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AEM

Agnico Eagle Mines Limited

NYSE: AEM · BASIC MATERIALS · GOLD

$183.56
-3.00% today

Updated 2026-04-29

Market cap
$100.31B
P/E ratio
22.62
P/S ratio
8.42x
EPS (TTM)
$8.85
Dividend yield
0.80%
52W range
$102 – $255
Volume
2.6M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Agnico Eagle Mines Limited (AEM) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$183.56
Consensus
$224.56
+22.34%
2030 Target
$437.93
+138.58%
DCF
$169.65
-28.02% MoS
9 analysts:
3 Buy3 Hold2 Sell

Management guidance

No specific CEO revenue guidance found in provided materials. Management has focused on operational updates including 2% year-over-year mineral reserve increase to 55.4 MOZ, 10% increase in indicated resources to 47.1 MOZ, and strategic exploration alliances (Cascadia partnership). Company emphasizes disciplined capital allocation and organic growth strategy but has not provided explicit multi-year revenue targets.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$729.89
$18.6B Rev × 20x P/S
Base case (2030)
$437.93
$18.6B Rev × 12x P/S
Bear case (2030)
$291.96
$18.6B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$6.7B$8.3B$11.9B$16.4B$16.2B$16.8B$17.6B$18.6B
Revenue growth—22.8%43.7%38.1%-1.7%3.9%5.1%5.1%
EPS$2.23$4.23$8.33$13.93$13.64$14.25$15.10$16.05
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$396.23$375.37$396.23$417.08$437.93

Catalysts & risks

Growth catalysts
+ Q1 2026 earnings release (April 30, 2026) with production/cost updates
+ Cascadia Minerals exploration success at Carmacks (15,000m drilling program) and Catch property earn-in
+ Gold price strength benefiting margins (gold traded near multi-year highs through early 2026)
+ Continued mineral reserve growth from exploration (mineral resources up 10-15% YoY)
Key risks
- Oil price spikes directly impact operating margins (diesel/fuel-dependent mining operations)
- Gold price volatility — analyst margins sensitivity suggests significant downside if gold corrects 15-20%
- Rising labor and input costs pressuring AISC (all-in sustaining costs)
- Regulatory/permitting delays on Cascadia projects and other development assets

Methodology

Agnico Eagle Mines Limited's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 9 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 6, 2026.