Earnings Update: Agnico Eagle Mines Limited (NYSE:AEM) Just Reported Its Third-Quarter Results And Analysts Are Updating Their Forecasts

Agnico Eagle Mines Limited (NYSE:AEM) investors will be delighted, with the company turning in some strong numbers with its latest results. Results were good overall, with revenues beating analyst predictions by 2.9% to hit US$3.1b. Statutory earnings per share (EPS) came in at US$2.10, some 4.8% above whatthe analysts had expected. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

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Following the latest results, Agnico Eagle Mines' twelve analysts are now forecasting revenues of US$13.3b in 2026. This would be a major 26% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to bounce 47% to US$10.12. In the lead-up to this report, the analysts had been modelling revenues of US$12.5b and earnings per share (EPS) of US$9.70 in 2026. So there seems to have been a moderate uplift in sentiment following the latest results, given the upgrades to both revenue and earnings per share forecasts for next year.

Check out our latest analysis for Agnico Eagle Mines

Despite these upgrades,the analysts have not made any major changes to their price target of US$189, suggesting that the higher estimates are not likely to have a long term impact on what the stock is worth. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. There are some variant perceptions on Agnico Eagle Mines, with the most bullish analyst valuing it at US$255 and the most bearish at US$70.00 per share. Note the wide gap in analyst price targets? This implies to us that there is a fairly broad range of possible scenarios for the underlying business.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Agnico Eagle Mines' past performance and to peers in the same industry. We can infer from the latest estimates that forecasts expect a continuation of Agnico Eagle Mines'historical trends, as the 20% annualised revenue growth to the end of 2026 is roughly in line with the 23% annual growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 7.9% per year. So it's pretty clear that Agnico Eagle Mines is forecast to grow substantially faster than its industry.

The Bottom Line

The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Agnico Eagle Mines following these results. Pleasantly, they also upgraded their revenue estimates, and their forecasts suggest the business is expected to grow faster than the wider industry. The consensus price target held steady at US$189, with the latest estimates not enough to have an impact on their price targets.

With that in mind, we wouldn't be too quick to come to a conclusion on Agnico Eagle Mines. Long-term earnings power is much more important than next year's profits. We have forecasts for Agnico Eagle Mines going out to 2027, and you can see them free on our platform here.

Plus, you should also learn about the 1 warning sign we've spotted with Agnico Eagle Mines .

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.