B | $1.61B | $1.39B | $1.32B | $1.34B | $1.53B | $1.23B | $914.64M | $926.44M | $925.91M | $874.46M | $914.55M | $905.85M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | - | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 9 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.02% | 0.98% | 1.01% | 1.00% | 1.05% | 1.00% | 1.02% | 1.01% | 1.03% | 0.98% | 1.05% |
Agnico Eagle Mines's average Quarter revenue forecast for Jun 23 based on 1 analysts is $1.71B, with a low forecast of $1.61B, and a high forecast of $1.77B. AEM's average Quarter revenue forecast represents a 13.39% increase compared to the company's last Quarter revenue of $1.51B (Mar 23).
Agnico Eagle Mines EBITDA Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | - | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 9 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $740.95M | $551.53M | $665.65M | $790.87M | $521.41M | $399.81M | $447.28M | $468.67M | $450.86M | $439.52M | $510.37M |
| Avg Forecast | $771.31M | $771.31M | $771.31M | $833.10M | $829.92M | $829.92M | $829.92M | $808.25M | $860.26M | $900.59M | $894.35M | $880.76M | $1.04B | $934.19M | $903.68M | $305.56M | $784.76M | $736.26M | $762.77M | $277.78M | $627.45M | $449.68M | $702.01M | $219.59M | $420.81M | $426.23M | $425.99M | $382.37M | $420.76M | $416.76M |
| High Forecast | $798.31M | $798.31M | $798.31M | $862.27M | $858.98M | $858.98M | $858.97M | $836.54M | $890.38M | $932.12M | $925.67M | $911.60M | $1.07B | $966.90M | $935.32M | $366.67M | $812.23M | $748.10M | $789.47M | $333.34M | $649.42M | $539.61M | $715.13M | $263.51M | $428.67M | $434.20M | $433.95M | $458.84M | $428.63M | $424.55M |
| Low Forecast | $725.75M | $725.75M | $725.75M | $783.89M | $780.90M | $780.90M | $780.90M | $760.51M | $809.45M | $847.39M | $841.53M | $828.74M | $976.41M | $879.02M | $850.31M | $244.45M | $738.41M | $723.71M | $717.71M | $222.22M | $590.39M | $359.74M | $679.89M | $175.67M | $407.54M | $412.80M | $412.56M | $305.90M | $407.50M | $403.63M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.67% | 0.88% | 1.48% | 1.13% | 2.37% | 0.95% | 1.05% | 1.10% | 1.18% | 1.04% | 1.22% |
1 analysts predict AEM's average Quarter EBITDA for Jun 23 to be $762.77M, with a high of $789.47M and a low of $717.71M. This is 2.94% upper than Agnico Eagle Mines's previous annual EBITDA (Mar 23) of $740.95M.
Agnico Eagle Mines Net Income Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | - | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 9 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.82B | $205.01M | $79.64M | $275.85M | $109.75M | $102.82M | $114.48M | $189.56M | $136.15M | $205.22M | $222.65M |
| Avg Forecast | $306.26M | $299.17M | $287.65M | $275.72M | $401.13M | $400.97M | $399.13M | $394.19M | $473.98M | $483.59M | $506.42M | $500.61M | $534.32M | $471.54M | $459.54M | $73.23M | $257.69M | $214.13M | $276.76M | $66.57M | $202.76M | $123.87M | $298.39M | $52.62M | $275.59M | $298.37M | $300.12M | $120.26M | $326.72M | $319.67M |
| High Forecast | $320.20M | $312.79M | $300.75M | $288.28M | $419.38M | $419.22M | $417.30M | $412.13M | $495.55M | $505.60M | $529.47M | $523.40M | $558.63M | $586.80M | $480.46M | $87.87M | $280.10M | $264.24M | $289.36M | $79.88M | $211.99M | $148.64M | $305.64M | $63.15M | $282.28M | $305.62M | $307.40M | $144.32M | $334.66M | $327.43M |
| Low Forecast | $282.75M | $276.20M | $265.57M | $254.56M | $370.32M | $370.18M | $368.49M | $363.92M | $437.59M | $446.46M | $467.53M | $462.17M | $493.29M | $398.19M | $424.26M | $58.58M | $212.87M | $177.68M | $255.51M | $53.26M | $187.20M | $99.09M | $286.16M | $42.10M | $264.30M | $286.14M | $287.82M | $96.21M | $313.33M | $306.58M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 27.29% | 1.01% | 0.64% | 0.92% | 2.09% | 0.37% | 0.38% | 0.63% | 1.13% | 0.63% | 0.70% |
Agnico Eagle Mines's average Quarter net income forecast for Jun 23 is $276.76M, with a range of $255.51M to $289.36M. AEM's average Quarter net income forecast represents a -84.77% decrease compared to the company's last Quarter net income of $1.82B (Mar 23).
Agnico Eagle Mines SG&A Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | - | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 9 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $48.21M | $54.58M | $49.46M | $49.27M | $67.54M | $34.43M | $31.32M | $31.32M | $44.93M | $33.91M | $26.29M |
| Avg Forecast | $66.68M | $66.68M | $66.68M | $72.03M | $71.75M | $71.75M | $71.75M | $69.88M | $74.37M | $77.86M | $77.32M | $76.15M | $89.71M | $80.77M | $78.13M | $45.06M | $67.85M | $63.65M | $65.94M | $40.97M | $54.25M | $33.88M | $60.69M | $32.39M | $36.38M | $36.85M | $36.83M | $39.69M | $36.38M | $36.03M |
| High Forecast | $69.02M | $69.02M | $69.02M | $74.55M | $74.26M | $74.26M | $74.26M | $72.32M | $76.98M | $80.59M | $80.03M | $78.81M | $92.86M | $83.59M | $80.86M | $54.08M | $70.22M | $64.68M | $68.25M | $49.16M | $56.15M | $40.66M | $61.83M | $38.86M | $37.06M | $37.54M | $37.52M | $47.63M | $37.06M | $36.70M |
| Low Forecast | $62.74M | $62.74M | $62.74M | $67.77M | $67.51M | $67.51M | $67.51M | $65.75M | $69.98M | $73.26M | $72.75M | $71.65M | $84.42M | $76.00M | $73.51M | $36.05M | $63.84M | $62.57M | $62.05M | $32.77M | $51.04M | $27.11M | $58.78M | $25.91M | $35.23M | $35.69M | $35.67M | $31.75M | $35.23M | $34.90M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.18% | 1.01% | 1.46% | 0.81% | 2.09% | 0.95% | 0.85% | 0.85% | 1.13% | 0.93% | 0.73% |
Agnico Eagle Mines's average Quarter SG&A projection for Jun 23 is $65.94M, based on 1 Wall Street analysts, with a range of $62.05M to $68.25M. The forecast indicates a 36.79% rise compared to AEM last annual SG&A of $48.21M (Mar 23).
Agnico Eagle Mines EPS Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | - | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 9 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $3.87 | $0.45 | $0.17 | $0.61 | $0.29 | $0.42 | $0.47 | $0.78 | $0.56 | $0.85 | $0.92 |
| Avg Forecast | $0.61 | $0.60 | $0.57 | $0.55 | $0.80 | $0.80 | $0.80 | $0.79 | $0.95 | $0.97 | $1.01 | $1.00 | $1.07 | $0.94 | $0.92 | $0.61 | $0.51 | $0.43 | $0.55 | $0.46 | $0.41 | $0.43 | $0.60 | $0.39 | $0.55 | $0.60 | $0.60 | $0.59 | $0.65 | $0.64 |
| High Forecast | $0.64 | $0.63 | $0.60 | $0.58 | $0.84 | $0.84 | $0.83 | $0.82 | $0.99 | $1.01 | $1.06 | $1.05 | $1.12 | $1.17 | $0.96 | $0.64 | $0.56 | $0.53 | $0.58 | $0.48 | $0.42 | $0.45 | $0.61 | $0.40 | $0.56 | $0.61 | $0.61 | $0.60 | $0.67 | $0.65 |
| Low Forecast | $0.56 | $0.55 | $0.53 | $0.51 | $0.74 | $0.74 | $0.74 | $0.73 | $0.87 | $0.89 | $0.93 | $0.92 | $0.99 | $0.80 | $0.85 | $0.57 | $0.43 | $0.36 | $0.51 | $0.43 | $0.37 | $0.39 | $0.57 | $0.37 | $0.53 | $0.57 | $0.58 | $0.56 | $0.63 | $0.61 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 8.36% | 1.11% | 0.40% | 1.02% | 0.75% | 0.76% | 0.79% | 1.30% | 0.95% | 1.30% | 1.44% |
According to 1 Wall Street analysts, Agnico Eagle Mines's projected average Quarter EPS for Jun 23 is $0.55, with a low estimate of $0.51 and a high estimate of $0.58. This represents a -85.71% decrease compared to AEM previous annual EPS of $3.87 (Mar 23).
Agnico Eagle Mines Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| FNV | Franco-Nevada | $125.13 | $157.31 | 25.72% | Buy |
| GOLD | Barrick Gold | $20.84 | $25.81 | 23.85% | Buy |
| PAAS | Pan American Silver | $21.20 | $25.00 | 17.92% | Buy |
| NEM | Newmont | $53.71 | $62.09 | 15.60% | Buy |
| GFI | Gold Fields | $14.21 | $16.00 | 12.60% | Hold |
| SAND | Sandstorm Gold | $6.22 | $7.00 | 12.54% | Buy |
| OR | Osisko Gold Royalties | $18.13 | $19.00 | 4.80% | Buy |
| RGLD | Royal Gold | $143.19 | $149.75 | 4.58% | Buy |
| AEM | Agnico Eagle Mines | $83.17 | $76.26 | -8.31% | Buy |
| KGC | Kinross Gold | $9.84 | $8.99 | -8.64% | Buy |
| WPM | Wheaton Precious Metals | $62.56 | $54.28 | -13.24% | Buy |
| IAG | IAMGOLD | $5.42 | $4.02 | -25.83% | Hold |
AEM Forecast FAQ
Is Agnico Eagle Mines a good buy?
Yes, according to 12 Wall Street analysts, Agnico Eagle Mines (AEM) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 11 'Buy' recommendations, accounting for 91.67% of AEM's total ratings.
What is AEM's price target?
Agnico Eagle Mines (AEM) average price target is $76.26 with a range of $66 to $83.55, implying a -8.31% from its last price of $83.17. The data is based on 12 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Agnico Eagle Mines stock go up soon?
According to Wall Street analysts' prediction for AEM stock, the company can go down by -8.31% (from the last price of $83.17 to the average price target of $76.26), up by 0.46% based on the highest stock price target, and down by -20.64% based on the lowest stock price target.
Can Agnico Eagle Mines stock reach $120?
AEM's average twelve months analyst stock price target of $76.26 does not support the claim that Agnico Eagle Mines can reach $120 in the near future.
What are Agnico Eagle Mines's analysts' financial forecasts?
Agnico Eagle Mines's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $7.4B (high $7.66B, low $6.96B), average EBITDA is $3.3B (high $3.41B, low $3.1B), average net income is $1.6B (high $1.67B, low $1.47B), average SG&A $285.13M (high $295.11M, low $268.29M), and average EPS is $3.19 (high $3.33, low $2.94). AEM's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $7.06B (high $7.31B, low $6.65B), average EBITDA is $3.15B (high $3.26B, low $2.96B), average net income is $1.17B (high $1.22B, low $1.08B), average SG&A $272.08M (high $281.6M, low $256.01M), and average EPS is $2.34 (high $2.44, low $2.16).
Did the AEM's actual financial results beat the analysts' financial forecasts?
Based on Agnico Eagle Mines's last annual report (Dec 2022), the company's revenue was $5.74B, beating the average analysts forecast of $5.68B by 1.07%. Apple's EBITDA was $2.42B, beating the average prediction of $2B by 21.21%. The company's net income was $670.25M, missing the average estimation of $677.64M by -1.09%. Apple's SG&A was $220.86M, beating the average forecast of $181.21M by 21.88%. Lastly, the company's EPS was $2.75, beating the average prediction of $1.82 by 51.38%. In terms of the last quarterly report (Mar 2023), Agnico Eagle Mines's revenue was $1.51B, beating the average analysts' forecast of $1.48B by 1.94%. The company's EBITDA was $740.95M, beating the average prediction of $277.78M by 166.74%. Agnico Eagle Mines's net income was $1.82B, beating the average estimation of $66.57M by 2629.29%. The company's SG&A was $48.21M, beating the average forecast of $40.97M by 17.67%. Lastly, the company's EPS was $3.87, beating the average prediction of $0.463 by 735.65%