Agnico Eagle Mines Slides 4.8% as Q1 EPS Forecast Jumps 119.6%
Agnico Eagle Mines stock fell 4.83% following a 17.22% one-month gain, trailing major indices. Q1 EPS is forecast at $3.36 (+119.6%), revenue at $4.01B (+62.4%), while FY EPS is seen at $13.28 (+60.4%) and revenue at $16.35B (+37.3%), and forward P/E stands at 17.53 versus 11.87 industry average.
1. Stock Performance
Agnico Eagle Mines shares closed down 4.83% at $221.49, underperforming the S&P 500’s 0.57% loss, the Dow’s 1.61% decline and the Nasdaq’s 0.26% drop. The stock had gained 17.22% over the past month versus a 3.46% rise in the Basic Materials sector and a 0.15% S&P 500 decline.
2. Earnings and Revenue Projections
Analysts forecast Q1 EPS of $3.36, up 119.61% year-over-year, and revenue of $4.01 billion, up 62.4%. Full-year estimates call for EPS of $13.28 (+60.39%) and revenue of $16.35 billion (+37.3%), reflecting robust near-term growth expectations.
3. Valuation and Analyst Sentiment
Agnico Eagle Mines trades at a forward P/E of 17.53, a premium to the industry average of 11.87. Consensus EPS estimates have climbed 11.52% over the past 30 days, underpinning a Zacks Rank #1 (Strong Buy) rating.