Analyst Consensus ?
ConsensusBuy30 ratings
Bullish1963.3%
Neutral1033.3%
Bearish13.4%
Agnico Eagle Mines Limited · AEM · FY2026 Q1 · Calendar Q2 2026
Agnico Eagle posts record Q1 as projects and safety stay in focus
Agnico Eagle's Q1 showed strong operating execution supported by high gold prices, with cost guidance maintained and multiple growth projects advancing. The investment case still depends on project delivery, permits, cost control and improved safety performance.
Reported After market closeNYSEBasic Materials
$83.61B market cap
90quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$3.40
Consensus $3.19
EPS surprise
+6.6%
Reported versus consensus
Reported revenue
$4.10B
Consensus $3.95B
Revenue surprise
+3.7%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
-2.5%
Event window
SPY move
+0.3%
Same window
Abnormal move
-2.7%
Stock minus SPY
Volume
1.3×
Versus trailing sessions
Subsequent drift
-3.8%
Up to 20 sessions
AEMSPY benchmark
Ask FN2 about AEM FY2026 Q1
Transcript, numbers and history already loaded
Why did AEM fall 2.5% after beating EPS estimates in FY2026 Q1?What changed in AEM's guidance and outlook in FY2026 Q1?Give me the bull and bear case for AEM after FY2026 Q1 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Management highlighted record net income and operating margins, production slightly above budget, a stronger net-cash position, increased share repurchases and progress on Detour Lake, Malartic, Hope Bay and Finnish assets. Two recent fatalities led to new safety procedures and a stand-down.
Guidance delta
Maintained; cost guidance remains on track.
Key takeaways
- Production was approximately 825,000 ounces, slightly above budget.
- Management said cost guidance remained on track, supported by low-cost power and diesel hedging.
- Net cash was $2.9 billion, and $375 million was returned to shareholders; the NCIB was increased to $2 billion.
- Growth work continued at Detour Lake, Malartic, Hope Bay and the Finnish platform, with a stated aim of 20%-30% production growth over the next decade.
- Safety remains a priority after two fatalities in the past five months.
Management priorities
- Advance Detour Lake underground development and high-intensity drilling.
- Progress Malartic shaft and ramp development and evaluate a second shaft.
- Reach the Hope Bay construction decision and provide detailed engineering updates.
- Complete Finnish land-consolidation studies and refine the Ikkari platform concept.
- Maintain shareholder returns while preserving a strong cash buffer and strengthening safety procedures.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$165.38Current
$66Low
$185.66Average
$304High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 1, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| JP Morgan | Neutral | Neutral | Maintain | Oct 30, 2026 |
| Freedom Broker | Hold | Buy | Downgrade | Oct 22, 2026 |
| Barclays | Overweight | Overweight | Maintain | Oct 19, 2026 |
| UBS | Neutral | Neutral | Maintain | Oct 8, 2026 |
| RBC Capital | Sector Perform | Sector Perform | Maintain | Sep 16, 2026 |
| Scotiabank | Sector Outperform | Sector Outperform | Maintain | Jul 14, 2026 |
| B of A Securities | Buy | Buy | Maintain | Jul 9, 2026 |
| Jefferies | Buy | Hold | Upgrade | Jul 6, 2026 |
| CIBC | Outperform | Outperform | Maintain | May 26, 2026 |
| Citigroup | Buy | Buy | Maintain | Jan 15, 2026 |
| Raymond James | Outperform | Outperform | Maintain | Oct 10, 2025 |
| BMO Capital | Outperform | Outperform | Maintain | Jun 20, 2024 |
| Keybanc | Equal Weight | Sector Weight | Maintain | Sep 24, 2021 |
| Canaccord Genuity | Buy | Buy | Maintain | Feb 23, 2021 |
| TD Securities | Buy | Buy | Maintain | Jul 30, 2020 |
| GMP Securities | Buy | Hold | Upgrade | Apr 23, 2019 |
| Desjardins | Hold | Buy | Downgrade | Apr 12, 2019 |
| Credit Suisse | Outperform | Outperform | Maintain | Sep 11, 2017 |
| National Bank Financial Inc | Outperform | Sector Perform | Upgrade | Jul 24, 2017 |
| National Bank Financial | Outperform | Sector Perform | Upgrade | Jul 24, 2017 |
| HSBC | Hold | Buy | Downgrade | Oct 26, 2015 |
| Bank of America | Buy | Neutral | Upgrade | Aug 12, 2015 |
| Morgan Stanley | Overweight | Overweight | Maintain | May 5, 2014 |
| Dundee | Buy | Neutral | Upgrade | Apr 24, 2014 |
| Sterne Agee | Buy | Neutral | Upgrade | Jan 22, 2014 |
| Salman Partners | Buy | Hold | Upgrade | Oct 25, 2013 |
| Macquarie | Neutral | Underperform | Upgrade | Jul 26, 2013 |
| Mackie Research | Sell | Hold | Downgrade | Jul 8, 2013 |
| Global Hunter Securities | Neutral | Buy | Downgrade | Aug 22, 2012 |
| Dahlman Rose | Hold | Buy | Downgrade | May 30, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $165.38. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Barclays | Analyst unavailable | $218 | $189.53 | +31.8% | Oct 19, 2026 |
| CIBC | Analyst unavailable | $239 | $191.65 | +44.5% | Oct 16, 2026 |
| CIBC | Analyst unavailable | $285 | $137.56 | +72.3% | Jul 16, 2026 |
| Barclays | Richard Garchitorena | $188 | $142.16 | +13.7% | Jul 15, 2026 |
| Scotiabank | Analyst unavailable | $260 | $144.69 | +57.2% | Jul 14, 2026 |
| RBC Capital | Josh Wolfson | $210 | $147.89 | +27.0% | Jul 9, 2026 |
| Barclays | Analyst unavailable | $210 | $153.86 | +27.0% | Jul 6, 2026 |
| Jefferies | Fahad Tariq | $200 | $153.86 | +20.9% | Jul 6, 2026 |
| UBS | Daniel Major | $170 | $150.96 | +2.8% | Jun 30, 2026 |
| CIBC | Analyst unavailable | $310 | $179.79 | +87.4% | May 26, 2026 |
| Barclays | Analyst unavailable | $213 | $177.75 | +28.8% | May 21, 2026 |
| CIBC | Anita Soni | $304 | $207.88 | +83.8% | Apr 21, 2026 |
| UBS | Analyst unavailable | $210 | $193.4 | +27.0% | Mar 27, 2026 |
| Scotiabank | Tanya Jakusconek | $280 | $212.14 | +69.3% | Feb 17, 2026 |
| TD Securities | Steven Green | $251 | $209.2 | +51.8% | Feb 17, 2026 |
| CIBC | Analyst unavailable | $296 | $192.73 | +79.0% | Feb 4, 2026 |
| UBS | Analyst unavailable | $240 | $198.62 | +45.1% | Jan 30, 2026 |
| Scotiabank | Analyst unavailable | $276 | $221.77 | +66.9% | Jan 26, 2026 |
| Raymond James | Analyst unavailable | $225 | $197.28 | +36.1% | Jan 14, 2026 |
| RBC Capital | Josh Wolfson | $205 | $166.28 | +24.0% | Dec 10, 2025 |
| Jefferies | Analyst unavailable | $189 | $168.83 | +14.3% | Dec 7, 2025 |
| UBS | Daniel Major | $190 | $173.48 | +14.9% | Dec 1, 2025 |
| Scotiabank | Tanya Jakusconek | $219 | $164.98 | +32.4% | Oct 23, 2025 |
| UBS | Analyst unavailable | $180 | $178.74 | +8.8% | Oct 16, 2025 |
| CIBC | Anita Soni | $231 | $164.38 | +39.7% | Oct 10, 2025 |
| Raymond James | Judith Elliott | $182 | $161.73 | +10.0% | Oct 10, 2025 |
| UBS | Analyst unavailable | $160 | $157.77 | -3.3% | Sep 19, 2025 |
| Scotiabank | Tanya Jakusconek | $126 | $118.39 | -23.8% | Apr 14, 2025 |
| Raymond James | Farooq Hamed | $105 | $95.59 | -36.5% | Feb 4, 2025 |
| UBS | Daniel Major | $95 | $82.25 | -42.6% | Sep 17, 2024 |
| Jefferies | Matthew Murphy | $66 | $74.62 | -60.1% | Jul 12, 2024 |
| RBC Capital | Josh Wolfson | $80 | $69.8 | -51.6% | Jul 5, 2024 |
| BMO Capital | Jackie Przybylowski | $77 | $64.61 | -53.4% | Jun 20, 2024 |
| Scotiabank | Tanya Jakusconek | $81 | $64.61 | -51.0% | Jun 18, 2024 |
| Barclays | Matthew Murphy | $70 | $53.48 | -57.7% | Jun 8, 2022 |
| Barclays | Analyst unavailable | $71 | $61.76 | -57.1% | Apr 21, 2022 |
| Industrial Alliance Securities | Puneet Singh | $83.55 | $50.5 | -49.5% | Jan 21, 2022 |
Track every rating change on AEM the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationAgnico Eagle Mines Limited is engaged in the discovery, growth, and operation of mineral sites across Canada, Mexico, and Finland. The company organizes its business into Northern and Southern segments. Primarily, it focuses on the extraction and sale of gold, while also exploring for deposits of silver, zinc, and copper. Its principal asset is the LaRonde mine, located in the Abitibi region of northwestern Quebec, Canada. As of December 31, 2021, the LaRonde mine reported proven and probable gold reserves totaling approximately 3.0 million ounces. Additionally, the company conducts exploration efforts in various international regions, including Europe, Latin America, and the United States. Founded in 1953, Agnico Eagle Mines Limited maintains its corporate headquarters in Toronto, Canada.
Historical context
All AEM earningsBasic Materials peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| LYB LyondellBasell Industries N.V. | FY2026 Q3 · Calendar Q4 2026 | -1.2% | +5.0% | LyondellBasell Q3 Earnings: Strong Cash Flow, Cautious Outlook |
| VALE Vale S.A. | FY2026 Q3 · Calendar Q4 2026 | -24.6% | +1.9% | Vale balances cost resilience with iron-ore and copper execution risks |
| TECK Teck Resources Limited | FY2026 Q3 · Calendar Q4 2026 | +26.4% | +1.1% | Teck posts strong Q3 as copper growth offsets merger and labor risks |
Latest beats and misses
Who reports nextBeat on EPS
- CHDFY2026 Q3 · October 30, 2026+2.2% EPS+1.2% move
- AZNFY2026 Q3 · October 30, 2026+7.3% EPS+7.0% move
- FRTFY2026 Q3 · October 30, 2026+3.9% EPS-1.1% move
- CVXFY2026 Q3 · October 30, 2026+8.4% EPS+1.8% move
- BTSGFY2026 Q3 · October 30, 2026+14.2% EPS+11.1% move
- EXCFY2026 Q3 · October 30, 2026+10.4% EPS+0.5% move
Missed on EPS
- GLPIFY2026 Q3 · October 29, 2026-11.5% EPS-1.3% move
- LYBFY2026 Q3 · October 30, 2026-1.2% EPS+5.0% move
- CCJFY2026 Q3 · October 30, 2026-101.4% EPS-7.9% move
- VALEFY2026 Q3 · October 29, 2026-24.6% EPS+1.9% move
- DLR-PLFY2026 Q3 · October 29, 2026-8.4% EPS— move
- DLR-PKFY2026 Q3 · October 29, 2026-8.4% EPS— move
Get the AEM recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-11-01T11:20:42.889836+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-01T11:20:42.886943+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-11-01. For educational purposes only; not investment advice.